Abstract
A strategic audit is an objective review and evaluation of a strategic plan (or set of plans) that have been put into motion by senior leaders and key stakeholders designed to meet an organization’s future objective. [CMOE, 2023] How such an audit is executed will have a direct impact on the ultimate value of the exercise. In this paper, we examine and discuss the structure of a strategic audit, the context in which the audit is conducted, frequency of audits and the application of simple tools to focus and audit. Future empirical research on the topic of strategic audits would shed light on the usefulness of such audits although the ability of obtain pertinent information and data to undertake such analysis in the for-profit sector would be challenging.
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