Abstract
The proper management of an enterprise involves a set of complex activities that, in the current rapidly changing world, require adoption of modern market requirements. This paper describes a study concerning management audits.The study aims to identify and evaluate the specific techniques that are useful for obtaining information for audits in evaluating management, and examines modifications and applications of the model by McKinsey, ‘model 7S’, with an ‘IFE Matrix’. As practice shows, until now, the ‘model 7S’ approach is the most frequently used tool to assess the current state of management executives in business. The proposed models in the paper’s conclusion can be used individually or by combining two separate models to create a ‘two-staged adaptive model 7S’.
Highlights
The main goal of most enterprises is continued improvement of their management system, which requires, in particular, an understanding of the current state regarding its strengths, and weaknesses, and a proposal to improve or overhaul the system where needed
Law (2009) defines a management audit as an independent review of corporate governance, which is executed by professional management consultants, specializing solely in this type of review
Wheelen and Hunger (2012), a management audit can be described as an analysis of business management with the audit compiling a list of questions from various areas of management and areas that affect management with the aim of receiving objective and honest responses
Summary
The main goal of most enterprises is continued improvement of their management system, which requires, in particular, an understanding of the current state regarding its strengths, and weaknesses, and a proposal to improve or overhaul the system where needed. Law (2009) defines a management audit as an independent review of corporate governance, which is executed by professional management consultants, specializing solely in this type of review. As the above characteristics indicate, a management audit is a special type of business management support, not a supervisory authority that only searches for errors and weaknesses. According to Trunečka (2004), a management audit aims to identify and assess the current state of corporate governance, i.e., to identify and characterize problems in the company that prevent effective management. Other management techniques, such as controlling, benchmarking, and internal analysis methods, are used to assess the current stage of management. Describes a modified version of the ‘7S Model’ proposed by McKinsey (McDonald, D. 2014) and its application as a tool to assess the current state of management within the business
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