The Management Audit: How to Create an Effective Management Team

Overview

The management audit is a tool designed to analyze the strengths and weaknesses of a company's management team, the organization's structure, and the corporate culture. This text demonstrates to managers the value of the management audit, reviews the management audit process, and describes the benefits of the audit. It illustrates that an audit can be carried out at all stages of a company's life and identifies the circumstances for a management audit. It is written by specialists from an international ...
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Overview

The management audit is a tool designed to analyze the strengths and weaknesses of a company's management team, the organization's structure, and the corporate culture. This text demonstrates to managers the value of the management audit, reviews the management audit process, and describes the benefits of the audit. It illustrates that an audit can be carried out at all stages of a company's life and identifies the circumstances for a management audit. It is written by specialists from an international consultancy and includes international case studies and features the Carre Orban "Global Profile" technique. It is suitable for Chief Executives, main board directors, and non-executive directors in national and multinational firms in all industry sectors.

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Product Details

  • ISBN-13: 9780273600046
  • Publisher: Financial Times/Prentice Hall Books
  • Publication date: 5/1/1993
  • Series: Financial Times Management Series
  • Pages: 226
  • Product dimensions: 6.42 (w) x 9.50 (h) x 0.73 (d)

Table of Contents

Foreword
Preface
Acknowledgements
Introduction: Managing Change 3
Sir Allen Sheppard: The Management of Change 18
When are Management Audits Appropriate? 23
Roger Brooke: Investment Appraisal 37
R. Van Oostrom: Eli Lilly - An Unusual Commercial Approach 40
Management Audit: a Vital Management Tool 43
David Hobman: Changing Charities 50
What Does a Management Audit Achieve? 57
Peter A. Jacobs: A Change in Culture 61
Management Audit Methodology 67
Dr. P. Meyart: Management Development 97
Management Audit Case Examples 99
Management Audit and Emerging Economies 107
Benefits of a Management Audit 117
C. G. Clive: Managing Change and Growth in Venture Capital 124
J. Cusack: Management of a Turnaround Situation 130
Sir Graham Day: The Importance of Direct Communication 137
Sir John Egan: Three Fundamental Business Concepts 147
Paul Insley: Meeting and Knowing the Team 155
David Laing: Changing to a Marketing Culture 159
Sir Peter Levene: Change in the Civil Service 167
M J Peagram: 'People are our Greatest Asset' 171
Richard Pollen: The Role of Communication in the Management of Change 175
Terry Robinson: Building Management Excellence 187
Tony Wardell: Organisational Considerations Post Buy-Out 193
The Lord Weinstock: The Best Use of Resources 197
Appendix I: Timescale 203
Appendix II: Approximate Timings 204
Appendix III: Management Audit Expenses 204
Index 207
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Preface

PREFACE

As the business environment becomes more global, companies face an increasingly rapid pace of change. The ability to redeploy assets has become a crucial success factor. Flexibility and adaptability are the key words; company culture, structure and organization are all in the melting pot.

Human resources have to be one of the most important assets which a company possesses. Yet traditionalists still look at short-term needs, and try to optimise individual talent. This book challenges such a tradition: it provides new, more effective ways of coping with uncertainty and managing change.

Management Audit is a new way of looking at management. It provides a tool that enhances human and organizational resource techniques. It can make a contribution at the highest level: it is intended both for large multinationals and smaller companies.

The success of Management Audit can only be truly measured by long-term operational results. Modern managers have already experienced such benefits: some of them have written about their experience in the short interviews we feature. By focusing on realistic models and new organizational concepts, we hope this book will prove as beneficial to the reader as Audits have been to those organizations who have commissioned them.

Constant reference to actual experience makes this book particularly valuable. The management consultancy which has pioneered Management Audit as a technique gives manyexamples of its work: we also feature selected interviews with leading executives. The aim is to help the reader manage change more effectively.

Our hope is that this book will prove useful to all executives adapting to a new world economic and business environment.

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