Strategic auditing framework

Recall that Wheelen, Hunger, and Hoffman's (2018) strategic auditing framework begins on page 32 of the textbook. Although Wheelen, Hunger, and Hoffman offer a popular framework, other frameworks exist and are utilized by companies conducting strategic audits.

For this assignment, assert, research, and defend/argue for one of the following positions:

Wheelen, Hunger, and Hoffman (2018) offer a framework allowing any company to conduct a strategic audit.
Wheelen, Hunger, and Hoffman (2018) offer a framework allowing only particular kinds of companies to conduct a strategic audit.
Wheelen, Hunger, and Hoffman's (2018) framework could be improved by __ (describe the modification to the framework).
You need to establish a position and then research (collect information, articles, findings, and relevant materials) to support your position. You may wish to start at the following places for your research:

Consider searching https://www.semanticscholar.org/ for good papers and insights into strategic auditing.
RAND also offers insight into strategic thinking and planning: https://is.gd/xIdGGR
LIRN, the university library.
Aim to include at least four sources in your argument essay. Also, ensure you proofread the essay, APA-formatted. If you would like advice on proofreading, then check out https://is.gd/JxgvLR! If you want advice regarding arguments, then review https://is.gd/KUgnWt, https://is.gd/XKzhhy, https://is.gd/mkha1r, and https://is.gd/VIqx9A.

Strategic Auditing Framework From Page 32 Of The Textbook

I. Current Situation

A. Current Performance

How did the corporation perform the past year inclusive in terms of return on investment, market share, and profitability?

B. Strategic Posture

What are the corporation's current mission, objectives, strategies, and policies?

1. Are they clearly stated, or are they merely implied from the performance?
2. Mission: What business(es) is the corporation in? Why?
3. Objectives: What are the corporate, business, and functional objectives? Are they consistent with each other, with the mission, and with the internal and external environments?
4. Strategies: What strategy or a mix of strategies is the corporation following? Are they consistent with each other, with the mission and objectives, and with the internal and external environments?
5. Policies: What are the corporation's policies? Are they consistent with each other, with the mission, objectives, and strategies, and with the internal and external environments?
6. Do the current mission, objectives, strategies, and policies reflect the corporation's international operations, whether global or multi-domestic?

II. Corporate Governance

A. Board of Directors

1. Who is on the board? How many are internal (employees) or external members?
2. Which board members own significant shares of stock? What percentage?
3. Is the stock privately held or publicly traded? Are there different classes of stock with different voting rights?