Management Audit
Where an organisation is undergoing or planning change, a formal assessment of the quality of management can be extremely important. When an acquisition or a merger is being considered, an external view of management capabilities is often the deciding factor in persuading the investor to become involved or to provide support. Two issues invariably emerge:
- the need to objectively evaluate the calibre of existing management - their collective and individual talents and contribution to the success of the organisation;
- the need determine that existing management can take the business forward under what may be changed circumstances - their ability to deliver shareholder value with new objectives or a different culture.
We make our assessment of management and their future capabilities through a management audit process. This is comprised of two distinct elements:
Our understanding, as management consultants, of the organisation
- Existing ethos and culture.
- Business(es) and markets.
- Internal structures and relationships.
- Future strategy and business plans.
Our view, as executive selection professionals, of individual executives
- Background and experience.
- Professional skills and commercial expertise.
- Management competencies.
- Personal assets.
- Accountability for 'delivery'
- Record of performance
Our findings, as set out in a detailed report, provide a Board or investors with a comprehensive, insightful picture of the management team. In cases of acquisitions and mergers, this information can significantly aid the integration process