Explain the main tasks of the Strategy Execution Process that enable a firm to execute its strategy successfully and achieve target performance objectives? Business Other

Solution- According to me, the followings are the main tasks of the Strategy Execution Process that enable a firm to execute its strategy successfully and achieve target performance objectives- 1. Clarification of strategies 2. Recognition of capabilities of the organization 3. Identification and determination of gaps 4. Choosing investments 5. Monitoring strategy process Explanation- The strategy execution process gives a framework for managing, implementing, communicating, and clarifying the strategy. It includes several tasks that are essential in order to achieve the objectives. These tasks include clarification of the strategies, determining and assessing the capabilities of the organization, determination of gaps, choosing investments, and monitoring the entire process. References Neilson, G. L., Martin, K. L., & Powers, E. (2008). The secrets to successful strategy execution. Harvard business review, 86(6), 60

How your auditing knowledge can help to accustom yourself in the audit firm?

Solution-

I can utilize my auditing knowledge in an auditing firm in several ways. I will be able to pay attention carefully to the core auditing services that the firm provides to its customers. I am having a strong mathematics aptitude that is highly required in auditing services. Also, I have a great sense of problem-solving and a keen interest in the financial system. Auditing firm requires its employees to work under a lot of pressure that I can handle easily because of my self-motivation and determination skills. My excellent communication and auditing skills can be utilized in the firm for meeting its goals.

Explanation-

For being a good auditor, a person possesses excellent communication skills, problem-solving skills, and deep knowledge of enterprise risk management and audit standards. An auditing firm looks for a person who can handle huge pressure and highly rigid time requirements.

References

Palmer, K. N., Ziegenfuss, D. E., & Pinsker, R. E. (2004). International knowledge, skills, and abilities of auditors/accountants. Managerial Auditing Journal.