Primary Purpose and Objectives of Auditing
Why do we need audits? Have you ever thought about the primary and secondary objectives of auditing? There is a common misconception that auditing is only required in case of large, more complex entities, however the cost/benefits of an internal audit function are just as important for small companies. [...]
How To Get ISO 9001 Certification Within Your Business
How to get ISO 9001 certification? To put it in simple steps then following are the tasks to take, prepare your quality management system, select a certification body, apply for it, get an audit and ultimately acquire the certificate. It is not as stress-free as it sounds above as [...]
Advantages of Balanced Scorecard within Your Business
Balanced Scorecard, a viable option and a solid strategic layout help you to go above and beyond your limits. In 1990s Dr. Robert Kaplan and Dr. David Norton came up with the idea of this strategic planning and management system to help the business owners to capture a broad [...]
SWOT Analysis for Restaurant and Hotel Business
Certainly, hotel industry is a huge sector that generates massive amount of revenue all around the world. Majority of people will agree that hotel industry acts as a considerable financial muscle in the economic development so one needs a clear business strategy to make that happen in a productive [...]
Advantages of Flow Chart and How to Use It
What Is a Flow Chart A flow chart is the diagrammatic representation of a process that describes the sequence of different steps involved in that process. Flow charts are used widely in different areas to record, research, design, enhance and summarize extensive processes to make them easy to understand. [...]
Performing an Internal Audit Effectively
Internal audits assist companies to achieve their corporate objectives by consistently keep their eye on business practices. The goal is to make sure that all the organizational procedures and policies are followed and if it does not then, it should alert the management about the gaps. Many companies recruit [...]