Business Health Audit Includes
- Evaluation of current Business strategy and plans
- Validation of business processes/IT Systems
- Identify business areas of either high risk or under-utilized & recommend improvements
What is Business Health Audit (BHA)?
BHA is essentially is the assessment of the business health (just like the annual health check up) taking into account what the organization is doing well and what is being not done by taking into account business performance, resources and capabilities.
BHA is designed to survey the entire business, evaluate its strengths and weaknesses, and develop a realistic plan of action to adjust to today’s economy and provide long-term stability.
Why BHA?.... Prevention is better than Cure
Aidias Consulting Group believes that for long-term stability, it is important for companies to anticipate change and manage growth for the next planning period (12 to 18 months) just like we carry out individual health checks periodically.
All Companies must adjust their business strategy, plans, processes, resource allocations, and 'business as usual' mentality to compensate for the changing economy and clients‘/ customers' outlook. Key to business success is strategies that reduce business risks, increase efficiency/productivity, and keep businesses moving forward while the competitors struggle. Business and work efforts often fail because of inability to identify the many elements that are preventing the effort from being successful.
How Aidias Consulting Group performs BHA?
|
Step 1
|
Step 2
|
|
We have defined steps and guidelines to conduct the BHA for our clients. During the BHA, our consultants evaluate the following:
- Business Strategy
- Products and Service
- Existing market and competition
- Sales/Marketing/Brand Strategy
- Sales & Distribution Management (SCM)
- Customer Relationship Management (CRM)
- Financial Management (FRM)
- HR Management (HRM)
- Processes & IT Systems (ITM)
|
Together with a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis, we identify areas that may affect business results and recommend plans for improvement. Applied for the entire Company or a specific business area, BHA covers the following critical aspects:
- Strategic planning and goal setting (business alignment)
- Critical Success Factor (CSFs) specific to the departmental function
- Reporting and information management,
- Financial management and use of resources,
- Communications - internal and external
- KRAs (Key Result Areas) and HR management
- Performance management, Best practices & knowledge management
For a growing organization having great business practices (“healthy business”), these areas are in balance!
|
What are the Deliverables from BHA?
A comprehensive report is prepared with implementable prioritized plan of action covering:
- Identified gaps in business areas of either high risk or under-utilized opportunity
- Industry and competition scenario analysis
- Recommended actions on the following areas:
- Sales/Marketing/Brand Management
- Sales & Distribution Management (SCM)
- Customer Relationship Management (CRM)
- Financial Management (FRM)
- HR Management (HRM)
- Processes & IT Systems (ITM)
|
