Management Audit
Managing Executive Talent
Executive talent remains at a premium in today’s fast changing business world. Identifying and managing talent is fundamental. And during challenging business times - such as an acquisition, merger, corporate restructuring or following the appointment of a new CEO - it’s vital you identify the capabilities of senior people, utilising them to achieve cultural and structural changes and to realise your business plan.
Determining the true competencies, strengths and limitations of senior team members will enable you to build an organisation with individuals who can ‘spark off’ each other and work effectively as a core team or part of a wider management team.
Alium’s Management Audit can give you a real insight into the leadership and managerial skills of your key people - helping you see who has the talent to deliver the superior performance your business needs.
Getting the best out of your executive team
Organisations frequently require senior individuals to be prepared to deliver change and enhance business performance. Success requires able individuals with the attitude and skill set to follow things through and realise the expected benefits.
During executive assessment, corporate restructuring or due diligence for M&A – or when succession planning, conducting a talent management review or simply when you would value an external perspective – Alium can help you understand how best to utilise key people, identifying and managing talent appropriately.
How Alium’s Management Audit process works
A typical Management Audit from Alium would involve the following elements:
- Identification of the leadership and management qualities that the business requires to meet vital business and strategic plans, in collaboration with the CEO, board and others
- Executive assessment using structured interviews and, where appropriate, psychological tests
- Production of high level executive reports on individuals, teams, business units, functions or regions as required
- Feedback and development advice to those managers assessed, either directly or by supporting line managers in the process
- Additional services such as executive coaching or personal counselling if required.
Findings reported to build success
We present our findings in a format that helps you to assimilate the information rapidly and fully comprehending our insight into each executive. Skill gaps, team work questions and critical competency issues will also be highlighted. This permits swift, decisive action based on the key findings for the whole team or group assessed.
Our summary may also compare the relative strengths and weaknesses of different divisions or functional teams, suggesting possible opportunities to reassign key executives, or propose programmes to improve the performance of the organisation.
Candidates and executives will be thoroughly briefed on the process, and will have the chance to ask any questions.
When should you use a Management Audit?
A Management Audit is especially valuable in the following contexts:
- During due diligence for M&A
- Post acquisition
- During corporate restructuring, often in the wake of a McKinsey or other organisation-wide strategic review
- Following the appointment of a new Chief Executive Officer
- Succession planning or talent management reviews, particularly when conducted internationally
- When seeking an external perspective on the quality of senior management.
Your questions answered:
How can the potential, talent, capabilities, teamwork ability and collaborative skills of several individuals be evaluated?
How can psychological profiles be compared and contrasted?
How can feedback to a selected person form the basis of leadership transition coaching?
Who provides the executive assessment and coaching services?