Management and Business Measurement Process Essay

Darien Walkers approach to audit Mercedes Benz U. S. International (MBUSI) exemplifies the business quantity process method. Walker begins with a strategic analysis of her lymph node by conducting research on the SUV market and MBUSIs business and strategic objectives.Some all important(p) external forces in the industry include economic factors such as international oil prices, employment rate, interest rates, and inflation. Though faced with taxation and responsibility complications, MBUSI enjoys a strong relationship with the state of Alabama government. The merger with Chrysler Corporation, on the other hand, poses several risks. Unionization and additional disclosures under GAAP reporting may significantly impact on the companys operations.The elevation of competition in the SUV segment may also lead to decreased market shares of the M-Class, however, mellowed product calibre and customer satisfaction would ensure the M-Class a niche within the market. Assembly and supply chain management are MBUSIs heart and soul business processes, and a number of controls have been placed throughout these processes to ensure operational effectiveness and efficiency. MBUSI excels in its assembly line management through quislingism with workers and suppliers, as well as establishing and monitoring of key controls.The company also enjoys a superb supply chain, mainly due to its close, integrated relationships with its suppliers. In addition, resourcefulness management processes, such as procurement and information management, are also crucial to the success of the company. From Walkers risk-based strategic systems approach to audit MBUSI, in that respect are two key takeaways. First, Walkers comprehensive strategic analysis on MBUSI demonstrates that auditors must conduct extensive research about the clients business and the environment of which it operates in.The BMP audit approach would not otherwise work if auditors fail to become familiarizedwith the busines s entity. An example to demonstrate this point is the make it of Enron. Due to the gas industrys complex business nature, Enrons financial statements tend to be vague and confusing. By further obscuring its financial statements, Enron fools its auditors through easy manipulations. In hindsight, however, if the external auditors understood Enrons business structure and industry, they would have detected the misstatements in financial results.Finally,from MBUSIs perspective, it is notable that the companys integrative relationships with the employees, suppliers, and the state of Alabama government are the keys to success. MBUSIs active engagement with these key players allows the company to leverage these relationships through its business processes to deliver Mercedes-Benz quality to its customers. Another company that successfully leveraged its relationships with internal and external parties is Starbucks Inc.