THE THEORY OF A BUSINESS POLICY AUDIT.

The article proposes a method of conducting a business policy audit that will help executives determine the nature of a business problem and implement a course of action to solve the problem. The article presents an outline of the process steps and details the actions within the process, including defining the situation, considering the courses if action, adopting and inaugurating a plan, and devising a system of control. The author acknowledges that problems don't happen one at a time, and that this method requires constant readjustment when new factors come into play. The author places an emphasis on the time zoning aspects of the method, as well as the sequence, timing, balance, and convergence and divergence of forces on the process.