Share on LinkedInShare on LinkedIn

ARTICLE · 03 DECEMBER 2014

What Makes A Healthy Business? An Internal Control Perspective

Health can be defined as the overall human well-being of body and mind

CanadaAccounting and Audit

Health can be defined as the overall human well-being of body and mind. It is a dynamic condition, resulting from the body's constant adjustment and adaptation in response to stresses and changes in the environment for maintaining an inner equilibrium. 

The same concept of health can be applied to the overall state of your company, meaning that a healthy business is one that is constantly adjusting and adapting to the environment in which it operates. A company's ability to change is impacted by its resources, which not only includes cash on-hand, but current information on the company's performance. Without proper systems in place, it may be hard to understand the resilience of your business when the time comes to respond to changes in the business environment.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from