Due diligence
It means the process of evaluating a prospective
business decision by getting critical and material
information about the financial, legal and various
other information about an organisation in order
to make an informed decision making.
Objectives:
Informed decision making
Systematically use of information to deliberate in
a reflexive manner on the decision at hand and
all its costs, benefits, and risks.
Employees
Trade Unions
Shareholders and Creditors
Vendors
Customers
Government
Society
Desired precision
The nature of questions to be asked
Availability of time frame
Availability of money
Access to information providers
Focus on
Organizations financial health
Its future delivery capacities
Reputation, approach to working