This document outlines the requirements for a preliminary strategic audit report for a course project. It provides guidelines for students to analyze a company's value proposition, market position, competitive advantage, external environment using five forces analysis, identify 5-7 strategic issues, and make preliminary recommendations. The report should follow an essay sample format, be 7-10 pages, cite sources using APA style, and will be graded on a 140-point rubric focusing on strategic analysis, recommendations, and writing quality.