The Strategic Objectives of Booster and Their Main Connections - Example

The strategic objectives of Booster and their main connections 1. the strategic map of Bobster 2. Sustainable Balanced Scorecard to Booster Financial perspective Customer perspective Internal process perspective Growth perspective Cost reduction Support for customers Environment performance Workers practices Remediation cost Product safety Clean water ISO Certification Preventive cost Post end user waste reprocess Reduced carbon emission Review of product life cycle Community enhancement charitable contribution Packaging reduction Sales of friendly product Good nationality Workers safety 2. A Balance score card Under this approach, to be sustainable, a firm commands two key thins; the knowledge of the real consequence of its activities or processes in relation to threshold of the real world capability to upheld the impact as well as the ability to learn create and act in respond so as to operate within the threshold (Robert Kaplan 2013). To exist, a firm commands to be capable of adapting to changes in the business serration and environment as well as it must associate with nature, the society as well as the financial capital. The adaption entails competency, learning as well as creativity. Association entails closing the difference between real effect on key resource capital as well as threshold of the existing important resource on which the shareholders and investors places reliance on for the well living. The organizational sustainability performance formula is portrayed as follows: Sustainability Performance = Innovation + (Resource) Integrity Nevertheless, the balanced scorecard rarely address both issues as well as their feedback loop This type of balance score card is important to the company since, the business is new and growing in the market as well as they focus on innovation and creativity. 2. b. classification of strategic objective into perspective of SBSC A. Financial perspective Under this strategic objective of the company, the company will focus on the following objective 1. Coast reduction Reducing cost to a desirable level is significant to the company in order to ensure that the profitability level of the company is realized (Person 2013). Cost cutting made available by ensuring that only the relevant cost is incurred in the company. This achieved by ensuring that the company operates a flexible budget as well as ensures that there is less variation between the actual and real budget. 2. Preventive cost This cost set aside by the firm in order to mirage for any risk that might affect the business and the going concern assumption of the business. This is made possible by setting aside some funds as reserve such as the provision for bad doubtful debt as well as the contingent liability. This is because this contingency may turn out to be asset or liabilities and thus their ultimate outcome is unknown. 3. Community enhancement The company may set some funds to caster for community enhancement since, the company main sustainability compliance is to ensure that the community enhancement is compromised by way of providing education and training as well as participating in community development programs that will ensure that the community life is upgraded and thus maximization on the improved association between the company and the community. 4. Sales of friendly product The company strive to ensure that eruct safety is of paramount importance since, the success of the company depend on customer loyalty as well as the quality of the product provided to the customers (Niven 2005). This is made possible by ensuring that the product expiry date is clearly and greatly provided as well as making sure that the product is good for human consumption. The nature of the product after uses ought to be disposable and thus being environment friendly in order to ensure that the environment is not polluted. B.Customer perspective 1. Support for customers The company ensures that the support for customs is made possible. This is effective by ensuring that there is customer care that provide serve 24/7 as well as ensure that there is after sell services. This is some of the factors that are implemented by the company in order to ensure that service delivery to customer’s sis perfect. 2. Product safety Manufacturing product that meets the safety standard is important to the company. This made possible by ensuring that the product is good for consumption as well as the expiry date is clearly set out. 3. Post end user waste reprocesses The company ensures that the product it produces is goods for consumption as well as the waste product are recycled in order to ensure that the environment is safety. Ensuring that there is clean water as well as improved environment is important to the business success since, it will ensure that association between the community and the company is improved in order to ensure that there is going concern for the company. 4. Charitable contribution The company is committed towards benevolent contribution to the society. This is possible by participating in a rod show top raise funds for the needy student or to help the community in improving the living living standards. C. Internal process perspective 1. The environment performance The company ensures that the business environment it operate is environmental friendly by ensuring that the waste product is recycled as well as providing safety standards that ensure that the environment safety is upheld at all times. 2. Clean water The company ensures that the waste product is recycled and as well ensures that those waste disposed to the rived do not affect the aquatic life of animal. As a result, the company creates a recycling p-linty in order to ensure that the waste is recycled and re-issued in the process and the same times ensure that the less effect of carbon emission. 3. Reduiced canon emission The effect of carbon emission in recent as impacted the ozone layer an increased the global warming (Graham Hubbard 2014). To curb this, the company is dedicated towards ensuring that there is less carbon emission by providing assurance that the manufacturing process is well as integrated and provide less emission to the atmosphere. Packaging reduction The company strives to ensure that the packaging material is disposable and thus it doesn’t harm to the enviroemnt.the packing material is either disposable or recycled after used.thios mersasdure is significant top the company as much as sustainability complaisance is cornered. Workers safety Safety at place of work is of paramount importance to the company. The company is committed to proving a safe working environment by providing safety boots, helmet as well as the safety standers across the working places so as to ensure that the workers clearly understand and seems to comply worth the company adopted safety standards. D. Growth perspective 1. Workers practice The company strives to ensure that workers do have the right knowledge in terms of safety at place of work, product safety and handgun as well as the importance of sustainability compliance in order to ensure that the corporate social responsibility is complete for the company. this is made possible by ensuring that the workers are trained by the outsourced expert in order to guarantee that the right knowledge in terms of triple bottom line sustainability compliance is effective at all times in the bylines. 2. ISO certification The company is striving towards a=achieving the ISO certification, this comes in hand the improved corporate social responsibility as well as safety at place of worker that create motivation to works 3. Review of product life cycle The company reviews its product cycle each year in order to ensure that the product quality and safety is met at all times as well as ensuring that the quality of the product meets the customer demand and satisfaction. 2. C suitable/reasonable indicators to measure the fulfillment of the objective A. Financial perspective 1. Cost reduction The suitable measure the appraise the suitability of the cost reduction objective is the use of budget that will depict the rate of variation between the actual and budgeted estimates so as to appraise whether the cost reduction measure is effective. 2. Preventive cost The suitable tool to appraise amount of fund set is by observing the real usage of the funds meant to cater for the risk of unknown as well as comparing the estimate in the budget with the actual cash employed in any given financial year. 3. Community enhancement To appraise the suitability of community enhancement, the appraisal tool that is deem relevant is by inspecting the extent to which the company is deactivated towards community activities as well as checking the company policy in relation to community development. 4. Sales of friendly product The company has installed latest technology that ensure that the product they produce is of highest quality and good c=to consume .moreover ,the company has a quality and control department that frequently appraise the standard of the product so as to ensure that only ideal product that is environmentally friend is produced.. B.Customer perspective 1. Support for customers The company has installed a 24/7 customer service bad to appraise it effectiveness, the company track data and complaint as well as critics from the customer in order to appraise the extent of the custoe,mr tracking in appraising the effectiveness of the customer support installed in the business 2.Product safety Product safety is important to the business survival. To appraise if performance of the product safety standard instituted and seems to be effective, the company frequently check the product life cycle so as to ensure that the safety of the product is fully met. 3. Post end user waste reprocesses The company has installed a recycled machine to ensure that the waste water is recycled so as to minimize waste water on the aquatic life and environment (Chai 2009). To check the suitability of the relying plant, the company performs frequent reviews of the efficiency of the recycling plant as well as check on the extent to which the community living around the recycling plant are contented with the extent to which the environment safety is guaranteed. 4. Charitable contribution The company appraise its project each financial year in order to appraise the extent to which the company is committed towards the benevolent contribution and compares with the budget estimate to check if the company is on the right path as far as commuyni9ty participation is concern. C. Internal process perspective 1. The environment performance To appraise the effective of the environment performance, the company has group of expert who frequently check on the extent to check the recycling plant and disposable product harm the enviropmentnt as well as appraise whether the existing parties to safeguard the environment seem to be working .frequent check up is significant. 2. Clean water The company checks the life of aquatic animal in appraising the effectiveness of the recycling plant. The community living around are best tool for measuring whether there measures instituted to safeguards the cleanness of water is relevant. Frequent checks on aquatic life and community critics helps the company to appraise their suitability of the recycling plenty and measures adopted to minims the effect of waste on water pollution. 3. Reduiced canon emission The company has installed effective manufacturing machine that ensure that there is less carbon realize top the atoms [hereto measure the effectiveness of the tool, the company perform frequent check on the product life cycle in order to clear understand every stage of production; line and i9ts impact on the atmosphere so as to ensure that there is maximum carbon emission control. Packaging reduction The comp[any packaging ,material is disposable ,to appraise the effectiveness of this, the company frequently obtain critics from the public concnr4ing their waste packaging gproductmin order to appraise the extent to which the packing material is good for environmental and aquatic life. Workers safety Safety at place of work is of paramount I important. The company safety department frequently visiting the place of worker in order to check the extent to which safety is put in place as well as to check whether the safety policy is being [practiced by entire employees. Satisfaction of the safety standards by employees is a good indication that the safety policy put in place is efficient and effective. Review of product life cycle The company reviews its product cycle each year in order to ensure that the product quality and safety is met at all times as well as ensuring that the quality of the product meets the customer demand and satisfaction (Bennett 2003). The frequent review provide an assurance as to the extent to which the product safety and standards is compiled by the company production line as well as the packaging material is disposable and safe for the environment. 3. The eventual impact/s of the indicator The impact of the indicator is that it will lead to maximization utilization of the laid down in dictators and consequently the safety of the people living around as well as the aquatic life will be respected. this is made possible since thief company frequently appraises its tool inn order to ensure that there is lilted carbon emission as well as the packaging material is disposable and safe to the enropemtn and also the safety of workers at place of work is at all tie observed. This will encourage workers motivation as well as improve production capacity and at the same guarantee on the safe working condition which is a requirement of the labor act (Ajay Pangarkar 2012). The indicators serve to ensure that the company full complies with sustainability conformity as well as the balance scored seems to be efficient in; providing a coordinated objective and prospective that ought to be followed in the company at all times. This will as well as guarantee business continuity in terms of survival in the competitive market by providing quality product that is safe for consumption consequential from frequent product cycle review as well as improved customer loyalty. Reference list Ajay Pangarkar, TK 2012, The Trainer's Balanced Scorecard: A Complete Resource for Linking Learning to Organizational Strategy, John Wiley & Sons, New York. Bennett, RSS 2003, Environmental Management Accounting — Purpose and Progress: Purpose and Progress, Springer Science & Business Media, Melbourne. Chai, N 2009, Sustainability Performance Evaluation System in Government: A Balanced Scorecard , Springer Science & Business Media, Melbourne. Graham Hubbard, JRPG 2014, Strategic Management, Pearson Australia, Australia. Naresh Makhijani, JC 2011, Creating a Balanced Scorecard for a Financial Services Organization, John Wiley & Sons, New York. Niven, PR 2005, Balanced Scorecard Diagnostics: Maintaining Maximum Performance, John Wiley & Sons, New York. Person, R 2013, Balanced Scorecards and Operational Dashboards with Microsoft Excel, John Wiley & Sons, New York. Robert Kaplan, DPN 2013, Alignment: Using the Balanced Scorecard to Create Corporate Synergies, Harvard Business Press, London. Savkin, A 2011, Your guide to Balanced Scorecard, Lulu.com, London. Read More