Sustainable Balanced Scorecard to Bobster - Example

The strategic objectives of Bobster and their main connections 1. the strategic map of Bobster 2. Sustainable Balanced Scorecard to Bobster Growth perspective Customer perspective Financial perspective Internal process perspective Employees practices Customer services expenditure cutback Environment safety ISO Certification Product Quality standards Remediation cost uncontaminated water appraisal of the product life cycle Post end user waste reprocess precautionary cost Cutback on carbon emission benevolent contribution Community engagement Packaging reduction Safety product Workers safety 2. A Balance score card The balanced score card is deem significant to the company since the skills of real impact of the activities relative to the entry of the global ability to sustain the effect and the capacity to develop and as well as operate within the threshold (Ajay Pangarkar 2012). The is type of balance score card is significant to the business due to newness of the company as well as the growing market and the centre on creating and innovation. The company requires to be able to adopt to change as well as it should link with nature, the society and capital. The adoption encompasses integrity and innovation. The involving the dissimilarity between the impact on major asset finance and the threshold of the present significant asset that the investor reliance on so as to ensure that their wealth is maximized. 2. B. classification of strategic objective into perspective of SBSC A. Customer perspective 1. Product safety The company is committed towards to ensuring that the product they produce is safe for consumption by making sure that the product cycle is a review so as to guarantee on the production process on product safety. 2. Post end user waste reprocesses The quality of packing material employed by the company is intended to ensure that is disposable and seem to be econ-friendly the waste water is recycled as well as ensure that the carbon emission is less to the atmosphere. 3. Support for customers Customer after sell service is mandatory to the business. The company is dedicated ensuring that the is full support for the customer by having customer support department in order to serve the need for the customers. 4. Charitable contribution Contribution to community development is one of the company main commitment. The company set aside huge funds for benevolent funds meant for the community enhancement since, community participation is important to the success of the business. B. Growth perspective 1. Workers practice The company committed to making sure that its employees pose the best skill’s by way of safety at place of work so as to ensure that every worker is motivated and by ensuring that sustainability compliance is important to the business success as well as conformity with corporate social responsibility. 3. Review of product life cycle Appraising the product standard by easy of product cycle is important in order to ensure C. Internal process perspective 1. The environment performance The safety of the people living around is important in order to ensure that the compliance with sustainability important. This important since, the life of people living around is significant. 2. Clean water The company is committed to ensuring that the aquatic life and people living around have clean water (Burritt 2011). This is made possible by ensuring that the recycling plant in the company is fully working effectively as well as the released water in the river does not harm the aquatic life and people l9iving around. 3. Reduced carbon emission This is made possible by ensuring that the production cycle for the company is reviewed each so as to ensure that the waste emission is reduced drastically. This is because the effect of carbon emission in recent as impacted the ozone layer an increased the global warming. Packaging reduction The packaging material is meant to be eco-friendly in that it should be disposable while at the same ensure that it doesn’t harm the living environment. As a result, the company frequently checks the impact of its disposable material in order to certain of their effectiveness in complying the sustainability standards. Workers safety The company is committed towards safety standard is fully exercised in the place of workers as well as being certain that employees are motivated by the safety standards set by their company.. D. Financial perspective Under this strategic objective of the company, the company will focus on the following objective 1. Cost reduction To minimize the cost to the business, the company is committed to ensure that only relevant cost is incurred. This is made possible by following the flexible budget employed by the company so as to avoid the unnecessary cost to the company. 2. Precutionay cost Every company is susceptible to business risk. To cater for the future of unknown, the company as set aside funds as preventive cost so as to cater for the effect of unknown such as the effect of inflation that might affect business operation. 3. Community enhancement The company may set some funds to cater for community enhancement since, the company main sustainability compliance is to ensure that the community enhancement is improved 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 product 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. This is made possible by ensuring that the product expiry date is clearly and trustfully 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. 2. C reasonable indicators to measure the fulfillment of the objective A. Customer perspective 1. Charitable contribution The contribution towards community development is a sgifnciant indicator for appraising the extent to which a company’s committed towards involving the community in sustainability. The extent to which the company is involved in the community participation is appraised by the extent to which the funds set aside as benevolent are employed. 2. Product safety The company ensures that there is an effective review of the product life cycle in order to ensure that the product safety is met (Chai 2009). Frequent review of the product safety by appraising the cycle will provide and assurance as to the extent to which the product is fit for consumption. 3. Post end user waste reprocesses The recycling plant instituted in the business significant since it reduces the rate of waste to the water. 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. 1. Support for customers The customer care will provide data and information relevant that can be issued to appraise the performance as well as the extent to which sustainability compliance is appreciate by the company As far as the customer support 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 relying plant and disposable product harm the environment as well as appraise whether the existing practice to safeguard the environment seem to be working. Frequent check up is significant. 2. Clean water To ensure that the water in the river is clean consequential from recycling the waste water, the company checks the life of aquatic animal by taking the sample of water in the river and the animal so as to appraise the recycling plant is effective in terms providing effective environmental for the community living (Eddie N. Laboy-Nieves 2008). Frequent appraisal of marine life and society condemnation helps the business to assess their appropriateness of the recycling plant and measures adopted to reduce the impact effect of waste on water pollution. 3. Reduced carbon emission To appraise the suitability of the sustainability on carbon emission. The company has employed the best manufacturing process that will aid in minimize the excess relies of carbon emission to the atmosphere as well as the frequently appraisal of the product cycle. Packaging reduction To appraise the effectiveness of improved packaging material, the corporation often obtains censure from the public relating their waste packaging production order to assess the extent to which the packing material is good for the society and the ecology. Workers safety Safety at place of work is of supreme significant to the corporation safety division normal checks in place of worker in order to ensure the scope to which safety is put in place and to confirm whether the safety strategy is being practiced by entire workers. Contentment of the safety standards by workers is a superior sign that the safety standards put in place is well-organized and effectual. 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 (Filho 2014). The frequent review provides an assurance as to the extent to which the product safety and standards is compiled from the company production line as well as the packaging material is disposable and safe for the environment. C.Financial perspective Sales of safe product The frequent review of product cycle as well as sophisticated product machine ensures that the product is safe for consumption as well as it doesn’t harm the environment. (Graham Hubbard 2014).the presence of quality control review ensures that the product standards and safety is met at all times in order to ensure that they deliver the right product to the consumers in terms of safety. Preventive cost The company appraises the preventative cost by checking on the extent to which precautionary fund is being utilized. This provides a solid evidence of the suitability of the objective and as well as helps in appraising on the extent to which the funds should be set aside. Community engagement The company employs the critics check from the public in order to appraise on the extent to which the company involved in community development is achieved. Where employs are contented with the company participation in community developing provides an implication that the existing policy that caters for community is effective. Cost reduction The suitable technique of assessing the appropriateness of the cost cutback objective is the use of financial plan that will portray the rate of disparity between the authentic and budgeted estimates so as to evaluate whether the cost reduction measure is successful. 3. The impacts of the indicators The indicators serve to guarantee that the corporation adheres with the requirement of the sustainability requirement as well as the balance scorecard of the company. The net advantage is that it aids in ensuring that the going consumption of the company is effective and thus the company can as well as outstand the fierce competition from both the local and global competitors. this is made possible only ensuring that the product they produce is of highest quality that meets customers demand and expectation and that as well as comply with the standards of the environment safety in terms of disposable packaging material. The impact is that the company will capitalize on the objectives and thus the safety of the society is guaranteed by company need for frequent review of their product cycle and the safety standards in terms of packaging material and the recycling plant that will guarantee less carbon emission and toxic waste to the river. The safety of employees at place of work is eminent since workers motivation in terms of safety and safe working environment will encourage them to work which consequently each as the production capacity (Grünewälder 2009). 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. Burritt, R 2011, Environmental Management Accounting and Supply Chain Management, Springer Science & Business Media, Melbourne. Chai, N 2009, Sustainability Performance Evaluation System in Government: A Balanced Scorecard , Springer Science & Business Media, Melbourne. Chai, N 2009, Sustainability Performance Evaluation System in Government: A Balanced Scorecard Approach Towards Sustainable Development, Springer Science & Business Media, Melbourne. Eddie N. Laboy-Nieves, FCSAAMFAG 2008, Environmental Management, Sustainable Development and Human Health, CRC Press, London. 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