Balanced Scorecard Strategy For Dummies - Assignment Example

Comments (0) Cite this document
The paper 'Balanced Scorecard Strategy For Dummies' focuses on one of the pitfalls which are the use of inexperienced personnel or team to conduct the performance measurement process that will not know exactly what to measure and hence jeopardize the whole process…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Balanced Scorecard Strategy For Dummies
Read TextPreview

Extract of sample "Balanced Scorecard Strategy For Dummies"

How do you determine what is important to measure in an organization?
There are several determinants of what to measure in an organization. One of the determinants is the goals and objectives set for the organization. The aim of the organization from its inception lies in the goals and objectives. In order to, therefore, determine if the aim is being fulfilled, measurement of the performance against the set goals and objectives is necessary (Hannabarger, Buchman and Economy, 209).
Another determinant is the strength and weaknesses of the organization. These are important in determining measurement because they reflect the true nature and state (financial or otherwise) and measurement of these will point the organization to its next direction and steps. Additionally, the threats being faced by the organization are also determinants of measurement if the organization is succeeding in the future.
Finally, the specified mission and vision of the organization also act as effective determinants of performance measurement. This is because they involve the future of the organization and its success or failure. The mission and vision are what give the organization a brand name and distinguishes it from its competitors and it is, therefore, necessary to measure whether that is still the truth (Hannabarger, Buchman and Economy, 218). Read More
Cite this document
  • APA
  • MLA
(Balanced Scorecard Strategy For Dummies Assignment - 7, n.d.)
Balanced Scorecard Strategy For Dummies Assignment - 7. Retrieved from
(Balanced Scorecard Strategy For Dummies Assignment - 7)
Balanced Scorecard Strategy For Dummies Assignment - 7.
“Balanced Scorecard Strategy For Dummies Assignment - 7”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Balanced Scorecard Strategy For Dummies

Health Administarion

...?HEALTH ADMINISTRATION Health Administration Word Count: 750 Write a 750-word reflection essay on the influence of entrepreneurship in health care. This is an opinion essay, so references are not necessary; however, be sure to provide references should you use a specific example or resource in your essay. Address the following points in your essay: a. Name the positive and negative ways that entrepreneurship has affected the health care field. b. Include an example of a recent health care business, with which you are familiar, that has changed the way health care staff do their jobs or the way patients receive services. There are several...
3 Pages(750 words)Essay

Balanced Scorecard

...? Balanced scorecard [Semester] Balanced scorecard Introduction A balanced scorecard is a performance measurement tool used in strategic management to discover and develop a variety of internal processes as well as assessing of the impacts of the external factors. In particular, the purpose of this technique is to measure and assist organizations in the implementation of their goals and strategies. The balanced scorecard method is used by organizations for different purposes including strategic planning, organizational and strategic positioning, improvement of communication and...
8 Pages(2000 words)Assignment

Balanced Scorecard and Strategy Map

...Designed Balance Scorecard 5 Balance of Balance Score Card 10 Strategy Map 12 Links within Each Perspective and the objectives 13 Recommendation 14 Balance Score Card: A Critical Analysis 15 Limitations of Balance Score Card 16 Works Cited 17 Name of the student Name of the professor Course number Date Introduction Chevron Corporation is a multinational energy corporation whose headquarter is located in San Ramon, California. The company operates in more than 180 countries and is engaged in gas, oil and other geothermal sectors including production, exploration, marketing, chemicals manufacturing and power generation. It...
10 Pages(2500 words)Coursework

Health Administarion

...Health Administration Introduction The U. S. health care system is regarded to be inadequate to deal with problems faced currently and it can therefore not effectively deal with problems that may arise in future. This has led to a great need of improving health care quality. Measuring and revising quality program implementation requires a combination of both technical and scientific competence as this will make it possible to identify appropriate performance levels and statistical analysis. Levels of performance have to be consensus based to ensure they have an optimal impact of improving health administration procedures. The state of the health care...
2 Pages(500 words)Case Study

Health Administarion

...Health Administration Affiliation: Executive Summary This research is based on the need to have a detailed quality improvement plan for this health care organization that would ensure not only the comfort of terminally ill patients and also as a sustainability measure for this organization in the long. All these will be done without compromising the health of the patients or the standards of a health care facility (McLaughlin and Kaluzny, 2006). In order to ensure the above issues are fulfilled and become a success in improving the overall quality if this health care facility, it is important to familiarize and remember the mission, goals and objectives of this organization and ensure that whatever changes will be suggested about... the...
9 Pages(2250 words)Essay

Health Administarion

... Nursing A preceptor is assigned to the role and a mentor earns the status A preceptor acts the role of a specialist in healthcare profession and provides the novice with practical training whereas a mentor’s duty is to assist his/her trainees with proper guidance and training. A preceptor is assigned to the role in order for performing his/her job responsibilities. The scope of preceptor relationship is limited and he/she is obliged to perform his/her professional duties and responsibilities only. Furthermore, this relationship may not generally continue after the completion of precentorship. In contrast, a mentor has a variety of roles such as an educator, role model, and friend to perform. In addition, the mentor relationship... Nursing A...
1 Pages(250 words)Essay

Health Administarion

...Health Administration Nursing is an inevitable aspect in the healthcare sector. Preceptors play a great role in developingnovice nurses to a highly professional standard. “I feel that a preceptor should be a positive role model for the profession and possess the skill and expertise to train novice nurses”. To illustrate, a person who has been trained improperly can never be a good nurse. Subtle theoretical and practical knowledge is essential to become a recognized nurse. Evidently, nursing is a profession that demands a lot of commitment; and this is something which nurses must gain from their preceptors. As nurses require good knowledge regarding human body and medications, it is essential that they must get trained by...
1 Pages(250 words)Essay

Health Administarion

...Answer The major initiatives introduced within my healthcare organization for improving performance was fortnightly reflection report and monthly self assessment of the activities and outcome. The assessment emphasized the adaptability to changes and approach to tackle new issues and cases. The reflective practices proved to be of great help to the employees. It helped them to accept change with more understanding as it was having significant impact on their work performance. The self assessment questionnaire facilitated the supervisors to assess their work competencies and shortfalls. This helped them to take skill development programs and improve their performance. Most importantly, the reflective practice encouraged them... The major...
1 Pages(250 words)Essay

Health Administarion

...that if infections are occurring as a result of the routine procedures of the hospital, then the hospital staff is certainly compromising upon the health and safety of the patients and the quality of service is not up to the mark. This is what makes a hospital bad. In order to provide the patients with a high quality care, it is imperative that a hospital maintains cleanliness in the tools and equipments, so that they can be used to cure the patients’ diseases rather than aggravating them. Hospitals can bring positive changes in the system by implementing proper system of quality control and quality assurance wherein the duties and responsibilities of the staff are clearly defined. This helps eradicate ambiguities and...
1 Pages(250 words)Essay

Health Administarion

...Health administration Medical error refers to an adverse effect on patient care due to inaccurate or incomplete medical diagnosis, wrong patient identification, or medical documentation during drug prescription. Medical error can occur in many areas in the healthcare system such as hospitals, pharmacies, nursing homes and medical laboratories. Some common errors include improper treatment, delayed test results and wrong drug prescription. Health administration Introduction Medical is a leading cause of patient injury and deaths in the United States of America. Medical error is a mistake that could lead to patient death or cause the patient to undergo further unnecessary medical procedures in order to...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Balanced Scorecard Strategy For Dummies for FREE!

Contact Us