Nobody downloaded yet

Balanced Scorecard Assignment and Paper - Essay Example

Comments (0) Cite this document
The report will also undertake the evaluation of the opportunities for the business to attract more and more customers from the Market by introducing new innovative products, improved marketing techniques and employee and customer satisfaction programs.
First part of the report…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
Balanced Scorecard Assignment and Paper
Read TextPreview

Extract of sample "Balanced Scorecard Assignment and Paper"

Download file to see previous pages The report will also define the segments which need to be addressed by the baby shop in order to enhance its business.
The balanced scorecard is an extension of traditional financial measures. Financial measures are solely not enough as they only provide information about the past events. These were applicable for the companies in the industrial age when investments in long-term capabilities and customer relationships were not given any preferences. In the modern technological age only financial measures are not adequate. In order to remain competitive and successful in business it is important for a business to create future value through investment in customers, suppliers, employees, processes, technology, and innovation."  (Balanced Scorecard Institute, 2009) 
c. Customer value: Continuous customer support through online and telephonic support. With the changing business attitudes a need of rebounding between the customers and the business corporations is also felt. The call centers are seen as an important instrument in order to explain the sales executives what is being required by the customers in shape of products and services and hence improving the sales by targeting the actual requirements of the customers. The following advantages are attached with the use of call centers
There must be a continued effort to improve all business and production processes. Quality improvement projects, such as on-time delivery, order entry efficiency, billing error rate, customer satisfaction, cycle time, scrap reduction, and supplier management, are good places to begin technical techniques such as SPC, benchmarking, quality function deployment, and designed experiments are excellent for problem solving.
Employee involvement should be encouraged on every step of organisational planning, from decision making to implement change in the organisation. A program can be found effective when the employers guarantee the involvement of the employees at each ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Balanced Scorecard Assignment and Paper Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
Balanced Scorecard Assignment and Paper Essay Example | Topics and Well Written Essays - 1750 words. Retrieved from
(Balanced Scorecard Assignment and Paper Essay Example | Topics and Well Written Essays - 1750 Words)
Balanced Scorecard Assignment and Paper Essay Example | Topics and Well Written Essays - 1750 Words.
“Balanced Scorecard Assignment and Paper Essay Example | Topics and Well Written Essays - 1750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Balanced Scorecard Assignment and Paper

Balanced Scorecard Methodology

...? Balanced Scorecard As per reports, more than half of the most fortunate firms across the world make use of the Balanced Scorecard methodology. Like any other business process application, it acts as a catalyst and a platform for learning evaluating the operations of the business organization. It is a framework for merging various measures derived from strategy. This method takes into account the past performance while setting the drivers for future financial performance. The drivers are identified as customer, internal business process, and learning & growth perspectives, and are developed from the company’s strategy translated into objectives and measures. According to...
3 Pages(750 words)Assignment

Balanced Scorecard

...areas including customers, finance, business processes and learning and growth. Managers are usually engaged in collection of quantitative data and then analyzing it with the aim of making appropriate and long-term decisions courtesy of balanced scorecard technique. This paper will analyze five different papers, which have examined balanced scorecard through case studies, primary data collection and as well as secondary research. The papers have good insight on the applicability, advantages as well as the challenges of balanced scorecard in different organizational setups. The study will...
8 Pages(2000 words)Assignment

Balanced Scorecard and Ethical Issues

...? Balanced Scorecard and Ethical Issues SAC President SAC Financial Analyst February 10, Balance Scorecard & Ethical Issues of Performance Measure and Compensation system Theoretically, Balance Scorecard (BSC) can be referred as a measurement tool through which an organization can transform its vision towards tactical planning in order to attain its determined business objectives from four perspectives, i.e. its financial perspective, customer perspective, procedural perspective or internal business process and innovation or learning and growth perspective. Through this measurement tool, organizations are often observed to influence their...
7 Pages(1750 words)Assignment

Balanced Scorecard approach to Technology

...Balanced Scorecard approach to Technology Reliant Technologies is medium scale software solution provider that has several characteristics of its own. The company caters to the needs of various clients and hence there are various teams that work simultaneously in the company to deliver the final product within deadlines. A thoroughly structured Balanced Scorecard report would analyze the business from the different aspects and would provide an insight about the various growth opportunities that lie ahead of the organization. The report would analyze the various aspects of the business of Reliant Technologies which include the financial position, the prospective clients and the working standards of the processes and the capacity... their...
6 Pages(1250 words)Assignment

Applying Balanced Scorecard

...A Balanced Score Card Developed by two Americans Robert s. Kaplan and David P. Norton, a balanced scorecard is used to execute strategies in a business environment. It is meant to transform a plan into an achievement. According to Blokdijk (2008, p 109) the scorecard was implemented because the mode that was used to measure performance in businesses was not so good. Business managers mainly looked at the financial performances instead of looking on the customer relations, internal business process, learning, and growth of employees, which in turn bring about stable financial situation. Businesses were faced by unclear situations of distinguishing an important aspect from...
1 Pages(250 words)Assignment

Applying Balanced Scorecard

...Applying a Balanced Scorecard Applying a Balanced Scorecard A balanced score card is a planning and management tool that can be used by organizations to achieve their objectives and goals for the organization. In other words, a balanced scorecard assists managers evaluate or monitor their progress towards their organizations vision. A balanced scorecard usually adds non-financial assessment information on how an organization is meeting its strategy. As a result, a balanced scorecard has four categories: the financial, customer, internal business...
1 Pages(250 words)Assignment

Organization Balanced Scorecard

...solvency of the company. These objectives are in line with the vision of the company as they ensure which is offering low prices to the consumers. The company makes sure that it capitalizes on the large market by selling its products at lower prices. The need for a balanced scorecard in order to determine whether the company is headed in the right direction in terms of profitability cannot be understated. Therefore, this is done by measuring each objective in the financial sector with a quantified target metric that is associated with it. This process has helped companies understand their position and the weak and strong areas in the organization. In this way, the priority of the objectives can be...
10 Pages(2500 words)Assignment

Application: Implementation of the Balanced Scorecard

...APPLICATION: IMPLEMENTATION OF THE BALANCED SCORECARD Provide a critical analysis of M&R’s implementation of the balanced scorecard To better critique and analyze M&R’s implementation of the balanced scorecard, it is very important to first understand the core characteristics of this management tool so that it can be compared to what prevailed at M&R. First, quote (year) noted a typical balanced scorecard to be one that has its focus on the strategic agenda that the organization it is being implemented in seeks to achieve. Secondly, it is important that the balance...
3 Pages(750 words)Assignment

Strategic Planning Utilizing the Balanced Scorecard

...Strategic Planning Utilizing the Balanced Scorecard Section As per Kaplan and Norton, 90% of their fail "to integrate their strategic objectives into the daily operation of their organizations" (Harnett & Matan, 2011). Niven (2006) argues that only 5 percent of the employees understand the strategy of the organization. In other words, a vast majority of staff members cannot implement the strategy due to vision barrier. While other barriers to strategy such as resource barrier, the management barrier or for that matter, the people barrier are more tangible in nature and can be tackled more easily, vision barrier is rather intangible and requires a special effort to overcome it. Vision and strategy...
4 Pages(1000 words)Assignment

HR Scorecard

...HR SCORECARD Lecturer: The most outstanding benefit that can be associated with the use of HR scorecard has to do with the evaluative outcomes it provides the organization in terms of determining how well organizational strategy has worked for the human resource (Lawler, Jamrog & Boudreau, 2011). By extension, the evaluative outcomes that are gained help the organization in making several decisions concerning the human resource, including training, placement and promotions. Once the organization is made aware of how best its strategies work for the human resource, there are a number of people-focused competitive advantages that can be derived. As noted by Becker, Huselid and Ulrich (2001), a company has...
1 Pages(250 words)Assignment
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 Essay on topic Balanced Scorecard Assignment and Paper for FREE!

Contact Us