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We have over 355 essays for "Balanced Scorecard"

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Balance Scorecard for Fatura Business Organizations Operate

Words: 1071 Length: 3 Pages Document Type: Essay Paper #: 92844668

Balance Scorecard for Fatura

Business organizations operate with the sole objective of effectively utilizing the input factors in order to maximize on the output. For this case, output is measured in terms of performance, which, essentially relates to the profits or customer satisfaction. In the industrial age, most managers relied heavily on conventional financial metrics as the only strategic measure to align the activities of the organization to the goals and objectives of the same organization. However, this perspective has gradually shifted in the information age. Balanced scorecard is the most recent strategic tool that most organizations currently use in their planning and management activities. It is crucial as far as the alignment of the business activities to the objectives of the firm, boost both internal and external communications, and assess the organization performance relative to strategic goals. BSC is classified into four quadrants that include customer, financial, internal business…… [Read More]

References

Kaplan, R.S., & Norton, D.P. (1992). The Balanced Scorecard: Measures That Drive Performance. Retrieved June 18, 2008, from http://library.tmu.edu.tw/news/%5BHarvard%20Business%20Review%20-%20January-February%201992%5D%20-%20Kaplan%20&%20Norton%20-%20The%20Balanced%20Scorecard%20-%20Measures%20That%20Drive%20Pe.pdf

Kaplan, R.S. & Norton, D.P. (2004). Measuring the strategic readiness of intangible assets. Retrieved May 17, 2010, from  http://www.cma-slp.com/onlinelibrary/OL_English/Strategy%20Implementation/Management%20Accounting/MeasuringTheStrategicReadinessofIntangibleAssets.pdf 

Niven, P. (N.D.) Learning and Growth perspective. EPM Review. Retrieved May 17, 2010, from http://www.epmreview.com/Resources/Articles/Learning-and-Growth-Perspective.html

Gumbus, A. & Johnson, S.D. (2003, July). The balanced scorecard at Futura Industries. Strategic Finance. 85(1). 36-42. Retrieved May 17, 2010, from  http://proquest.umi.com/pqdweb?sid=1&vinst=PROD&fmt=6&startpage=-1&clientid=29440&vname=PQD&RQT=309&did=370139621&scaling=FULL&vtype=PQD&rqt=309&TS=1226799369&clientId=29440
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Balance Scorecard and Its Relationship

Words: 1272 Length: 5 Pages Document Type: Term Paper Paper #: 94857442

This particular perspective is used in the accurate identification of infrastructure that a given company must acquire so as to compete in the future dynamic and highly competitive global market place.

The Balanced Scorecard has not just been praised for its theoretical soundness but has actually produced real results. Prickett (2003) noted that in 2003, a study that involved 35 firms in the UK proved that the best performance measurement strategies were implemented by firms that employed the Balance Scorecard approach of measurement. This study further indicated that companies that had been successful in their measurements because the Balanced Scorecard approach successfully identified certain critical indicators after a thorough consultation with all sectors of the firm's business team (including the lower level and the front line employees).

Extant literature on the Balanced Scorecard approach have shown a constant praise of the model. This is because as noted by Hagood and…… [Read More]

References

Arora, R. (2002) "Implementing KM -- a balanced score card approach." Journal of Knowledge Management, 6 (3) 240-9.

Drury, C (2007).management and Cost Accounting. Cengage Learning EMEA

Gadenne, D. (2000) "Brave new world: how can business meet new challenges in the 21st century?" Inaugural professorial lecture delivered on September 6, Central Queensland

Hagood, W.O. And Friedman, L. (2002) "Using the balanced scorecard to measure the performance of your HR information system." Public Personnel
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Sustainability Balance Scorecard Analysis

Words: 2973 Length: 10 Pages Document Type: Essay Paper #: 17017392

Sustainability Balanced Scorecard

The balanced scorecard is a tool for management that supports the positive execution of strategies instigated by the corporation. This report makes the aim to assist Wave Master Limited Company (WML) with the further analysis of sustainability. In particular, the report comes up with a strategic map for the company's objectives and thereafter creates a scheme for the formation of a sustainable balanced score card (SBSC). These strategic objectives are categorized in accordance to the perspectives of the SBSC that is suggested. The study goes on to further offer justification as to why such strategic objectives were classified and categorized in that particular manner. In concurrence with assignment two, we make the assumption that the sustainability reports and analysis made previously are appropriate and suitable to be used for this study. In developing the sustainable balance score card, the approach used in this study is that of…… [Read More]

References

Armitage, H.M., & Scholey, C. (2006). Using Strategy Maps to Drive Performance. CMA Canada.

Butler, J.B., Henderson, S.C., & Raiborn, C. (2011). Sustainability and the balanced scorecard. Management Accounting Quarterly, 12(2), 1-10.

Esau, G., & Malone, M. (2013). CSR in natural resources: rhetoric and reality. Journal of Global Responsibility, 4(2), pp. 168-187.

Figge, F., Hahn, T., Schaltegger, S., & Wagner, M. (2002). The sustainability balanced scorecard -- linking sustainability management to business strategy. Business strategy and the Environment, 11(5), 269-284.
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Core Competencies Balance Scorecard

Words: 653 Length: 2 Pages Document Type: Case Study Paper #: 30025965

Miley Cyrus

The core competence analysis emphasizes whether an organization has unique selling points that will help it succeed in business. These are relevance, difficulty of imitation, and breadth of application (MindTools, 2013). Miley Cyrus scores well on all three counts, which means that she has the core competencies needed to succeed in the entertainment performer field.

Cyrus has maintained a high degree of relevance, which is critical to success as a popular entertainer. She parlayed a high level of exposure in a role as Hannah Montana into an adult music career. In particular, she has taken steps of late to cement this transition both for her fans and for the media. Had she not taken these steps, her relevance as a child performer who is no longer a child would be in steep decline. By re-inventing herself as a mature performer in the mainstream she has improved her relevance.…… [Read More]

References

Marr, B. (2013). What is a balanced scorecard? Advanced Performance Institute. Retrieved November 18, 2013 from  http://www.ap-institute.com/Balanced%20Scorecard.html 

Mind Tools. (2013). Core competence analysis MindTools Retrieved November 18, 2013 from  http://www.mindtools.com/pages/article/newTMC_94.htm