Essays on Balanced Scorecard

Strategic Plan (January 2017 to December 2019)

The organization’s new strategy will outline its activities until 2019. It reflects on the organization’s opinion on some of the problems affecting the VCSE (Voluntary Community and Social Enterprise organizations) and the organization’s goal for transformation. The strategic plan pronounces the roles that the organization will assume in steering and assisting the sector in their attempt to mitigate these problems and take advantage of new openings as they occur. An increased demand for the organization’s services, as well as the harsh funding options, obliges the organization to be creative and function across sectors. In working ...

Introduction

It is the role of every employee and the management of a firm to ensure that the firm succeeds. To make sure that a firm succeeds, there are ways through which the firm can track its performance. These ways are performance management system and the balance scorecard process. CliftonLarsonAllen is an example of a firm in the United States that uses these two methods to track its performance.

Performance Management

Performance management is the process through which all employees and their staff join hands and work together to strategize, monitor and track the performance of every employee in the firm, the ...

Collecting qualitative and quantitative data to evaluate quality improvements

When it comes to making assessments in the organizational progress, there is need for one to ensure that there is enough data that can be used to gauge the trends. Such data should be qualitative as well as quantitative. Quantitative data involves the numerical values that provide numerical characters for instance the number of clients served in a day. Qualitative data is non-numerical but gives detailed description. These kinds of data can be collected from the people within the organization especially rom departments such as human resource, auditing and much more.

Significance of evaluation

Evaluation in the organization has some importance because ...

Value Chain

The objective of analyzing Monster’s value chain is to make a product that will become popular to its customers, which includes not only the production segment but also marketing and distribution (Horngren and Data, 2015). This is because products will eventually need to be discontinued due to changing customer preferences and product innovation from competitors. This means that the company’s core operations and its products must continuously evolve and this could be done using the value chain analysis tool. For an energy drink company like Monster, one of its main goals is to continuously adapt to the ...

The team has successfully identified that the Cruising Critters Company is willing to grow more. For that, they follow the strategic plans and effective strategies to accomplish their targets. It is analyzed from the discussion that the specification of the balanced scorecard is quite impressive as it is in the detailed and managed form. There are segments of the requirements in the balanced scorecard. Herein, it should be noted that the balanced scorecard is a strategic planning and management system that is usually used by the organizations to improve the overall performance. It helps to improve and manage the ...

Final Business Plan

Executive Summary 3 Introduction 4

SWOT Analysis 6 Balanced Scorecard 9 Organizational Assessment 9 Mission 10 Vision Statement 10 Value Statement 10 Strategy and Tactics to realize Strategic Objectives 10 Marketing Strategy 11 Monitoring and Control 11 Ethical Issues including Legal and regulatory Issues 11 Corporate Social Responsibility 12 Conclusion 12

References 13

Executive Summary The Eco Food Company was incorporated in the year 2012 as an entity to provide eco-friendly and high-quality food to the consumers. The sales were executed against the orders gathered. However, with the help of its talented and dedicated staff, the organization was able to attain ...

Introduction

Lens Crafter was founded by Dean Butler in 1983, and it is headquartered in Manson Ohio. Dean had an idea of creating frames in an hour which was convenient to the customers. The company has an onsite lab where clients can pick lenses and a frame then have the final product made in less than an hour. The company has grown to be the leading retailer in optics with more than 900 stores and almost 15000 associates in the U.S. and Canada (Tocquigny, 2012 ).

It is important for all companies to have an operational strategy. An operational strategy refers ...

Balanced Scorecard

Most business managers and owners are concerned with the future performance of their ventures, particularly with respect to non-financial aspects of the business. As such, managers in various business organizations and non-profit institutions have embraced the use of different management strategies that can enable them to measure the trends in the performance of their businesses. One of the management strategies that are widely applied by most industries and other business organizations is a balanced scorecard. Essentially, this card entails a management and business planning system that accommodates the non-financial aspects of the business. It takes into account aspects like ...

Executive Summary

The business plan consists of relevant sections that are useful in introducing new products or services in the market. Traffic Lights offers trips to various European countries, and now it is intended to introduce new trip to Asian countries. The new division is based on the vision and mission of the company that is to provide high-quality products and services to all types of customers. The proposed business model for Traffic Highlights is simple that it requires extending its product line by introducing a new division of the business. The preposition value statement of the company is clear that ...

Assignment 3-2: Strategy Formulation

Franklin University BSAD 495: Business Strategy Capstone Strategy Formulation Strategy formulation develops into a key construct within an organization as it facilitates the development of strategies geared towards promoting organizational growth as stipulated within the organization’s vision and mission statements (David et al., 2004). Strategy formulation develops from the existence of need within the businesses, which hinders potential development and growth. The strategy formulation process is initiated upon the identification of the problem and consequent development of several measures geared towards countering the existent problem. The study will integrate an analysis of several potential strategies, which may facilitate ...

Financial Planning, Management and Decision Making On Project and Corporate Levels

Every sound decision-making process within an organization requires detailed information to eliminate any elements that might result in losses. At the very heart of a company’s success is its strategic planning and finances. Management teams depend on the financial muscle of an organization to thrive, but the strategic plan is more essential in creating a clear roadmap for operationalization of the goals of an organization. The strategic planning element is an essential aspect of decision-making owing to the fact that it depends on analytical models to create a realistic view of a firm (Blank, 2013). The financial plan ...

Abstract

This paper intends to evaluate a case study that proposes Nestle with business plan. The case focuses on various essentials such as strategy formulization, SWOT analysis, and Porter’s Five Forces Model to generate insights and develop systematic framework accordingly. However, clear mission and vision is absent, which introduce various ambiguities in plan. Over the years, Nestle faced various environmental challenges that altered decision-makings and corporate earnings. However, the company has some strong competitive advantages and competencies that differentiate their products from competitors. Among these advantages, research and development (R&D) activities is a noticeable investment made by Nestle. The ...

Introduction

Ethics are very vital to the smooth running and maintenance of a great image of a company to the customers and other stakeholders. This means that ethics have to be incorporated into the culture and running of an organization so as to improve the relationship between various interested parties in the company. The involvement of ethics, therefore, guarantees the connection of the employees to each other, the company to the customers and the larger society. This means that the absence or a lapse in the ethics of the organization can lead chaos in the general running of the organization. ...

Samsung Electronics

The name of the company is Samsung, which is a multinational conglomerate company. The link to the original website is www.samsung.com.

BACKGROUNG and HISTORY

Samsung is headquartered in Samsung Town, Seoul. The South Korean multinational conglomerate has numerous subsidiaries and affiliation with several businesses. The largest chaebol of South Korea was founded in 1938 by Lee Byung-chul. The business started as a trading company, but the group expanded itself by diversifying into areas such as textiles, insurance, retail, securities, and food processing. In the late 1960s, the company stepped in the electronic industry. Samsung was separated into four groups in 1987 following ...

Executive Summary

The purpose of the paper is to create marketing plan for the new service of existing business division. Johnson & Johnson was selected because it is recognized as one of the most successful and expensive in the world. Producing different devices and products, the company can organize the service care, for example, through the creation of separate service division. The main direction can be at first in the gynecological segment as it manufactures a wide range of products for women, including Gynecare line. Company’s mission, vision and values described in its Credo were analyzed for the new business division. ...

Quality control - is one of the main functions in the quality control process. The value of monitoring is that it allows to detect errors in time, to correct them quickly with minimal losses. Actually, Quality control is carried out by comparing planned quality indicator with actual quality indicator. Quality control lies in checking the quality by detecting deviations from the planned values. In the case of such a deviation it is necessary to find the cause of its appearance, and after adjusting the process to verify again a compliance of adjusted quality indicators with planned quality indicators. Frequent ...

Part 1

Milton manufacturing is facing a number of issues that include: Inaccurate costing of tables and chairs, there is an equal allocation of overheads to chairs and tables resulting in the chairs being allocated more than a fair share of the overheads while the tables under absorb overheads. Resistance to change, Mr. Smith is reluctant to change the costing techniques arguing that they have traditionally allocated overheads to tables and chairs equally. The organization has a closed climate where employees are not able to freely communicate. For instance, Mr. Smith tends to dominate the meeting and members are afraid of ...

Organization today are more focused on hiring and staffing skilled personnel that are able to provide quality service leading to the realization of predetermined objectives. This is done through developing hiring and staffing metrics to measure the quality derived from these processes used in obtaining skilled employees (Phillips and Stanley 40-76). This paper will therefore address matters on having measurements for staffing and hiring, providing definition of the measurement, establishing a target, identifying the balance scorecard category, connection to a corporate strategic objective metric and identifying the stakeholders. There is no one specific metric that can be used to ...

Chapter 1

1.0. Introduction The researcher followed a survey which was given out to the employees within magic care solutions care home. The researcher seeks to find out if the management within magic care is very effective. It was done through an analysis method which comprises of qualitative and quantitative. The analysis was built on primary data which was carried out through doing a questionnaire on effective leadership within magic care homes. The questionnaires were given out to staff within the care home. The results of the respondents was converted to qualitative data Leadership styles can be different with all different ...

The article Samsung Makes Aggressive Play for Emerging markets by Jonathan Cheng appeared in the wall street journal on April 6, 2016. This article addresses the steps that Samsung has made to stay ahead of its competitors in the global market, and especially within the Asian continent from where Samsung products are manufactured. The electronic company is winning back customers by cutting down most of its products prices. The South Korea's tech giant has focused more on cheaper gadgets to reach a wider market. The company has set out to compete favorably with Micromax Informatics Ltd, an Indian company ...

A balanced scorecard is a performance monitoring tool, consisting of design methods (financial and non-financial measures) that keep track of the organization’s strategy and observe the consequences of an action in relation to the company’s vision. The scorecard is not to be used as a strategic tool on its own, rather is co-existent with already established strategic planning systems. The Balanced Scorecard framework creates an equilibrium between external and internal measures, financial and non-financial measures and performance outcomes and subsequent tools for future outcomes by clearly defining perspectives that govern its success (Noreklit 2000). The interdependence of ...

Integrative Research Project

Abstract This research project aims to establish how the organization can increase its competitive advantage by requiring supply chain vendors to meet ENOC’s standards. A qualitative research methodology was used, and the research design is to carry out semi-structured interviews over the telephone. The semi-structured interview allowed interviewees to expand on their thoughts and experiences while the researcher guides the conversation to say on the topic. Interviews were performed over the telephone with employees at ENOC and employs with ENOC’s supply chain vendors to collect data. The data analysis was carried out by evaluating the results of ...

About the paper

The paper is commissioned to discuss the utility of the Balance Score Card, which is turning out to be a revolutionary management tool over the past 25 years of its establishment. A one of a kind management tool that balances the organizational objectives within the spectrum of financial as well as non-financial considerations, has been adopted by organizations around the world. However, the adoption of balanced scorecard does not guarantee success as it depends upon the characteristics and organizational architecture of the company that is adopting it. In this paper, we will discuss two real life scenarios citing the ...

Abstract

A balanced scorecard refers to the management system and strategic planning tool used broadly in industry, government and nonprofit organizations across the globe. Its application seeks to better align operations to the specific strategy and vision of an organization, to improve both external and internal communications and to monitor an organization’s performance alongside those strategic objectives. The scorecard was first was introduced back in the early 1990s by Norton and Kaplan of Harvard School. More than half of the key companies in the US, Asia and Europe currently employ the scorecard approach, with its use on the rise ...

Introduction

Supply chain efficiency measurement plays an imperative role in enabling organizations take corrective efforts in case of persistent issues in the supply chain. The measurement techniques look for ways through which suppliers, stores personnel, manufactures and marketers could come together to improve ways through which quality products are produced and supplied to the right customers, at the right time and the preferred locations. The supply chain framework includes significant processes such as how to plan, source for the raw materials, produce and then deliver to the targeted customers. This implies that it is only through effective management of the ...

Business

Research Paper: Literature review Devising business models that meet the customers’ demands, satisfy regulatory agencies and carrying out business with sustainable methods to alleviate climate change and other environmental problems as much as possible (Boons et al., 2013; Lee & Casalegno, 2010). The types of methodologies addressed here have been implemented at ENOC or in the UK energy sector. At the heart of the management methods is customer satisfaction. Emiratisation, customer satisfaction and operational theory are seen as the potential answer to meeting new management milestones for Emirates National Oil Company (ENOC). Emiratisation is a UAE government initiative to reach ...

Abstract

A balanced scorecard refers to the management system and strategic planning tool used broadly in industry and business, government, as well as nonprofit organizations across the globe. Its application seeks to align operations to strategy and vision of an organization, improve external and internal communications, as well as monitor an organization’s performance alongside the strategic objectives. The scorecard was first was introduced back in early 1990s by Norton and Kaplan of Harvard School. Currently, over, half of the key companies in US, Asia and Europe apply the scorecard approach, with its use increasing in those regions and in ...

Abstract:

The paper below examines the Pacific Systems Corporation case study. From the case, Pacific Systems Corporation is a technology manufacturer. The company outsources different parts and assembles them in its factory. This paper therefore provides the recommended sourcing strategies for the company. From the case, four suppliers have been shortlisted as possible suppliers for this case. Of the four possible suppliers, two are located in the United States and two are located in Asia. Pacific system wishes to source for DVD dries for its new line of computers. It is estimated that 500,000 pieces will be sourced in ...

Introduction

Total quality management involves the management approach whereby, a firm’s long term success is dependent on customer satisfaction. This approach is for the customer focused organizations that build their strategies around ensuring that their customers are top priority. This is achieved by improving the quality of products, processes, services and the overall work culture. Total quality management uses strategies, effective communication, and data to ensure discipline that will lead to goal achievement. The main elements of total quality management are strategic planning, effective communication, continual improvement; customer focused assessment and fact-based decision making as well as a process-centered ...

A job description provides a clear, brief, representation of the duties and requirements for a job. My dream job is being a Financial Analyst with the following jobs description (Mader-Clark, 2013, p. 3).

Financial Analyst Job Description

Job Summary The job will involve analyzing financial data, forecasting future performance, giving advice to the management on how to drive performance and improve policies (Parker+Lynch, 2015).

Key Responsibilities

The day-to-day responsibilities of the jobholder will include: Analyzing past and current financial data and performance (Parker+Lynch, 2015)

Preparing reports based on the analysis to support key decision making

Appraising new investment opportunities and giving recommendations to the Board Exploring various sources of finance and making recommendations on ...

Accounting practices in the United States have improved over the years, due in large part to major reforms enacted after the 1990s Enron and WorldCom scandals, and again following the 2007-2008 financial crisis. Even so, there are still plenty of ways that companies can manipulate their financial results (Kuepper, 2010). This paper reviews two articles on the subject.

Balanced Scorecard

The Balanced Scorecard, or BSC, is a managerial tool first put forth by Kaplan and Norton in their landmark 1992 article (Kaplan and Norton, 1992). The BSC was well-received and has been widely followed, adopted by thousands of public and private ...

Introduction

The essay aims to attempt the examination of the process of strategy mapping and the ways it relates to the establishment value proposition and performance management. For the successful completion of the task, it has been decided that the comparison between BAA’s approach to the balance scorecard with other traditional approaches of balance scorecard is presented. In addition, Glacier Inn case study is decided to use as an example for supporting the ideas of balance scorecard. Strategy mapping is a visual framework that is used for the integration of organization’s objectives within four balanced scorecards’ perspectives that ...

Executive Summary

Outdoor Adventure Paintball Park has been started by Davis and his family to offer outdoor sports and entertainment to the community. With the growth of the company, its activities have also increased that have resulted in the challenges. The major cause of the issues and problems in the successful business is the lack of strategic management. The management nor defines its mission neither plan the organizational structure, culture and leadership that has resulted in the poor management of Paintball Park. Selecting the collaborative management model, it is recommended to Davis and his family that the mission and objectives are ...

Opening a new for a luxury boutique hotel, an excellent evaluation of cost, budget and performance are required. Project management techniques are required in the scenario to plan for the cost, budget, and performance of the hotel. For a project to be successful, a correct appraisal should carry out to find the benefit and possible cost of the project. Using, the stated analysis, the benefits should exceed the costs of the project. Can be possible through the preparation of a budget and balanced scorecards. Through the use of these tools, the profits the expenses of the new hotel will ...

COMMUNICATION PRIVACY MANAGEMENT ABSTRACTS

Communication Privacy Management in Electronic Commerce Abstract This study applies Petronio’s Communication Privacy Management theory (CPM) to understand the tension between information disclosure and privacy within e-commerce relationships. It proposes that consumers manage their privacy concerns through decisions to reveal or conceal information about themselves in interactions with online retailers. The study investigates the degree to which privacy management strategies identified by CPM theory to regulate privacy and disclosure within interpersonal relationships, including withholding and falsifying information, as well as seeking information seeking from a relational partner, operate in the computer-mediated context of e-commerce relational transactions. Findings suggest ...

Introduction

Traditionally, agencies measured the firm’s performance by focusing on the external and internal processes, evaluating allotted factors such as full-time equivalents, analyzing the budget size, and the number of programs that they control. The private sector enterprises, on the other hand, focused on financial measures of their market shares, bottom-line, earnings-per-share, and return-on-investment. Alone, none of the directives provided a vivid perspective of the business’ performance that the managers required. But through the balanced scorecard approach, the company can examine their economic standings and results to provide the leaders with a complete image of how to make relevant ...

MEASURING ORGANIZATIONAL PERFORMANCE: BEYOND THE TRIPLE BOTTOM

The following report is a summary of the investigation of an investigation of Graham Hubbard from the University of Adelaide, Australia on "Measuring Organizational Performance" specifically beyond the triple bottom line. The report will have the following points:

History in organizational performance measures systems.

The Triple Bottom Line. Current sustainability report practice. The sustainable Balanced Scorecard. History in organizational performance measures systems. The last two decades there is a change in the way the organizations measure their performance, but it is necessary to have a knowledge of the most common strategies used to measure performance both "high-performing" firms and "low-performing firms". Balanced Scorecard: The theory ...

[First Name Last Name]

Introduction In the contemporary business environment, organizations are increasingly using Balance Score Cards (BSC) as strategic planning and quality management tools. Applications of BSC have been progressively enlarged to address distinctive project fundamentals and circumstances. The utilization of Balance Score Card approach by BAA (British Airports Authority) in developing a multi-billion pound project of Terminal 5 at Heathrow is one the finest illustration of how BSC can be implemented dynamically. Considering the risks that BBA borne throughout, the project primarily focused over the conventional approach of BSC. However, it also included the additional administrative indicators ...

Research Paper

Research Paper

Introduction

High Technology Corporation (HTC) is an established maker of a variety of electronic components, and it serves an international market. HTC is now fully-integrated wireless communication service for worldwide use. However, to establish its brand in the global market, it has to dominate in its B2B activities. In this regard, it is useful if HTC invests in a global electronic brand in the international market. In the assignment, Apple Inc. has been selected for investment by HTC. The paper would conduct the financial assessment of Apple from a comparative perspective, to provide investment feasibility for HTC.

Background and Industry

Apple ...

List of Tables

List of Figures Figure 1: Product Breakdown Structure for SST BI Phase I 9 Figure 2: Deliverables Typically Produced for Each PMBOK Knowledge Areas 12 Figure 3: Summary Gantt Chart for SST BI Phase 1 18

SCOPE MANAGEMENT

This section gives a high level description of the scope covered by this project. The items that are in scope have been allocated to either BPC or to SST.

STRATEGY

For the SST BI Phase I project, SST will outsource certain aspects of the development to Business Process consulting. These are mentioned in the scope definitions section of this document. BPC will work independently ...

Strategic Management is the process of converting information regarding the state of the system and environment to purposeful activities that transform the system from the current state to the desired preset (Martello, Watson & Fischer, 2008). A special place in the management takes the control staff for personnel, as it is the main resource, the driving force of the production process, intellectual component assets. People are the source of creativity, initiative and energy to achieve the goals of the enterprise. There is no organization, which can function without personnel management – either large or small, commercial or nonprofit. Personnel management aims ...

Business Model and Strategic Plan Part III: Balanced Score Card and Communication Plan

Introduction Amkor Technology is one of the world leaders in the supply of products and services in semiconductor technology. For example, its major area of interest is offering testing services for manufacturing, supply of advance integrated circuit components, as well as contract services for semiconductor assembly. Amkor clients comprise more than 300 global leaders in electronics and semiconductor industry (Amkor, 2016).

Vision of the Company

Amkor Technology is committed to be the world’s most trusted reliable manufacturing test services and assembly for electrical and semiconductor industry.

Overall Company Mission Statement

The overall mission of the company is “to be the world’s top trusted provider of ...

MANAGEMENT INFORMATION SYSTEMS

Management Information Systems

Microsoft Corporation is a company that deals with licensing, supporting, and improving a variety of software services and products. The products of Microsoft Corporation include applications for business solutions, tools for software development, online marketing, tools for management server applications, video games, and operating system for phones, servers, computing devices, and other intelligent devices. Furthermore, the company provides Cloud services that provide the consumers with services, software, and content in the Internet through shared computer resources, which can be located in the centralized data center. The company sells and engineer tablets, personal computer, phones, entertainment and ...

Article: Transforming the Balanced Scorecard from Performance Measurement to Strategic Management: Part 1. Robert S. Kaplan and David P. Norton (2001).

The balanced scorecard is a giant step in not only performance measurement, but in strategic management of any organization. Purely financial measurement systems record the outcome of the past actions and therefore, are irrelevant for timely management actions. Reliance on the financial measurements only also focuses on short-term performance, rather than long-term value creation. Other non-financial scorecard measurement systems were usually separate checklists, designed for a specific process or organization. They were not linked together in a logical ...

SWOT Analysis

It is an analysis tool that can be used to analyze the organizational environment of Tesco in order to point out its strengths, weaknesses, opportunities and threats. The company is going through a rough patch, and the new boss needs to initiate change in the organization to turn its fortunes around. Given that he is new and probably unfamiliar with much of the company and the retail industry, SWOT analysis will be an effective tool to show Mr. Dave Lewis, the strengths of the company. He should capitalize on those strengths to move it in the right direction (Campbell ...

In an organization, senior leadership may resist a strategic development. This resistance may be based on several justifications. The first is that this leadership may note that a strategic change may constraint their organization in financial terms (Morrill, 2013). Therefore, instead of threatening the solvency of their organization, such leadership may decide to abandon a strategy. Reasons may include heavy expenditure on equipment acquisition and high staff training costs, for instance.

The other reason is that the senior leadership may find a strategic change as unsustainable. Given the need for complementing resources and additional dedication, substance of a strategic change may prove difficult ...

Leaders have a great role in establishing and sustaining an ethical climate in an organization. According to Randall (2012), ethical climate is the perception of what the correct way to behave is and how ethical issues should get handled in an organization. There are two broad dimensions of sources of power; positional and personal. Positional power is the kind of power acquired due to the position one holds while personal power is from someone’s personality or skills. Positional power further divides into legitimate, reward and coercive power. Personal power includes expert and referent ...

Based on the need to develop a model or metric for performance measurement in companies, the business needs to focus centrally on the four core elements that define the strength of every business. The four areas are the threads that hold the business to its destiny at all times. They include; the financial perspective, customer perspective, internal business processes and the learning and growth perspectives. It is believed that if the business is able to strategize effective management of its intangible assets, then developing a measure for the intangible asset is inevitable

Therefore, balanced scorecard creates an in-depth focus and insight ...

Annotated Bibliography

Anderson, M. & Ramos-Reid, R. (2011) Core competence-definition and dynamics in the not-for-profit sector. School of Management Blekinge Institute of Technology Sweden.

The study is among the few that treats the subject of core-competences (core capabilities) within the nonprofit sector, explaining how it applies to the not-for-profit operations. The core competences concept is related to the added value notion, and the authors of this study aim to identify how nonprofit organizations can generate added value by optimizing their internal resources. Developing a multi-case study analysis, the book identifies that nonprofit operations follow the same patterns as for profit organizations for ...

Traditional approach to performance appraisal relies on financial information and uses historical data to assess the current situation. However, financial indicators only partially respond to the information needs of the managers, who have to take into consideration also other factors, such as customer satisfaction, company strategy for future development etc. That is why many organizations have adopted a more complex model for strategic planning and control, the balanced scorecard.

Balanced Scorecard was developed in the beginning of the nineties to provide companies with a more comprehensive tool to assess their performance. It considers several financial and non-financial key performance indicators that ...

Balanced Scorecard Approach, “A View from the Top”: The broader technique to explain the mission statement of the customer driven market that add only customer related details such as product, on-time-delivery, service, cost and product performance known as “Balanced Scoreboard Approach.” According to the chapter 2 of “Strategy and Performance” on page 30, has mentioned “Apple” example using “Balanced Card Approach” for introducing customer metrics (Fleisher & Mahaffy, 1997).

Apple is a company that market through product designing strategy. However, this customer driven strategy is effective only when customer expectations are meeting up. Moreover, ...

Cejudo Cordoba, R. (2013). Making Sense Of Doing Wrong: On The Justification Of Compromise Decisions. Crítica , 45 (135), 29-53. Retrieved from http://eds.b.ebscohost.com.proxy-library.ashford.edu/eds/search/advanced

This paper holds that compromises are types of agreement and types of decision. Its major objectives are the following. First, is to identify the formal organization of compromise situations (CD), or dilemmas where some CD cannot be avoided that includes jeopardizing the integrity of the maker of the decisions. Second, that by the notions of Amartya Sen’s of the basic and compulsive judgments and create a CD in a condition of compromise that is justified be morally. It concludes that the justified compromise situations involve rationally justified moral regret that assists to bridge the gap between consequentialism and deontology, respectively.

Cohen, M. A. (2012). Empathy in Business Ethics Education. (C. MacDonald, & A. Marcoux, Eds.) Bus Ethics J Rev , 1 (18), 113–119. Retrieved from http://dx.doi.org/10.5840/jbee2012918.

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Below is the chart for the balance scorecard which shows the aims and objective of evolution engines. In this scorecard the segments included are shareholders value from the financial perspective; customer’s value perspective, internal value perspective and learning and growth perspective (Marr and Adams, 2004; Niven, 2005; Papalexandris et al., 2005) of the organization evolution engines. Evolution Engines is an engine manufacturer planning to initiate its business in the China. The balance scorecard is emphasizing on one particular segment which is manufacturing of the airplane engines. Elaborate details of division of segments and measure for enhancing the value ...

Barcelona restaurant group comprises of a chain of seven bars located in Atlanta and Georgia. The restaurant offers sophisticated services to customers through provision of European delicacies and Spanish wines. The chain of restaurants is known for its high quality services, and unique management skills. Barcelona strategy is not limited to the provision of good food, as it aims to offer high quality services in hospitality: clean restrooms at affordable prices. This characteristic exempts the hotels from other competitors and attracts new customers.

The managers at Barcelona have two ways to control the financial performance of the hotels. They aim ...

Introduction

A balanced scorecard is a strategic planning and management system that is used extensively in industry and business, non-profit organizations and even the government to align business activities to the strategy and communication of the organization. The balanced scorecard also improves the internal and external communications in an organization. Furthermore, it also monitors organizations performance against strategic goals. The Matric International Company can adopt the balanced scorecard in order to achieve its vision, mission and also its objectives. Through the application of balance scorecard, the MIC Company will achieve its goals. The company can grow in terms of business activities ...

Benefits

A balance scorecard has a number of benefits to companies depending on a number of factors. Key among these factors is the use to which the balance score card has been put. A balance score card can be used in operational control and strategic management among other functions.

Used in enhancing the operational control

When used in enhancing the operational control function, the balance score card has several benefits which include increasing the effectiveness with which performance improvement initiatives are monitored; improving understanding of the processes in order to spearhead the process of setting and achieving the organization’s goals. The balance scorecard is very effective in ...

Executive Summary

This report is intended to give a critical overview of the strategic position of Essar Energy by making an analysis of the current position of the company by the use the balanced score card. An analysis is made on the three non financial aspects; the customer perspectives, the internal process perspectives and the learning and growth perspectives in relation to the financial performance and position of the company to draw a conclusion on the strategic direction that the company ought to make so as to successfully achieve its stated strategic vision. Essar Energy’s financial performance in the financial period ending ...

A report on Toyota Motor Corporation

It is through Strategy implementation that an organization actualizes its policies and other means of achieving short-term, middle-term and long-term goals. Probably, the process of implementing an organization's strategy involves personnel from all levels of management. The speed, effectiveness and efficiency with which an organization implements its strategy depend upon many factors; key among them: the organizational culture, the structures and systems in place, and the control function of the organization (Schein, 2004). This report focuses on the case of Toyota Automobiles Company, with special emphasis on how the company’s controls, culture and structure have significantly played a ...

Analysis of how Futura Industries implemented a balanced scorecard and its apparent effects

At Futura Industries, the president, Susan D Johnson built the success of the enterprise on the learning and growth dimension of the balance scorecard. A balance scorecard has four dimensions and they include: internal operations, financial, customer service, and growth and learning dimension. According to the case study, the main reason why the company decided to implement the growth and learning dimension over the other three dimensions in a balance scorecard is because the success of the other three dimensions depends on the success of growth and learning. This was evident in the company since for the period between 1996 ...

Balanced scorecard is a performance measurement tool, which allows companies to monitor the achievement of the company strategy and organizational goals. Unlike most of performance measurement systems that narrowly focus on financial performance indicators, balanced scorecard gives a holistic picture of the company performance by evaluating it from 4 perspectives: customer perspective, business process perspective, learning and growth perspective, and financial perspective (Niven, 2008).

Customer perspective is central for most organizations, as customer satisfaction is the greatest determinant of company success. This part of the balanced scorecard measures how well the company manages to add value for their customers. ...