User Account

All Pages

Applying balanced scorecard

Assignment Help Business Management
Reference no: EM131774937

Applying Balanced Scorecard

In many cases, managers end up in trouble as they direct their focus exclusively on cost savings. Cost cutting is always emphasized, but other impacts, such as decreased quality, can be overlooked. These overlooked impacts can have a significant effect on the revenue and profitability of an organization. The balanced scorecard is a measure to assure that management is not exclusively driven by cost, but balanced with other measures that also can significantly influence the performance of an organization.

Research balanced scorecard and its application. 

Select a service industry organization of your choice. Complete the following for the selected organization:

  • Recommend at least two performance measures in each of the balanced scorecard categories.
  • Explain each of your recommendations.
  • Using these measures as examples, explain how use of the balanced scorecard can increase the economic value added within the organization. 

Write your initial response in 200-400 words.

Reference no: EM131774937

Questions Cloud

Measure of an organization ability to survive : Solvency Ratios can be used to measure just that: solvency. Solvency is the measure of an organization's ability to 'survive' in the long run
Important role in non profit organisation : Do you think management accountant play an important role in non profit organisation? Choose specific non profit organisation which familiar to explain answer.
Discuss accounts receivable are estimated be uncollectible : Based on an aging schedule of accounts receivable prepared on December 31, 2013, $14,800 of accounts receivable are estimated to be uncollectible
Recommend to improve the process for managing risk : What aspect of this approach seem to be effective and/or ineffective? What might you recommend to improve the process for managing risk?
Applying balanced scorecard : In many cases, managers end up in trouble as they direct their focus exclusively on cost savings. Cost cutting is always emphasized, but other impacts
Discuss what is the product cost per bicycle : What is the product cost per bicycle if the company uses absorption costing
Activity-based costing system : Activity-based costing is one of the most accurate methods that can be used to allocate overhead. However, it is not often used in many smaller organizations.
Determine the break-even in sales dollars first : If the margin of safety for Watkins Company was 40%, fixed costs were $1,867,200, and variable costs were 60% of sales, what was the amount of actual sales?
Reasons a statement of cash flows : What are some of the reasons a statement of cash flows may be important to users of financial statements?

Reviews

Write a Review

Business Management Questions & Answers

  What is the role of an hit manager

What is the role of an HIT manager? Describe the benefits/challenges of having resources that are clinical working with those that are technical? What is an ideal makeup of a health IT strategy planning team in terms of which parts of the health o..

  Leadership role model week

Nelson Mandela serves as a leadership role model this week. Please take time to think about leadership behaviors you have observed in others in your life. What do the skills look like when masterful leaders successfully communicate, negotiate an..

  What is the role of effective communication in leadership

Interview a leader of choice. Examples of leaders can include, but are not limited to, former or current managers or supervisors, educational leaders, civic/business leaders, and religious leaders. This interview can take place via phone, via e-m..

  Contraction of the nation production possibility

How is the expansion or contraction of the nation's production possibility frontier altered by investment in capital stock vs. consumer spending?

  Analyze the principles of total quality management

Analyze the principles of Total Quality Management (TQM) as well as Six Sigma in regard to quality control of a product or service as well as make at least one recommendation for improvement. Explain your rationale.

  Network depends on gprs tunnel protocol

The security is always a big concern for networks. 3G network depends on GPRS Tunnel Protocol(GTP), key protocols in the 3G the core network.

  Briefly identify the major problems facing the manager

Briefly identify the major problems facing the manager/key person. Identify and link the symptoms and root causes of the problems.

  Securities and exchange commission edgar

Research the corporation on its own Website, the public filings on the Securities and Exchange Commission EDGAR database (http://www.sec.gov/edgar.shtml), in the University's online databases, and any other sources you can find. The annual report ..

  Explain how a market can be segmented

Explain and provide an example of credence - Explain how a market can be segmented. What are types of segments that a marketing manager could segment a market? Provide an example of segmenting a market for a pet product or service.

  Steps in a secret ballot representation election

1. Identify and discuss in detail the steps in a secret ballot representation election. Who initiates this process? Explain.

  What cultural factors must u.s. sports franchises overcome

Describes, explains, addresses, and answers the following questions or statements. What cultural factors must U.S. sports franchises overcome to increase popularity abroad? Why?

  Manufacturing and for retail service establishments

A) What are the main differences between facility layout for manufacturing and for retail service establishments?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd