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Explain how the elements will be used

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Reference no: EM132074212

Part 1 (Individual Portion) Your boss recently attended an accounting seminar at which the balanced scorecard was discussed. He has asked you to prepare a presentation for the next manager's meeting about the balanced scorecard and how EEC might adopt it.

In your presentation, you should complete the following:

Define the elements that might be presented in a balanced scorecard.

Explain how the elements will be used. Make a recommendation of whether or not EEC should adopt the balanced scorecard. If adopted, how might it improve the company?

Part 2 (Group Portion) The President of EEC realizes that the balanced scorecard translates an organization's mission and strategy into operational objectives and performance measures.

The group received an e-mail from him asking the group to include information in the PowerPoint presentation about tying compensation to performance measures.

Discuss the following in the group presentation: Describe unethical behavior that can result if the wrong performance measures are used to tie performance measures to compensation.

How can EEC avoid these behaviors? How should EEC tie performance measures to compensation? Who is responsible for establishing the performance measures?

Note: 8-10 slides with speaker notes

Verified Expert

The presentation provides information about the elements used in a balance scorecard and their uses for the organization. It is seen that there are four balance scorecards present in a firm of which the firm EEC should implement learning and growth perspectives balance scorecard for their firm. The use of this scorecard not only enhances their business growth in the market but the manager can also enhances the organizational culture of the firm. In other words, the presentation provides information that unethical behavior effects the firm EEC to increase their tie performances measures to compensation and for this the firm has introduced Code of Ethics and Code of Conduct that help them to diminish the unethical behavior of the firm. Moreover, the presentation the procedure of avoiding this unethical behavior of the firm.

Reference no: EM132074212

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