How the use of a balanced scorecard could help

Assignment Help Business Management
Reference no: EM131405727

Learning Activity 1 - Theme

In this article as well as your reading for this week the balanced scorecard is explained:

The Balanced Scorecard

https://www.tutorialspoint.com/management_concepts/the_balanced_scorecard.htm .

One of the best tools a manager has is a balanced scorecard. Remember, our bowling alley manager from week 6!

• Address how the scorecard approach fits in to the control function of management.
• Create a balanced scorecard and explain how the use of a balanced scorecard could help to measure and possibly improve the turnover of employees. The scorecard will include objectives, measures, and targets.

Just so you do not have to go back to week Six, here is the case scenario:

You are the manager of the northern branch of the Laurel City Bowling Alleys. The owner, Jill Espy, has 4 other bowling alleys around town. The average employee assigned to the concession stand of all the Laurel City Bowling Alleys lasts approximately 3 years. However, in your branch, the average employee lasts only 8 months. Jill is concerned about the lack of retention of concession employees especially since training new employees is costly to the company and this high turnover is costing her money that could be better spent elsewhere.

You have talked with your current concession staff and have learned that pay and scheduling may have some effect on the turnover rate. Employees feel that the pay is low and the scheduling is erratic making it difficult to make plans outside of work. You know that employees do not benefit from pay raises because they tend to leave before being at the alleys for a year.

One worker indicated that many of the workers do not know how to handle difficult customers. It makes them not want to come to work. At the time, the focus seems to be on getting the job done rather on customer service.

Learning Activity 2 - Theme

Traditionally, theorists suggest that the managerial function of controlling should not be confused with control in the behavioral or the manipulative sense. This function does not imply that managers should attempt to control or to manipulate the personalities, values, attitudes, or emotions of their employees. Instead, this function of management concerns the manager's role in taking necessary actions to ensure that the work-related activities of employees are consistent with and contribute toward the accomplishment of organizational and departmental objectives.

Research the concept of the virtual organization. Then, explain how can a manager measure work that is performed when the employee may be 5,000 miles away? Be sure to consider the virtual and global organizations and how a manager would control and measure work from afar.

Reference no: EM131405727

Questions Cloud

Name three items you have purchased : Name three items you have purchased during the past year that have increased in quality during the year. What kind of adjustment would you make in assessing their prices for the CPI?
Nominal income fell but your real income rose : Suppose you compare your income this year and last year and find that your nominal income fell but your real income rose. How could this have happened?
Write a paper that describes the pr campaign : Write a paper that describes the PR campaign each candidate conducted in the last presidential election. Was the campaign a success or failure? Defend your position.
Implication about the velocity of money factor : How does the quantity theory of money and the liquidity preference theory differ in their implication about the velocity of money factor? How would you expect velocity to typically behave over the course of the business cycle?
How the use of a balanced scorecard could help : Create a balanced scorecard and explain how the use of a balanced scorecard could help to measure and possibly improve the turnover of employees. The scorecard will include objectives, measures, and targets.
How would you handle such a claim : You are the contracting officer in charge of administration of a contract for the manufacture of aircraft jet engines. How would you handle such a claim? Discuss each of the claimed delays and claim for additional compensation
What are the categories for each of the two variables : What are the categories for each of the two variables?- If the explanatory variable is used to define the rows of the contingency table, which variable would be the row variable?
The ads industry promotes three models of care : Gero 301 : Please discuss in detail at least three different independent living options for elders.Could you discuss the top 10 essential or most important services rated by caregivers of persons with dementia?Please identify programs and services t..
Create a strong lead that is informative and compelling : Create a strong lead that is informative and compelling. Develop a supporting paragraph. Describe unique selling points. Include previous work to demonstrate expertise and credibility.

Reviews

Write a Review

Business Management Questions & Answers

  Determine how the person will motivate a team

Determine how this person will motivate a team. Explain if this person is also a team player. Determine whether this person is an effective communicator.

  Use social media in order to increase sales

Imagine that you have been tasked with creating an app for Apple's iTunes store. Determine two (2) research tools (surveys focus groups, concept testing, etc.) you will use to identify customers' needs. Provide a rationale for your response

  Pseudocode algorithm to perform

1. Write a pseudocode algorithm to perform each of the operations below. be sure to draw a picture as you work through each algorithm. You cannot work on linked lists without drawing pictures.

  What does market segmentation accomplish?

What does market segmentation accomplish?

  The power of groups

Groups may be both a boon (for example, they statistically outperform individuals) and a bane (for example, they take too long) of decision making. While they can systematically outperform individuals, groups are also prey to systematic bias and o..

  Management and organization theory

Compare and contrast the advantages and disadvantages to the planning function and explain how a manager may use both to their advantage.

  Explain characteristics displayed by your companys abilities

Summarize your review and research. Display the characteristics displayed by your company's abilities as a learning organization.

  Describe and derive an expression for the marginal cost

Describe and derive an expression for the marginal cost (MC) curve. Describe and estimate the incremental costs of the extra 200 pairs per week (from 1,000 pairs to 1,200 pairs of shoes).

  Improving board - ceo relations

Identify what method or activity could be initiated to unify the Board, bringing the Board together for the good of the organization.

  Illustrate what is it ethically defensible to outsource

illustrate what is it ethically defensible to outsource production to the developing world where labour costs are lower when such actions also involve laying off long-term employees in the organization's home country?

  Identification of the consumer key stakeholders or market

The paper components will include: assessing the organization's environment, identifying the consumer market, developing a mission and vision statement, summarizing quality initiatives, developing a plan for marketing the organization, and creatin..

  Discussion on criminal behavior

Discuss some recent support for the idea of criminal career pathways was put forward by Sheila Royo Maxwell and Christopher Maxwell in their study of the career paths of young female offenders.

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!

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