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Question:
In your first week of the team business simulation you have started making decisions on the simulation by organizing the firm. This first quarter sets up the foundation for the rest of the game and will require integrated thinking skills to be successful.
In your Reading for this week you learned about integrative thinking in Martin, R. L. (2007). The opposable mind: How successful leaders win through integrative thinking . You have also learned about the balanced scorecard, a version of which is used to evaluate performance in the Marketplace Simulation. In this Discussion respond to the following:
Provide an overview of the Balanced Scorecard using the Reading from this week and any other sources you uncover in your research.
Provide an overview of integrative thinking using Martin's work and other sources you uncover in your research.
Provide a specific example of how you would use the integrative thinking model to increase the effectiveness of the data you receive via the Balanced Scorecard.
Talk about how you are going to recommend integrating this information into the team process. Identify one personal goal for your development plan on how you will integrate this new knowledge.
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This assignment talks about balanced Score Card. Organizations have used systems consisting of a mix of financial and non-financial measures to track progress for quite some time. The characteristics of the balanced scorecard and its derivatives is the presentation of a mixture of financial and non-financial measures each compared to a 'target' value within a single concise report. The report is not meant to be a replacement for traditional financial or operational reports but a succinct summary that captures the information most relevant to those reading it.Design of a balanced scorecard is about the identification of a small number of financial and non-financial measures and attaching targets to them, so that when they are reviewed it is possible to determine whether current performance 'meets expectations'. This assignment is prepared in MS word and it is about 300 words
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