Reference no: EM131266310
Strategic Business Plan - Balanced Scorecard
Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.
Identify key trends, assumptions, and risks in the context of your final business model.
Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks. The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOT analysis and supply chain analysis.
Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:
• Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as:
o Market share
o Revenues and costs
o Profitability
o Competitive position
• Customer Value Perspective, which includes strategic objectives in areas such as:
o Customer retention or turnover
o Customer satisfaction
o Customer value
• Process or Internal Operations Perspective, which includes strategic objectives in areas such as:
o Measure of process performance
o Productivity or productivity improvement
o Operations metrics
o Impact of change on the organization
• Learning and Growth (Employee) Perspective, which includes strategic objectives in areas such as:
o Employee satisfaction
o Employee turnover or retention
o Level of organizational capability
o Nature of organizational culture or climate
o Technological innovation
Evaluate potential alternatives to the issues and/or opportunities identified in the SWOT Analysis paper and table you completed in Week 3.
Create at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions that includes the following:
• Identify potential risks and mitigation plans
• Analyze a stakeholder and include mitigation and contingency strategies.
• Incorporate ethical implications
Develop a metric and target for each strategic objective using a balanced scorecard format.
• Example: a strategic objective in the shareholder or financial perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share." The target is the specific number to be achieved in a particular time period. The target for the metric of "Increase market share" could be "Increase market share by 2% for each of the next 3 years" of an increase of 2% per year for 3 years.)
Outline a brief communication plan discussing how you will communicate the company's strategic objectives that includes the following:
• Define the purpose.
• Define the audience.
• Identify the channel(s) of communication and why you selected that channel.
Format paper consistent with APA guidelines.
|
Determine the sum-of-products expression for the function
: Determine the Sum-of-products expression for the function f in the Exercise 4.1 by traversing paths in the decision tree and the decision diagram. Compare and discuss these expressions.
|
|
Medium-run and long-run gdp
: A. Suppose the government gets rid of the lump-sum tax and initially sets the income tax rate at 7%. What happens to short-run equilibrium GDP? B. What happens to medium-run and long-run GDP as a result of the switch?
|
|
What about other electronic data gained from other sources
: What about other electronic data gained from other sources? How does the verifiability of the information impact its use? Is there an expectation of privacy, confidentiality or respectful boundaries among office colleagues?
|
|
Determine the function f represented by this diagram
: Consider the BDD in Fig.4.36. Determine the function f represented by this diagram and write the corresponding functional expression for f.
|
|
Analyze a stakeholder and include contingency strategies
: Identify potential risks and mitigation plans. Analyze a stakeholder and include mitigation and contingency strategies. Develop a metric and target for each strategic objective using a balanced scorecard format.
|
|
Does not identify lifespan development theories
: Explain Dawn's behavior from an attachment point of view. How would you describe Dawn's attachment history? Describe Terry's parenting style. Has the style changed? What suggestions would you make to Terry and Bill about handling this problem?
|
|
Determine the corresponding decision diagrams
: Represent the function given by the truth-vector F = [1, 0, 0, 1, 1, 1, 1, 1]T by decision trees on groups C3 2 and C2 × C4.
|
|
Prepare journal entries to record each of the events listed
: 16FLAC16144: 16FLAC16144 PRINCIPLES OF ACCOUNTING PROBLEMS. Maquoketa Services was formed on May 1, 2017. The following transactions took place during the first month. Prepare journal entries to record each of the events listed
|
|
Propose a trade between ann and bill
: Assume food is graphed on the vertical axis and clothing is graphed on the horizontal axis. Suppose Ann's marginal rate of subsitution between food and clothing is -3. Bill's marginal rate of substitution between food and clothing is -4. Propose a..
|