+1-415-670-9189
info@expertsmind.com
Find an article about a specific company
Course:- Managerial Accounting
Reference No.:- EM13161099





Assignment Help >> Managerial Accounting

If you are not currently employed, find an article about a specific company using a balanced scorecard. Cite the URL and summarize the article, including citing some specific measures and objectives as well as benefits or problems to date. Discuss the advantages and disadvantages of the presented information.

Answered:-

Verified Expert


Preview Container content

Balanced score card is a strategic management tool. It works as a bridge between Company’s vision and mission and strategy to achieve the same. It was first presented in 1992 by Kaplan and Norton. In earlier period balanced score card was seen as a tool of performance measurement. But now it’s a highly recognised tool for strategic planning and management.

Summary of article of Shat-R-Shield on balanced score card:

(Reference: http://balancedscorecard.org/Portals/0/PDF/Shat-R-Shield_Case_Study.pdf)

Company is around 44 year old company and is engaged in the manufacturing of plastic coated shatter resistant lamps food, processing & packaging industries. Few years back Company CEO has implemented some strategic management tool and determined the targets. It was found useful and it’s achieved the operational improvements. In the next step Company has decided to implement the Balanced score card so as to establish the better connection between strategy and performance measurement.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Managerial Accounting) Materials
Prepare a report for Chandra explaining the errors he made in his income statement and review the performance of Bendigo Fencing Company in 2014 and make a recommendation as
Badger Corporation declared a stock dividend to all shareholders of record on March 25 of this year. Shareholders will receive one share of Badger stock for each ten shares of
What are the main features of an intangible asset, as laid out in AASB 138 Intangible Assets. Explain how Pics Ltd's) expenditures on intangibles should be
Midlands Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Compute the company's residual income for the ye
Write a business report describing budgeting as a non-technical process. Refer to satisficing, budgeting as a political process and budget ploys and calculate the materials
"Both Return on Investment (ROI) and Economic Value Added (EVA), when used as performance measures in an organisation, encourage managers to be short-term in their focus and
If a stock gains 50 percent one year and then loses 50 percent of its value the next year, is it accurate to say that its mean growth over the full two-year period was (50 + 5
Baker, Inc., produces a number of components that are used in home theater systems. Fred Briggs, head of the company's market research department,