+1-415-670-9189
info@expertsmind.com
If you are not currently employed find an article about a
Course:- Managerial Accounting
Reference No.:- EM13375950





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
Recognize the decision variables, exogenous variables, performance measure and intermediate variables. Illustrate the relationships between variables identified in part 1. Com
Write a report to your manager advising - the advantages and disadvantages of simulation models and why a manager might be forced to use simulation instead of an analytical mo
Which costing system would be more efficient when direct labor costs and direct materials are low, and overhead is high and why? Explain how the supply chain and the macroecon
What would be the effect on budgeted income if half of the budgeted sales volume of Product B were shifted to Product A and C in equal rupee amounts, so that the total budge
Columbia's management feels that the time value of money should be considered in all long-term decisions. Briefly discuss the rationale that underlies management's belief.
Home Auto has not yet purchased any of the promotion items for next week. Should management substitute the Armadillo car wax for one of the three planned promotion displays?
Write down in four-pages in which you describe The Public Budget Cycle in government agency of choice. Describe phases of budget cycle (preparation and submission, approval,
Plot the relationship between customer service costs and number of service reports. Is the relationship economically plausible? Use the high-low method to calculate the cost f