If you are not currently employed find an article about a
Course:- Managerial Accounting
Reference No.:- EM13375950

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
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.


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

Ask Question & Get Answers from Experts
Browse some more (Managerial Accounting) Materials
Prepare the companys production budget for the third quarter of this year (the months of July, August and September) in good form. Include a column for each month and a tota
How would you define what a manager is? Do you think a manager can be a "good" manager if they lack strong communication skills? I think this is an important trait, but ho
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Describe JSC's current budget process in terms of the concept of 'participative budgeting' and advise the CEO on how the current budget process may be leading to the performa
On November 4, 2006, Blue Company acquired an asset (27.5-year residential real property) for $100,000 for use in its business. In 2006 and 2007 respectively
The following materials standards have been established for a particular product: What is the materials quantity variance for the month?
Explain why a budget-based compensation scheme may encourage a manager to shift income from the current period to a future period if expected performance is quite high (e.g.,
It describes about the integration of Financial Reporting and Environmental, Economic and Governance Reporting and how companies can be benefited. The purpose of this report