Indicators of measurement and performance

Assignment Help Managerial Accounting
Reference no: EM13161103

The concept of a balance scorecard is the topic. While there is not necessarily one best way to view a balance scorecard, clearly the good indicators of measurement and performance go beyond financial perspectives.

Generally these indicators include multiple customer perspectives, internal perspectives, and probably some learning perspectives as the company grows. Specific examples might be improving employee satisfaction, developing new products, increasing job satisfaction, increasing market share of a specific product or profitability of a certain product, and so forth. Requirement: Assume you are the CEO of an organization that has historically measured success purely from the financial perspective. Write a memo to your senior staff of 3 pages plus reference page no cover page, advising them of your desire to approach performance measurement from a balanced scorecard perspective. If you prefer, and it makes sense, you may write the memo as if you were the CEO of your current place of employment. If this is not possible, create the memo using a generic strategy. Include possible elements of what you would like to have included in the new measurement system, but also be sure to mention how you would like senior managers to have their input, since the balanced scorecard is certainly not a dictated measurement system.

Your suggested scorecard, which will be open to feedback from your senior managers, should include certain objectives, key performance indicators, and specific goals as a starting point for conversation. Please make sure it is complied with plagirizm rules since this will be submitted through turnitin paper originality check system.

Verified Expert

Reference no: EM13161103

Direct materials versus the completion percentage

If we were to look at an incomplete unit at the end of any given department, would we expect to see a difference in the completion percentage for direct materials versus the c

Recalculate the customer level operating profit

Calculate the customer level operating profit for each of the above merchandising firms based on the actual number of orders written - Prepare a customer profitability analys

Classify each of these transactions as an operating

For purposes of the statement of cash flow, classify each of these transactions as an operating, investing, or financing activity. Additionally, indicate whether the activity

Cost volume profit analyses

After reviewing its cost structure (variable costs of £7.50 per unit and monthly fixed costs of £60,000) and its potential market, the Forecast Company established what it c

Compute product cost per unit and the gross profit per unit

Compute the product cost per unit and the gross profit per unit for each product by using a simple cost allocation method (plant-wide rate) based on direct labor hours. Rou

How the purchase of the new machinery affects the cash flow

You are required to make the adjustment for the New Machinery and prepare brief notes for your manager.  The notes should answer the following questions: Explain how the pur

Prepare the necessary entries to record transactions

Prepare the necessary entries to record transactions related to intangibles. All costs incurred were for cash and make the entries as of December 31, 2012, recording any neces

What is the total relevant cost of making the product

Required: hat is the total relevant cost of making the product? What is the total relevant cost of buying the product? What is the opportunity cost of making instead of buying

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd