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1. Find one research article entitled 'Using the balance scorecard as a strategic management system' attached here with. Read this article carefully and give your comments. You may want to attempt the following questions:-
(a) How balance scorecard system is used to evaluate performance?
(b) Briefly summarize the main components of balance scorecard system.
(c) What do you think are the important points authors have introduced in this article?
(d) Critically discuss some of the points where you don't agree with the authors.
2. (a) What is the relationship between management by exception and variance analysis? What type of variances would be most likely to suggest that a company should consider making a change in its strategy? Do you think variance analysis helps in continuous improvement? Support your arguments.
(b) 'Benchmarking against other companies enables a company to identify the lowest-cost producer. This amount should become the performance measure for next year." Critically comment on this statement.
caselet in strategic management :National Competitive Advantage of IKEA Group, a Swedish company founded in 1943 with its headquarters in Denmark, is a multinational operator of a
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Q. Explain Performance ratios - Return on capital employed? Return on capital employed (ROCE) = (Profit before interest and tax (PBIT) / Capital employed) x 100% The
1. Identify and discuss strategic capabilities (resources and competences) of the chosen company using appropriate strategy tools and identify strengths and weaknesses for the firm
explain strategy as an organisational process
Question: (a) Explain clearly how businesses may adopt key principles of Total Productive Maintenance in order to create a safe and productive environment. (b) Describe in d
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