Discuss the balanced scorecard categories

Assignment Help Other Subject
Reference no: EM132235054

Question: In many cases, managers end up in trouble as they direct their focus exclusively on cost savings. Cost cutting is always emphasized, but other impacts, such as decreased quality, can be overlooked. These overlooked impacts can have a significant effect on the revenue and profitability of an organization. The balanced scorecard is a measure to assure that management is not exclusively driven by cost, but balanced with other measures that also can significantly influence the performance of an organization.

Using the module readings and the Argosy University online library resources, research balanced scorecard and its application.

Select a service industry organization of your choice. Complete the following for the selected organization:

• Recommend at least two performance measures in each of the balanced scorecard categories.

• Explain each of your recommendations.

• Using these measures as examples, explain how use of the balanced scorecard can increase the economic value added within the organization.

Reference no: EM132235054

Questions Cloud

Present-value comparison : You are offered ?$20,000 today or ?$340,000 in 10 years. Assuming that you can earn 16 percent on your? money, which should you? choose?
Describe the four key characteristics of services to harry : Briefly describe the FOUR key characteristics of services to Harry. Outline how each level can be applied to a weight lifting gym.
What was lance? murdock rate of? return : What was Lance? Murdock's rate of? return, that? is, the value of i?? Enter a negative percentage for a loss.
Some examples of how gender stereotyping exhibits : What are some examples of how gender stereotyping exhibits itself in modern American business and/or politics.
Discuss the balanced scorecard categories : In many cases, managers end up in trouble as they direct their focus exclusively on cost savings. Cost cutting is always emphasized, but other impacts.
The four steps in the market research process : Describe each of the FOUR steps in the market research process, including examples relevant to the problem Doggie Heaven is experiencing.
Why do you believe the topic of ethics is important : Why do you believe the topic of ethics is important to HPT specialists? What kind of ethical decisions might an HPT specialist be faced with?
Briefly summarize customer success story of an organization : In answer to the challenges Nelnet faces in servicing a growing volume of student loans, the company chose to deploy a knowledge management system called.
What is the price of the stock at the end of year 4 : 1) What is the price of the stock at the end of year 4. 2) What should be the stock price today

Reviews

Write a Review

Other Subject Questions & Answers

  Psychologists play in modern organizations

The current workplace is different from what it was 100 years ago and different from what it was 20 years ago. We work in a global economy, using various technological advances and among a highly diverse workforce. Earlier, the expectation used to..

  Explain the relationship between risk threat and consequence

Explain the relationship between risk, threat and consequence. Use at least two examples at the local level of government in your response.

  Describe several different pieces of information in the log

Explain how information in an access log could be used to identify the true identity of an impostor who has acquired unauthorized access to a computing system. Describe several different pieces of information in the log that could be combined to iden..

  Industry and the boundaries of the industry

Identify the key operational performance indicators for firms competing in this industry.

  Leadership theory reading response

Write response for any two of them(250 words each), explaining which practice, style or habit - Leadership Theory reading response

  How project management reduce politics projects

Addresses the conditions under which systems development becomes confused with a range of other organizational problems, where the results can be less-than-optimal combinations of social and technical systems.

  Describe risks associated with each area

Describe risks associated with each area. Explain why this potential risk area or concern is important and relevant based on demographics.

  What was the education without walls movement

What was the "education without walls" movement? How did it influence the beginnings of SCI-Arc? Why was he critical of all the new "-isms"?

  Discuss steps of psychological safety plan

Outline a five (5) step psychological safety plan that enhances emotional commitment for your organization or an organization with which you are familiar.

  Spending on prescription allergy relief medication

Construct a 95% confidence interval for the difference µ1 - µ2 between the mean spending on prescription allergy relief medication (µ1) and the mean spending on non-prescription allergy relief medication (µ2).

  Write draft abstract and detailed outline of research topic

Write a draft abstract and more detailed outline of your research topic paper; this means at least 1 to 2 additional pages

  What is a repeated measures design

What is a repeated measures design? What are the advantages of using a repeated measures design? What are the disadvantages?

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