Reference no: EM13927233
Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:
Shareholder Value or Financial Perspective, includes strategic objectives in areas such as:
- Market share
- Revenues and costs
- Profitability
- Competitive position
- Customer Value Perspective, includes strategic objectives in areas such as:
- Customer retention or turnover
- Customer satisfaction
- Customer value
Process or Internal Operations Perspective, includes strategic objectives in areas such as:
- Measure of process performance
- Productivity or productivity improvement
- Operations metrics
- Impact of change on the organization
- Learning and Growth (Employee) Perspective, includes strategic objectives in areas such as:
- Employee satisfaction
- Employee turnover or retention
- Level of organizational capability
- Nature of organizational culture or climate
- Technological innovation
Develop at least three strategic objectives for each of the four balanced scorecard areas identified (Financial, Customer, Process, Learning and Growth).
Base your solutions on a ranking of alternative solutions that includes an identification of potential risks and mitigation plans, and a stakeholder analysis that includes mitigation and contingency strategies. You should also incorporate the ethical implications of your solutions into your selection.
For each strategic objective, develop a metric and target using a balanced scorecard format. (For example, a strategic objective in the shareholder or Financial Perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share." The target is the specific number to be achieved in a particular time period. The target for the metric of "Increase market share" could be "Increase market share by 2% for each of the next 3 years" of an increase of 2% per year for 3 years.)
Outline a brief communication plan discussing how you will communicate the company's strategic objectives that includes the following:
Define the purpose.
Define the audience.
Identify the channel(s) of communication and why you selected that channel.
Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.
|
What will be the impact on the firm''s equity accounts
: If the firm declares a 10 percent stock dividend, what will be the impact on the firm's equity accounts? what is the impact of a 10 percent stock dividend on the wealth position of the firm's existing stockholders?
|
|
Capital budge recommendation
: Guillermo Navallez, owner and operator of Guillermo Furniture has built a successful company using beautiful local woods and the highest quality of hand crafted techniques.
|
|
Writing center request form located on mycsu student portal
: Final Research Paper Draft Follow the directions below for the completion of your Research Paper Final Draft for Unit VIII. If you have questions, please email your professor for assistance.
|
|
Distributed computing applications
: Distributed.net (www.distributed.net) is an organization that coordinates research on distributed computer applications. People and organizations can join Distributed.net and contribute idle computing power to ongoing research projects that requir..
|
|
Shareholder value or financial perspective
: Consider the following four quadrants of the balanced scorecard when developing your strategic objectives: Shareholder Value or Financial Perspective, includes strategic objectives in areas such as:
|
|
Explanations of both mislaid and lost property
: The money is mislaid property and it should be awarded to the owner of the hotel. In looking at the explanations of both mislaid and lost property, the difference between the two terms is how the item was left.
|
|
Exploring oop and its data structures
: Object-oriented programming has been adopted widely because of its capability to reuse code. Most application development software provides class libraries and extensive support for complex data structures, including linked lists. Investigate one ..
|
|
Calculate and display a letter grade
: The objective of this individual project is to create a complete C# Windows application and design documents based on the following specifications and instructions. Calculate and display a letter grade for each student.
|
|
What are the limitations on the repurchase alternative
: What are the limitations on the repurchase alternative as an element of the firm's dividend policy? If most shareholders are in a very high marginal tax bracket, which alternative is favored?
|