Balance Scorecard
TljameNO CHAT GPT
NO AI
SITE REFERENCE
NO PLAGIARISM
2 years ago
30
files (2)wk3balancedscorecardtemplate.docx_safe.pdf
Week3.docx
wk3balancedscorecardtemplate.docx_safe.pdf
Balanced Scorecard Template Complete Part 1 and Part 2.
Part 1
Scorecard Areas Develop 2 strategic objectives for each of the four balanced scorecard areas. Remember to use the SMART method to create your objectives. One example has been provided in each scorecard for you.
Financial Objectives Measures Targets: Timeline/Metrics
Example: Increase market share Total Revenue Increase 5% in first year
Customer Objectives Measures Targets: Timeline/Metrics
Example: Increase customer value
Increase profit contribution per customer
Increase 5% in first year
Internal Business Process Objectives Measures Targets: Timeline/Metrics
Example: Decrease lead times for new contract implementation
Project implementation time frames
Decrease time by 3% in first year
Page 2 of 2
Internal Business Process Objectives Measures Targets: Timeline/Metrics
Learning and Growth Objectives Measures Targets: Timeline/Metrics
Example: Decrease employee turnover
Facilitate regular training and opportunities for development
Reduce by 4% in first year
Part 2
Balanced Scorecard Summary Write a 175- to 350-word summary in which you:
� Explain why these objectives are appropriate for the project.
� Explain why these metrics and timelines are appropriate for your strategic plan.
Format any references according to APA guidelines.
Begin your summary on a new line below.
References
Week3.docx
Discussion Question:
Respond to the following in a minimum of 175 words:
· When would a balanced scorecard be most useful for a company and who would be in charge of creating one?
· How might different aspects of the scorecard be more beneficial for some companies rather than others?
REFERENCE:
Watch Section 2, “Balanced Scorecard Categories,” from “Balanced Scorecard and Key Performance Indicators” by Jim Stice and Earl Stice from LinkedIn Learning to learn about ways to measure performance from multiple aspects using the balanced scorecard method.
PART I & II:
Complete the table and 175 word summary included in the above attachment.
Strategic objectives are a measure of attaining your vision and mission. They reflect the vision, mission, and values of the organization, and the outcomes of the internal and external environmental analysis.
This week, you will determine the objectives and metrics now that you have completed your SWOT analysis in preparation for the project plan you will complete in next week’s summative assessment. The project you choose must be based on an unmet opportunity for the organization (UBER) you chose in Week 1 or to minimize a potential threat. As you recall what you determined in your SWOT analysis, consider the following questions:
· What does the organization need to do to advance its goals or expand its competitive advantage?
· How will you measure progress toward the goals?
NO CHAT GPT
NO PLAGIARISM
NO AI
SITE REFERENCE
