Ethics, Performance Measures, and the Balanced Scorecard

Your boss recently attended an accounting seminar at which the balanced scorecard was discussed. He has asked you to prepare a presentation for the next manager’s meeting about the balanced scorecard and how EEC might adopt it. In your presentation, you should complete the following:

• Make a recommendation of whether or not EEC should adopt the balanced scorecard.
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• If adopted, how might it improve the company?

2 POWERPOINT SLIDES; 200-250 WORDS PER SLIDE

The President of EEC realizes that the balanced scorecard translates an organization’s mission and strategy into operational objectives and performance measures. The group received an e-mail from him asking the group to include information in the PowerPoint presentation about tying compensation to performance measures. Discuss the following in the group presentation:

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• Who is responsible for establishing the performance measures?