Kashun Davis TMAN 680 Fall 2012 Balanced Scorecard: Samsung Samsung is the technology-based organization that will be the subject for my Balanced Scorecard. Founded in 1938 in Seoul‚ South Korea‚ Samsung Electronics Co. Ltd. engages in the manufacture‚ distribution‚ and sale of finished electronic products and device solutions worldwide. They offer consumer products‚ including mobile phones‚ tablets‚ televisions‚ Blu-rays‚ DVD players‚ home theaters‚ multimedia players; home appliances‚ such as
Premium Smartphone Mobile phone Balanced scorecard
Strategy map From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search A strategy map is a visual representation of the strategy of an organization. It illustrates how the organization plans to achieve its mission and vision by means of a linked chain of continuous improvements. For a commercial business‚ the strategy map illustrates the long-term game plan or competitive strategy to achieve increased profitability. For a nonprofit or governmental organization‚ it illustrates
Premium Balanced scorecard Strategic management Strategy map
Is the Amanco strategy an example of “corporate social responsibility” or “corporate self-interest”? Amanco’s strategy is an example of corporate social responsibility. Amanco came from a group who self-regulated social responsibility into its business model. Amanco’s business model is also self-regulated and has opportunity to be recognized as a company with social concerns. It almost cannot be seen as a corporate self-interest‚ because Amanco addressed every step of their operation. They employed
Premium Corporate social responsibility Social responsibility Strategy map
divisions Aerospace‚ Combat systems‚ Information Systems and Technology‚ and Marine Systems. This presentation provides insight to how I would build a balance scorecard and strategy map for General Dynamics. My research and findings clearly demonstrate how implementing the balance scorecard with several basic perspective of strategy will achieve a common goal: 1. Financial Perspective 2. Customer Perspective 3. Internal Process Perspective 4. Learning and Growth Perspective These findings will help
Premium Balanced scorecard Business terms Strategic management
Why are both financial and non-financial measures necessary to manage a company’s strategy? Financial performance measures‚ such as operating income and return on investment‚ indicate whether the company’s strategy and its implementation are increasing shareholder value. However‚ financial measures tend to be lagging indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers‚ processes‚ employees
Premium Balanced scorecard Investment Business terms
career path 2. Establish department’s cooperation between departments at the company Improve the balanced score card to a more valuable thing. several steps that to be taken by the companies are: 1. Determine more specific objective of the strategy for every
Premium Management Balanced scorecard Strategic management
manufacturer within the premium segment of motor vehicles. This report analyzes the strategy of the company and evaluates it with regards to long-term valuecreation as well as sustainability. The strategy is broken down into a strategy map of four different perspectives; Financial‚ Customer‚ Internal and Learning and Growth perspective. Within these perspectives‚ the strategic objectives are defined and analyzed. From the strategy map‚ two strategically themes are defined and evaluated. The conclusion peruses
Premium Strategic planning BMW Sustainability
A strategy map is a diagram that is used to document the primary strategic goals being pursued by an organization or management team. It is an element of the documentation associated with the Balanced Scorecard‚ and in particular is characteristic of the second generation of Balanced Scorecard designs that first appeared during the mid 1990s. The first diagrams of this type appeared in the early 1990s‚ and the idea of using this type of diagram to help document Balanced Scorecard was discussed in
Premium Balanced scorecard Strategic management Management
communicating strategy. The business model is visualized in Strategy Maps which forces managers to think about cause-and-effect relationships. The process of creating a Strategy Map ensures consensus is reached over a set of interrelated strategic objectives. This means that both performance outcomes as well as key enablers of future performance (such as the intangibles) are identified to create a complete picture of the strategy. Improved Strategy Communication The fact that the strategy with all
Premium Balanced scorecard Strategic management Strategy map
Inc. BUSI 650 Dr. Smith Liberty University March 7‚ 2014 Table of Contents I. Abstract II. Organizational Setting III. Key Concepts a. Quality b. Total Quality Management c. Innovation d. Strategy Map e. Balanced Scorecard f. Six Sigma g. Bench Marking h. Inventory Management IV. Conclusion V. References Abstract The main purpose of the Integrative Learning Project (ILP) is to introduce an authentic or fabricated
Premium Management Quality assurance Strategy map