HKU976 NEALE O’CONNOR MAKING BALANCED SCORECARD WORK TO IMPLEMENT BUSINESS STRATEGIES AT MAGIC TECHNOLOGY In August 2008‚ Magic Technology (“Magic”) launched an initiative to implement the balanced scorecard in its organisation. Alan Lo‚ the chief executive officer (“CEO”)‚ oversaw the implementation of the balanced scorecard at the company’s headquarters. Lo encountered both strategic and execution difficulties during implementation. Yet‚ such difficulties hinted at a more fundamental issue
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Planet Fitness is a vastly growing franchisor in the fitness center industry. As an investor‚ it would be best to open up a new franchise in Newton‚ Massachusetts. Planet Fitness is continuously growing and has added 209 stores since 2015. We feel it would be best to open a new facility in a prime location where an affordable‚ yet practical gym best fits the demographic. Implementing a fancy gym that costs hundreds of dollars a month with over-the-top amenities is unnecessary. Newton is a hard
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Snap Fitness ACC/566 July 16‚ 2012 David Kochevar Snap Fitness Executive Summary Owning a business is a dream for many people and one way to obtain that dream is to take advantage of a franchise opportunity. Work-out centers are a rapidly growing business. “Economically‚ the health club industry has proven to be recession-proof‚ averaging an 8% annual growth rate since the early 1990’s across all health clubs and gyms”(Snap Fitness‚ 2012). The following paper will reflect
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THE BALANCED SCORECARD 1 Why businesses need a balanced scorecard The balanced scorecard was developed by US academics Robert Kaplan and David Norton in response to the shortcomings of traditional financial measures. Traditional financial measures are one-dimensional. By definition‚ they only look at the financial aspects of a business. Traditional financial measures are historical. They tell us nothing about what may happen to the business in the future. There are many examples of businesses
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strategies discussed are Kaplan and Norton’s “Balanced Scorecard”‚ and Porter’s “Five Forces”. Kaplan and Norton present a model that help businesses investigate and understand their internal resources‚ and how to align high-level goals to objectives. Porter’s model attempts to help businesses identify and understand the external forces that affect strategic management and long-term sustainability. Keywords: Strategic Management‚ Balanced Scorecard‚ Measurement‚ Strategic Planning
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A Balanced Scorecard is‚ “A set of four measures directly linked to a company’s strategy: financial performance‚ customer knowledge‚ internal business processes‚ and learning and growth” (Pearce & Robinson‚ 2009‚ p. 202). 123 See M3e Free Bail bonds need to develop a balanced scorecard to assist in defining the company’s mission‚ values‚ vision‚ and SWOTT analysis. Perspectives A balanced scorecard suggests the company collect data and analyze the perspectives view of the organization learning and
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Demi Carter WRIT 110 November 19‚ 2012 Alim-Young Fitness Trainer What does it mean to be a fitness trainer? What does it involve? Does fitness training simply involve a love of exercise and the satisfaction gained from teaching others to do the same? These are kinds of questions that a fitness trainer should be able to answer. According to Ferguson’s Career Guide‚ a fitness trainer is a coach and a teacher who blends motivation‚ the right amount of program supervision‚ and appropriate exercise
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Fitness First This is part 2 of a series of posts talking about popular gyms in the country. Fitness First is perhaps the most popular gym in the metro. Reason? They have so many branches‚ mostly in malls‚ making them the most accessible gym in the Philippines. First Impressions: Nice and plenty equipment The first thing that will catch your attention upon entering Fitness First (especially in their new branches) are their numerous‚ big‚ high-quality TechnoGym fitness equipment. If you ever
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fitness industry statistics india without comments All returns to the profession that requires a kind of satisfaction‚ but the fitness professionals have an incredible 85% rate of job satisfaction according to an idea of the Health and Fitness Survey. Job Satisfaction In the same survey‚ 98% of respondents believe that "My work gives me a sense of personal accomplishment. "Lack of personal satisfaction is the most common reason why people leave jobs. These statistics leave Clearly‚ this is a
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consideration ‚the fact that BodyZone Gym was already famous for its services in Mumbai‚ we decided that we decided to expand in the field of Health and Fitness itself. Hence‚ started the brainstorming for developing a new product. Idea Generation: In order to come up with various ideas we ran informal sessions with groups of fitness enthusiasts and obese clients and asked them about the problems they were facing which made it difficult for them to follow a fitness programme . The various obstacles
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