4 Balanced score for the balanced scorecard: a benchmarking tool M. Punniyamoorthy Faculty of Production and Operations and Finance‚ Department of Management Studies‚ National Institute of Technology‚ Tiruchirappalli‚ India‚ and 420 R. Murali Faculty of Human Resources and Finance‚ Department of Management Studies‚ National Institute of Technology‚ Tiruchirappalli‚ India Abstract Purpose – The purpose of this paper is to create a model called “Balanced score for the balanced score card”
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Assets Employee TurnoverEmployee Job Satisfaction 25%90% 0%50% The employee turnover was lower than expected on 0% (25% versus 0%)‚ on the other hand‚ the employee job satisfaction was lower by 40% than expected projection (90% versus 50%). Balance Score Financial. The quarterly profits exceeded the expectation of the firm by $1‚000 ($6‚000 versus $5‚000) in contrast the return on capital was lower by $2‚500 ($4‚000 versus $1‚500). The return on capital measure the efficiency and profitability of
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Question (a)Evaluate the relevance and adequacy of the Balanced Score Card as an instrument for perfomance management. Introduction The Balanced Scorecard is a strategic performance management framework that has been designed to help an organisation monitor its performance and manage the execution of its strategy. Kaplan and Norton (1996a‚ 1996b) pointed out that the implementation of the Balance Score Card is to attain the following goals clarify and translate vision and strategy‚ communicate
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* Learning and growing perspective | Current situation 2013 | Ideal 2014 | Factor | Weighting H/M/L | Performance 1-10 | Ideal 1-10 | Factor | Weighting H/M/L | Target 1-10 | New products | H | 10 | 8 | New products | H | 10 | Improvement | M | 7 | 8 | Improvement | H | 9 | Information system capabilities | M | 7 | 6 | Information system capabilities | H | 9 | Employee capabilities
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Analysis paper on Phillips Electronic Balance Scorecard What is a Balance Scorecard? A Balanced scorecard is a strategic planning and management system that is used extensively in business and industry‚ government‚ and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization‚ improve internal and external communications‚ and monitor organization performance against strategic goals. It was originated by Drs. Robert Kaplan Harvard Business
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The Balanced Scorecard at Philips Electronics By Andra Gumbus and Bridget Lyons Strategic Finance It’s used to align company vision‚ focus employees on how they fit into the big picture‚ and educate them on what drives the business. When a management tool becomes popular‚ it’s only logical to question whether it’s a fad or the future. One performance measurement tool—the balanced scorecard (BSC)—has broad appeal. Approximately 50% of Fortune 1‚000 companies in North America and about 40%
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| COST ACCOUNTING APPLICATION ON EXPANSION OF BHATTI CLINIC AND BALANCED SCORE CARD APPLICATION | | | | | 5/21/2012 | GROUP NUMERICS TABLE OF CONTENTS INTRODUCTION 1 DR. ZAHID ISHAQ 1 SERVICES DELIVERED 1 STAFF AT CLINIC 1 INCOME STATEMENT EXPLANATION 1 REVENUE 1 COST OF SALES 2 EXPENSES 2 EXPANSION OF CURRENT BUSINESS 2 ASSUMPTIONS 3 DECISION FOR EXPANSION 4 BREAK EVEN ANALYSIS 4 MARGIN OF SAFETY 5 PORTER’S FIVE FORCES MODEL 6 Threat of Substitutes:
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pleasure to the widest range of relevant stakeholders making society as a whole better off. The pleasure is often measured in terms of increasing happiness and/or reducing pain‚ where happiness and pain can be either physical or psychological. In Mattel case‚ there were many negative consequences resulting in the contaminated malfunction toys. For example‚ the excess lead paint over permissible levels in the toys can cause permanent brain damage and even death. The improper toys’ designs failed to
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COMPANY PROFILE Mattel‚ Inc. REFERENCE CODE: 07512FFD-FF7B-47F6-98FE-6260A6CFFE32 PUBLICATION DATE: 26 Oct 2012 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Mattel‚ Inc. TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts..............................................................................
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Background As a global leader in toy manufacturing and marketing‚ Mattel faces a number of potential threats to its ongoing operations. Like most firms that market products for children‚ Mattel is ever mindful of its social and ethical obligations and the target on its corporate back. This case summarizes many of the challenges that Mattel has faced over the past decade‚ including tough competition‚ changing consumer preferences and lifestyles‚ lawsuits‚ product liability issues‚ global sourcing
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