(a) Norwalk Division Balanced Scorecard | | Objectives | Measures | Targets | Initiatives | Financial perspective | Maximise return on development spending Increase profits | Return on research capital (RORC) Product profitability | 30% 25% per year | Develop and introduce new productsIntroduce an intense marketing campaign | Customer perspective | Increase market shareImprove customer satisfaction | Market share Customer complaint rate | 25%< 5% | Customer loyalty
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THE BALANCE SCORECARD: TESCO STORES INTRODUCTION The Balanced Scorecard (BSC) is a performance measurement tool that originated in the business worlds. Performance measurement is a way to track performance over time to assess if goals are being met. Organizations measure their performance to monitor how they’re doing in achieving their overall mission and goals. The BSC was originally developed as a performance measurement system in 1992 by Dr. Robert Kaplan and Dr. David Norton at the Harvard
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- Brandscore Card - Introduction The brandscore card is an essential element used to evaluate the overall equity of a brand. The scorecard is an effective way to asses the unmet needs of the brands customers‚ it enables the brand to stay relevant and effective in the marketplace in a methodological manner. The scorecard should be able to fill any gaps that have developed within the brand’s approach to management and its strategic direction‚ as well as developing and maintaining a functional management
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The Balanced Literacy instructional approach can be defined as “a literacy program that includes the strongest elements of both whole language and phonics” (Smith). Balanced Literacy is a program that uses combined strategies to provide an optimal learning experience for children. The program involves “teaching by reading to the students‚ having students read independently‚ and reading with students” (Smith). Balanced Literacy is made up of five components: the read aloud‚ guided reading‚ shared
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but on prime time news networks is the passage of a Balanced Budget Amendment. A Balance Budget Amendment (as recently seen in House Bill HJR2‚ 28 NOV 2011) would require that Congress balance its budget every fiscal year unless a three-fifths majority of both houses approved of maintaining a deficit[1]. In a CNN Poll‚ conducted by ORC International‚ 74% of Americans surveyed would be in favor of a constitutional amendment to require a Balanced federal budget. So‚ why did it miss passing by the House
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My plans for the balanced literacy program include six indispensable components to develop student’s reading success. My reading program is called “Reading Adventure Prodigies” RAP for short‚ and the grade level is for Kindergarten. The components are 1) phonemic awareness‚ 2) phonics‚ 3) reading aloud‚ 4) fluency‚ 5) vocabulary and 6) comprehension. The National Reading Panel has acknowledged that the components mentioned above will give the students an opportunity to acquire and develop
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➢ The alignment also introduces three new regional Distribution Services Divisions within Caterpillar‚ replacing the company ’s current marketing arms. They will have responsibility for Caterpillar ’s total portfolio of business with each dealer‚ the dealer relationship‚ dealer development and ensuring the most efficient and effective distribution of Caterpillar machines‚ engines and parts. ➢ Caterpillar ’s current Motion & Power Control Division will be expanded and reorganized into two new
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Caterpillar Management Structure Caterpillar is a corporate governance structure where the Chairman of the board acts as the CEO. The Board of Directors is a group of independent non-employee directors that are chosen from outside of the company. Many of the group presidents report to the CEO‚ which makes the vice-presidents report to each group president. The Board consists of 14 directors and is divided into three classes for the benefit of election. The Board has four committees which
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*CASE ANALYSIS* A New Caterpillar Emerges Caterpillar was a low-cost manufacturer in the construction equipment industry until the beginning of 1980’s‚ but in 1982‚ competition from the Japanese biggest construction equipment manufacture i.e Komatsu‚ Kubota‚ and Hitachi‚ threatened its position. Caterpillar’s functional approach was outdated‚ and structural changes were needed to remain globally competitive. To this end Caterpillar quickly moved to change its organizational structure. The
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Profit Balance Scorecard Adoption The concept of the Balanced Scorecard was created for for-profit organizations during the late 1980s. Executives wanted to take a different look at the organization’s performance based on factors other than financial statements and balance sheets. The success of this framework worked its way into the non-profit sector after a few short years. Research suggest that non-profit executives “concluded that a balanced view of performance
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