away from what they call “the budget bus date.” It was my goal to get the national debt from 70% to below 60% of GDP and prolong the budget bust as long as possible. After one failed attempt and then another long run‚ playing around with different cards‚ I was finally able to accomplish this. It was through my personal values and beliefs that I was able to reduce the debt from 70% to 59.7% and delay the budget bust date by two years. My first step in my quest for a better future was with an issue
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financial measures in this role. In recent years‚ however‚ there has been increasing recognition that financial measures alone will not provide managers with sufficient information to manage a business effectively. Non-financial measures The balanced scorecard 323 must also be used in order to gain a deeper understanding of the business and to achieve the objectives of the business‚ including the financial objectives. Financial measures portray various aspects of business achievement (for
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two 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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June 2001 pp. 147–160 COMMENTARY Transforming the Balanced Scorecard from Performance Measurement to Strategic Management: Part II Robert S. Kaplan and David P. Norton Robert S. Kaplan is a Professor at Harvard University and David P. Norton is founder and president of the Balanced Scorecard Collaborative in Lincoln‚ Massachusetts. In a previous paper (Kaplan and Norton 2001b)‚ we described the role for strategy maps and Balanced Scorecards to develop performance objectives and measures
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The IT Balanced Scorecard A Roadmap to Effective Governance of a Shared Services IT Organization Ronald Saull‚ CSP The essentials of this study were delivered at the ISACA International Meeting and Conference in July of 1999 in Denver‚ Colorado‚ USA by Ronald Saull. The discussion and study results were based on events that occurred and dynamics in place at Great-West Life Assurance Company/ London Life/Investors Group‚ Canada‚ signified by the acronym GLI. As investments in information
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The following paper presents a balanced scorecard for the supply chain management in a hospital. Hospitals strive to operate efficiently while providing the best patient care. By managing the supply chain strategically‚ hospitals can save costs‚ provide better patient care‚ better serve the demands of professional staff and also maintain a sound relationship with its suppliers. According to my understanding‚ the main goal of the hospital that I previously worked was not profitability‚ but to provide
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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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Running head: General Dynamics Balanced Scorecard General Dynamics Balanced Scorecard Executive Summary “General Dynamics is one of the market leaders in business aviation‚ combat vehicles‚ weapon systems and munitions; ship building and marine systems; and mission-critical information systems and technology (Corporate Overview‚ 2012).” In 2012‚ General Dynamic’s revenue has expanded from $4 billion to over $32 billion and the workforce has steadily increased from 29‚000 to
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Creating a Balanced Curriculum for the 21st Century Throughout history the purposes and components of a school’s curriculum have incorporated a variety of elements. The goals of education have varied from creating a productive citizen to producing a respectful and moral person to generating a basic knowledge of subject areas to preparing the student for skilled employment. With the fast paced changes in technology in the 21st century the need for a meaningful and well-developed curriculum
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Maintaining a healthy balanced diet is important for maintaining optimal health throughout life. For women of childbearing age‚ good nutrition is important for preparing the body for the demands of pregnancy. During pregnancy‚ a woman’s macronutrient (energy) and micronutrient (e.g. vitamins‚ mineral) requirements increase‚ and it is even more important that she consumes food which will give her both the energy and the specific micronutrients which are essential for maintaining her and her growing
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