BSBMGT515A: Manage Operational Plan Timothy Coy 13/07/2012 Section 1 Assessment activity 1 In your own words‚ describe the purpose of the operational plan and its relationship to the strategic plan. The purpose of the operational plan is to focus on shorter term objectives usually within 1 up to 3 years. For plans of 2 to 3 years‚ a more detailed breakdown of shorter timeframes should be included within the body of the document. An operational plan provides detailed information on planning
Premium Balanced scorecard Strategy map Strategic management
The primary purpose of various healthcare organizations’ balanced scorecard is to achieve the long-term adaptation and survival of its processes. Consequently‚ the balanced scorecard that is adopted by the healthcare organizations focuses on achieving their mission‚ program service improvement‚ strategic management‚ and quality management. Besides‚ studies indicate that the health sector adopts the balanced scorecard to focus on achievement of the system mission‚ improve the services and programs
Premium Health care Health care provider Medicine
Business Decision Making – Homework #2 Five Forces Model for Apple 1/30/14 Rivalry amongst competing firms – Apple is in the unique situation that it has its own proprietary operating system and only used by Apple. So although the competition is fierce for customers‚ it is a different type of battle for Apple than for others such as Samsung‚ Google or Microsoft. Apple does face stiff competition but it is in the battle for use-case preference. The Android or Windows OS is different
Premium Operating system
As depicted in figure 2‚ the balanced scorecards would reflect the strategy of the organisation in a manner that can be translated easily to all stakeholders within the organisation. (Kaplan‚ 1992) states that organisations need to align the recognition and rewards of their employees to the entire balanced scorecard. Levi Strauss would need to review the incentives of the employees from cash flow focus to the balanced scorecard described above. Once the linking of objectives to critical success factors
Premium Management Strategic management Organization
Wendy’s International: Balanced Scorecard |Area of Objectives |Measure of Target |Time Expectation/Targets |Primary Responsibility/Initiatives| |Customers | |High quality |Customer/industry surveys with an |Every month; |Quality Management – Set high | |
Premium Fast food Hamburger Operating expense
A Balanced Scorecard for General Practice Andrew Ridley Director of Primary and Community Care Commissioning Tower Hamlets PCT Overview • Why a BSC ? • How was it developed ? • What’s in it ? • How is it being implemented ? • Barriers and issues • Improvements delivered as a result ? • What next ? Why a BSC ? • A Focus on our role as Commissioner • Variation in quality between practices • Are the poor always poor ‚ or the good really always good ? • Support a move from anecdote to transparent
Premium Contract Improve Contractual term
Balanced Scorecard Traditional Performance Measurement Historically‚ the measurement system for business has been financial. Activities of companies were measured and monitored through the traditional financial accounting model. However‚ the extensive‚ even exclusive use of financial measurements in business has been criticized primarily because an overemphasis on achieving and maintaining short-term financial results can cause companies to overinvest in short-term fixes and to underinvest
Premium Balanced scorecard Strategic management
The Balanced Scorecard for Hospital Performance and Productivity ABSTRACT The purpose of this paper is to provide an overview of the usefulness of the Balanced Scorecard in improving a hospital’s management and delivery of health care at reduced cost without loss of quality. This paper describes an approach to designing and implementing a balanced scorecard system for measuring performance and productivity in a hospital setting. Specific measures of performance criteria are suggested as well as
Premium Health care Health care provider Balanced scorecard
THE BALANCED SCORECARD: STRUCTURE AND USE IN CANADIAN COMPANIES A Thesis Submitted to the College of Graduate Studies and Research in Partial Fulfillment of the Requirements for the Degree of Master of Science in the Department of Accounting University of Saskatchewan Saskatoon Marvin J. Soderberg Copyright Marvin Soderberg April 2006. All Rights Reserved. Use shall not be made of the material contained herein without proper acknowledgement‚ as indicated on the following page
Premium Balanced scorecard Strategic management Management
The Balanced Scorecard for Ford’s North American Business Unit Table of Contents Executive Summary…………………………………………………………………….2 Mission Statement………………………………………………………………………2 Balanced Scorecard…………………………………………………………………….3 Financial Perspective………………………………………………………………......5 Customer Perspective………………………………………………………………....10 Internal Business Process Perspective……………………………………………….12 Learning & Growth Perspective……………………………………………………..14 Conclusion…………………………………………………………………………
Premium Ford Motor Company Balanced scorecard Strategic management