Agenda • Company background • Country • Volkswagen do Brasil • Challenges Thomas Schmall faceed upon becoming CEO of Volkswagen do Brasil (VWB) • VWB’s new strategy • Role of strategy map and Balanced Scorecard in the new strategy. • Strengths and weaknesses of the scorecard • Using the scorecard to deal with the challenges faced by the company in January 2009 Volkswagen background 370 000 Employees world wide 61 Production facility Across 21 countries 6.3 M Vehicles across 10 brands 10.3% Market
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Drving Strategy with the Balanced Scorecard Name: Roy Stoop Student number: 5877431 MSc Business Studies/Business Administration – Marketing Track University of Amsterdam (UvA) Date of submission: 23-10-2014 Case questions 1. What challenges does Thomas Schmall face upon becoming CEO of Volkswagen do Brasil (VWB)? 2. Describe VWB’s new strategy and comment on it in terms of quality of strategic thinking. 3. Does the strategy map (Exhibit 4) and the Balanced Scorecard (Exhibit 5) help Schmall and
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Chapter 2 The Balanced Scorecard and Strategy Map | | ------------------------------------------------- QUESTIONS 2-1 Financial performance measures‚ such as operating income and return on investment‚ indicate whether the company’s strategy and its implementation are increasing shareholder value. However‚ financial measures tend to be lagging indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers
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1. Strategy in the second half of the 1980s: Having innovative‚ high-quality products and being a reliable‚ responsive supplier. 2. (1) Benefits of the “half-life”: it will encourage the company to reduce cost and defective rates. The total quality of the production has been improved. (2) Limitations of the “half-life”: it focuses only cost‚ not revenues. The quality goals and the company’s goals were in conflict. Half-life made the whole company centered on the quality improvement‚ while
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Financial Services provide financial services to its customers via World Wide Web. * Value Chain: Capital suppliers | Products/Services | Distribution | End users | Technological Development | Human Resources | Infrastructure | Risk Management Guidelines | * Porter’s Five Forces: * SupplierOverall: Low * Bank capital supplier: many depositors Low * CustomerOverall: High * Buyer information availability: compare online
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teams. Instead of hiring new employees‚ Walmart’s strategy was to make sustainability a new responsibility for all current employees. Only small teams of executives were dedicated to work on sustainability full-time. Consulting groups‚ academics‚ suppliers‚ nongovernmental organizations‚ critics‚ and competitors were all asked for their input in order to help Walmart collect data. This allowed Walmart to avoid having to hire a whole new department of staff‚ allowing them to cut their costs. As Elm
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1SYNC Data Accuracy Scorecard Helps Heinz Improve Sustainability and Customer Service CAse study 1SynC data accuracy Scorecard helps Heinz improve sustainability and customer service CHALLENGE Heinz needed a more proactive way to manage its data and ensure absolute accuracy. CHALLeNGe H.J. Heinz Company Top Brand; Top Data Heinz needed a more proactive SOLUTION way to manage its data and ensure By implementing the absolute accuracy. 1SYNC® Data Accuracy Scorecard‚ Heinz enhanced data
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management Project Blue Sky Produce Ltd (BSP) Hermela Woldemariam EAC1211733 Content 1. Introduction………………………………………………….3 2. Supply chain system ………………………………………5 3. Order entry …………………………………………………..6 4. Supplier notification ………………………………………..7 5. Supplier conformation………………………………………7 6. Raw Material delivery ……………………………………….7 7. Assembly……………………………………………………..8 8. Delivery……………………………………………………….8 9. Operation Management …………………………………...;9 10. Tracking and
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from the right supplier in the right quantity at the right time and lastly‚ at the right price. b. Developing alternative sources of supply Alternative sources of supply should be exposed for increasing the bargaining power of the buyer and minimizing the cost of purchases. Purchases can be made from alternative sources if a particular supplier fails to supply the required items. c. To establish and build strong relationships with the suppliers Select competitive suppliers Identify new
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Once inventory is stratified as A‚ B‚ C‚ D‚ X and Y items‚ the classification aids in making several business decisions. How does inventory stratification influence i. Supplier Management? ii. Inventory Management? iii. Customer Management? iv. Warehouse Management? v. Sales Management? vi. Pricing Management? vii. Marketing Management? viii. Reinvestment Decisions? Creating shareholder value is the ultimate goal of all businesses‚ so all
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