A balance score card is a strategic planning and management system used extensively in business and by organizations worldwide. Benefits of the system include increasing focus on results‚ aligning business activities with organization strategy and improving performance and communications. It Was first published in 1992 by Kaplan and Norton‚ a book followed in 1996. The Traditional performance measurements that only focus on external accounting data were obsolete so this approach is to provide ’balance’
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Chapter 4 Discussion Questions |4-1. |What are the basic benefits and purposes of developing pro forma statements and a cash budget? | | | | | |The pro-forma financial statements and cash budget enable the firm to determine its future level of asset needs and the| | |associated financing
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PEST Analysis The PEST Analysis identifies changes in the market caused by: Political ‚ Economical‚ Social and Technological factors. Political Analysis and Factors: Those Non- Alcoholic Beverages like; Coca-Cola‚ are within the food category‚ under the FDA (Food and Drug Administration). The government has control over the manufacturing procedure of these products in terms of regulations.Companies who fail to meet the standards of law‚ are fined by the government. Following are provided some of
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INTRODUCTION Flexible work (flexi-work) arrangements have been widely practiced in the developed countries and have proven to be beneficial to both employers and employees. Different types of flexi-work arrangements have been documented that are currently being adopted by corporations around the world including Malaysia‚ Singapore‚ and showcases practical examples of companies which have successfully implemented flexi-work arrangements. The common flexi-work arrangements include: flexi-time‚ permanent
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Zeiber’s 2014 income statement and balance sheets. Use the following assumptions: (1) Sales grow by 6%. (2) The ratios of expenses to sales‚ depreciation to fixed assets‚ cash to sales‚ accounts receivable to sales‚ and inventories to sales will be the same in 2014 as in 2013. (3) Zeiber will not issue any new stock or new long-term bonds. (4) The interest rate is 11% for long-term debt and the interest expense on long-term debt is based on the average balance during the year . (5) No interest is
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achieve the company’s vision and strategy. In addition to measuring the financial side‚ the work surface also is added to make up for traditional performance evaluation‚ which emphasizing on financial data. Therefore‚ the Balanced Scorecard can be said a new system of strategic management with the company strategy‚ vision and performance evaluation‚ and not just a performance evaluation system. The Balanced Scorecard is divided into four important perspectives‚ including financial perspective‚ customer
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potential countries having higher levels of accessibility. With this perspective‚ this report provides a strategic profile of South Korea. It does so by compiling published information that directly relates to latent demand and accessibility. The reader new to South Korea can quickly understand where South Korea fits into a firm’s strategic perspective. In what follows‚ Chapter 2 is a general evaluation of the accessibility of South Korea‚ with particular focus on investment and business conditions.
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1.0 Introduction Purpose The purpose of this analysis is to conduct an environmental analysis in the context of AirAsia’s international business operations‚ describing the major variables involved and the impact of the specific threats and opportunities confronted by AirAsia besides that‚ this analysis also helps to identify AirAsia’s competitive strategy and analyse how the strategy is implemented to gain competitive advantage. Background on AirAsia AirAsia was set up by Dato’ Tony Fernandes
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gov.uk/ewt/whymore.htm - Accessed 12 March 2013 Anon (N.D.) Investopedia: “Comparative Advantage” [Online] available on www.investopedia.com - Accessed 12 March 2013 Task 3 Anon (N.D.) Tutor 2U: “Balance of Payment” Anon (N.D.) http://tutor2u.net/economics/revision-notes/as-macro-balance-of-payments.html - Accessed 14 March 2013 Elliot & Elliot. (2004)‚ Financial Accounting and Reporting (8th Edition)‚ FT/Prentice Hall. Lewis‚ R. & Pendrill. D. (2004)‚ “Advanced Financial Accounting”
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The Balance of Liberty and Order History 101 During the 1780’s there was much turmoil and conflict in establishing a solid government. It seemed that everyone had their own opinion on what would be beneficial to maintain liberty and order. There were many problems with the Articles of Confederation‚ which had a failing result. The Articles of Confederation were the initial cause of the dramatic decline in the organization of the early United States. In response to this‚ people had many different
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