Balance scorecard Definition Balance scorecard also known as BSC. BSC was developed by Robert Kaplan and Norton in the early 1990s. Balance scorecard comes from two words namely balance and scorecards. Balance mean a balance between financial and non-financial performance‚ short-term performance and long-term performance‚ the performance of which is internal and external. When the scorecard also mean that the card is used to measure one’s performance score. At first scorecard used to measure performance
Premium Finance Business terms Marketing
Summary Columbia Memorial Hospital is an acute-care hospital operated by Health Services of America. It is a for-profit healthcare facility. Mike Reynold‚ who is the chief executive officer (CEO) of the facility is concerned about the profitability of
Premium Hospital Economics Health care
Sustainability and the Balanced Scorecard: Integrating Green Measures into Business Reporting By: Chris Apel Managerial Accounting 12-2-12 Practices that are good for the environment and society may appear to have a negative impact on corporate profitability‚ but use of the balance scorecard can result in a clearer picture of the relationship among sustainable practices‚ corporate strategies‚ and profitability. This article explores three ways that sustainable practices can be incorporated
Premium Strategic management Balanced scorecard Sustainability
The scorecard The scorecards measures of key indicators‚ focuses managers and employees attention on what is important to the organization. Focusing on desired result increases the ability the relative effectiveness of various policies and practices. Just as organizations keep scorecards on their financial effectiveness. The importance of evaluating HRM Hr managers are unable to describe their contribution so‚ the evaluating of HRM is important. The HR department is being treated like other operational
Premium Management Employment Measurement
clinic’s situation without the new marketing program. How many additional daily visits must be generated to break even? Construct a break-even graph that can be included in your report The preceding question is if the clinic continues operating the hospital without expanding its marketing program‚ what would be outcome? In essence‚ continuing to operate the clinic with no new marketing plan have two outcomes: make or break the clinic. The main benefit of this decision is that there will be no adjustments
Premium Marketing Management Revenue
Parasitol Res DOI 10.1007/s00436-012-3021-8 ORIGINAL PAPER Larvicidal‚ pupicidal‚ repellent and adulticidal activity of Citrus sinensis orange peel extract against Anopheles stephensi‚ Aedes aegypti and Culex quinquefasciatus (Diptera: Culicidae) Kadarkarai Murugan & Palanisamy Mahesh Kumar & Kalimuthu Kovendan & Duraisamy Amerasan & Jayapal Subrmaniam & Jiang-Shiou Hwang Received: 26 May 2012 / Accepted: 19 June 2012 # Springer-Verlag 2012 Abstract Mosquitoes are the carriers
Premium Mosquito Dengue fever Malaria
Barriers to the Successful Implementation of the Balanced Scorecard - the Case of Plava Laguna J.S.C. CONTENTS CHAPTER 1: INTRODUCTION .............................................................................. 1 1.1. 1.2. 1.3. 1.4. Background and motivation for the study...................................................... 1 Problem statement ....................................................................................... 2 Research purpose .............................
Premium Balanced scorecard Strategic management Management
The approach of a balance scorecard in achieving strategic objectives in organisation. Introduction: In current upsurge in economic condition globally brought on by competition and uncertainty‚ all organisations are impacted with need for changes to remain viable in performance of duties. This trend have prompt companies in adopting suitable approach which are unique to its operation and thus being effective in achieving goals objectives and prospect for development. The development of
Premium Strategic management Management Balanced scorecard
A lot of guys turn their noses up at the mention of a pedicure. All they think about is nail polish and foot massages. However‚ pedicures come in many different forms. The Babyfoot peel is a pedicure that any guy (or gal) shouldn’t hesitate to try. The Reality of Feet Think about the wear and tear your feet go through from the time you start to walk. You use your feet for standing‚ walking‚ running‚ balancing‚ and dozens of other things. From the time you begin to walk‚ your feet start to develop
Premium Nutrition Skin Health
SFU The Balance Scorecard Initiative BUS 322 – Written Case Miranda Zhang 7/29/2014 Executive Summary This report provides the analysis of case study given to me. Gail Palmer Ashton Graduate School of Business ranks among the top schools of USA but the dean of the institute feels that the school has deviated from its foundations. This analysis proposes implementation of the balanced scorecard and performance metrics in order to achieve the four strategic goals of the institution.
Premium Business school Management Strategic management