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Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the organization, or to minimize a potential threat. What does the organization need to do to advance its goals and/or expand its competitive advantage? How will you measure their progress?

Use the Balanced Scorecard Template to:

Create at least 3 measurable project objectives for each quadrant of the scorecard based on your analysis.
Determine targets, timelines, and metrics for each objective.

Explain the following in XXXXXXXXXXwords on the Balanced Score Card Template:

Why these objectives are appropriate for the project.
Why these metrics and timelines are appropriate for your strategic plan.

Important: This requires more than a top-of-mind listing of objectives. Research is necessary to determine reasonable objectives based on industry standards or benchmarks.

Cite all sources following APA guidelines. You must use a minimum of 2 sources (1 may be the text readings) with at least 1 source being peer reviewed.

bus475v11wk3balancedscorecardtemplate-5lheft3o.docx

Ayan · Accepted Answer

Insert Title
BUS/475 v11
Balanced Scorecard Template
BUS/475 v11
Page 3 of 4
Balanced Scorecard Template
Usethe organization you chose in Week 1 as a resource for this assignment.(Tesla, Inc.)
Background
Strategic objectives are a measure of attaining your vision and mission. They reflect the vision, mission, and values of the business, as well as the outcomes of the internal and external environmental analysis.
Scorecard Areas
Develop at least three strategic objectives for each of the four balanced scorecard areas.
	FinancialObjectives
	Measures
	Targets: Timeline/ Metrics
	Increase market share
	Total Revenue
	Increase 5% in first year
	Increased global expansion.
	Add other nations in Asia and Europe
	Expand 25% in the first year
	Increase production sales.
	More factories should be opened to create more automobiles.
	Increase 50% in the first year
	Increase revenue.
	By obtaining batteries from China, you may reduce expenses.
	Cut costs by 40% to increase profit
	Customer Objectives
	Measures
	Targets: Timeline/ Metrics
	Increase customer value
	Increase profit contribution per customer
	Increase 5% in first year
	Increase human interaction
	Instead of driving everyone to the app, provide customers the option to call customer care.
	Increase 10% in the first 2 years
	Certify Mechanics with Tesla
	Allow 3rd party mechanics to work on Tesla.
	Increase in education 25% in the next 3 years.
	Increase service centers
	Allow 3rd party mechanics to work on Tesla.
	Increase in opening more service centers by 40% in the next 2 years
	Internal Business 
Process Objectives
	Measures
	Targets: Timeline/ Metrics
	Decrease lead times for new contract implementation
	Project implementation time frames
	Decrease time by 3% in first year
	Increase product differentiation
	Develop a strategy to distinguish Tesla from other premium electric vehicle manufacturers.
	20% increase in employees working at service centers.
	Increase technological reliability
	Even though they are incredibly dependable vehicles, technology might still use some work.
	40% increase in employees and improvement within the next year
	Improve brand image
	As consumers are being served,

Assignment Content Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the...

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