In working out your responses to the Discussion
Question, you should choose examples from your own...

Question

In working out your responses to the Discussion 
Question, you should choose examples from your own experience or find 
appropriate cases on the Web that you can discuss.Credit will be given for references you make to 
relevant examples from real companies.How does the Balanced Scorecard build the 
relationship between non-financial objectives and financial objectives? 
Please submit your initial response through the Turnitin submission link 
below in addition to posting it to the Discussion Board thread.

David · Accepted Answer

Balance Scorecard 
Balance Scorecard was introduced by Dr. Robert Kaplan and David Norton as a 
performance measurement structure which combines the strategic non-financial objectives with 
traditional financial objectives so as to provide managers and executives with a balanced look of 
organizational performance. It is a strategic planning and management system that is widely 
implemented across the globe in business, industry, government, nonprofit organizations so to 
make a balance between the business activities and vision and strategy of business, bring 
improvement in internal and external communications and observe organizational performance 
against strategic objectives.  
Balance Scored card is a concept which continues with the traditional financial measures. 
But using only traditional measure is not important for the success of companies which are 
dependent on strong customer relationships and long-term capabilities of employees. Financial 
measure provides information about past data, it is appropriate for industrial age companies.

In working out your responses to the Discussion Question, you should choose examples from your own experience or find appropriate cases on the Web that you can discuss.Credit will be given for...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment