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Company -telstra A description of the ways the implementation of the BSC can improve the competitive advantage(s) of your company.

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Company -telstra
 A description of the ways the implementation of the BSC can improve the competitive advantage(s) of your company.
Answered Same Day Jun 02, 2021

Solution

Nishtha answered on Jun 03 2021
148 Votes
MANAGEMENT ACCOUNTING
AMAYSIM
Table of Contents
Introduction    3
How Implementation of BSC Can Improve Competitive Advantage of Amaysim    3
Conclusion    4
References    5
Introduction
Balance scorecard (BSC) is a tool for the performance management of the company. This extension helps company to strategically more balanced and differentiated decisions (van Veen-Dirks & Lillis, 2018). It allows company to have holistic view of its business operation by focusing on majorly four aspects that is financial, internal processes, customer prospective and learning and growth. A company sets goals in each of these perspectives and earns immense value out of this balance scorecard system.
How Implementation of BSC Can Improve Competitive Advantage of Amaysim
Amaysim is an Australian provider of mobile and energy plans. Amaysim founded as an Australian telecommunications. It is the fourth largest mobile service provider in Australian market (Amaysim, 2020). The four perspective of balance scorecard to improve the competitive advantage and sustain in market is as follows.
Financial Perceptive
It speaks to the voice of shareholders. The funding space from different sources, allows Amaysim to restructure its internal management. It facilitates strength to the balance sheet of the company and increases its mobile subscriber base. Shareholders focus on launching new energy plans and invest in new technological platforms. Their long-term approach and bold strategy results showed in the success of capital enhancement in assessment year 2019. Main objective of...
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