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This is a group assignment. But i can't do my own parts. My parts was doing question 6 ( The Balanced Scorecard and the strategy map) - please use the reference by Kaplan and Norton. ( see the...

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This is a group assignment. But i can't do my own parts. My parts was doing question 6 ( The Balanced Scorecard and the strategy map) - please use the reference by Kaplan and Norton. ( see the attached file for the Balance Scorecard)
The strategic initiatives is 'cost saving'. You can see the details of the report in strategic management.docx file i upload. So before you write the balance scorecard you need to refer to the strategic initiatives 'cost saving'.
Question 6 :
Explain how the organisation can measure the strategic initiative you proposed. Focus specifically on:a. A set of key success measures for the strategic initiative, using Balanced Scorecard.b. Draw a strategy map that indicates the key success measures and their hierarchical relationships.
At least write up to XXXXXXXXXXwords.
Answered Same Day Oct 13, 2020 BUSM3125

Solution

Sundeep answered on Oct 14 2020
146 Votes
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Strategy Map
A strategy map is a diagram which would show how the value is being created by the company by accomplishing the strategic objectives in a relationship diagram by the cause and effect showcase. There are 4 balanced perspectives in the strategy map which are: Customer, Financial, Internal process and Organizational Capacity. One of the main points of strategy map is that it is linked to the balanced scorecard and it monitors the process towards the strategic objectives. The scorecard is the mapping which depicts the strategic initiative that is driving the performance towards the achievement of the objective.( Lueg, R. (2015).)

Balanced Scorecard
· The Balanced Scorecard is a strategic planning and management method used to:
· monitor organisational performance against strategic goals.
· align...
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