Create a balanced scorecard for a specific unit of your
organization or of an organization of your choice and then write a paper of
10-to-15 pages in length discussing your balanced scorecard. Giving your
reasoning for the selections and decisions you made.
In writing your paper, identify the strategic objectives of
the entire organization and the secondary objectives for your unit. Then develop three specific objectives
within each of the four perspectives for the unit. Each objective should have at least one
quantified target metric associated with it.
For each metric discuss the appropriate target value and the actions
that need to be taken to achieve the target.
The Balanced Scorecard can certainly be applied to the
Military or to non-profit organizations but it really works best with
for-profit organizations. There is no
need for you or anyone else to use your own organization for this
exercise. Some students may be bound by
confidentiality agreements and CANNOT even use their own companies while others
find it somewhat difficult to apply the Balanced Scorecard to their own
organization.
Please feel free to use any company with which you are
familiar, either as a stockholder, as a former employee or just because you are
interested in the company. My aim is to
see HOW you apply the Balanced Scorecard and I don’t need to know the
particular details of anyone’s organization, if it is difficult for you to
apply it or to reveal information. Also,
please feel free to be creative when you do not have access to data or are
bound by confidentiality agreements not to reveal information. Our aim is to see how well you can use the
balanced scorecard not to find out authentic information about companies.
Upload your paper to Assignments.
In the Week 10 discussion area, post an Executive
Summary. Comment on your classmates’
Executive Summaries in the Week 10 discussion area.
