Define the elements that might be presented in a balanced scorecard, business and finance assignment help

User Generated

nobav21

Business Finance

Description

8–10 slides with speaker notes of 200–250 words per slide

Part 1

Your boss recently attended an accounting seminar at which the balanced scorecard was discussed. He has asked you (or your group) to prepare a presentation for the next manager’s meeting about the balanced scorecard and how EEC might adopt it. In your presentation, you (or your group) should complete the following:

  • Define the elements that might be presented in a balanced scorecard.
  • Explain how the elements will be used.
  • Make a recommendation of whether or not EEC should adopt the balanced scorecard.
  • If adopted, how might it improve the company?

Part 2

The President of EEC realizes that the balanced scorecard translates an organization’s mission and strategy into operational objectives and performance measures. You received an e-mail from him asking you to include information in your PowerPoint presentation about tying compensation to performance measures. Discuss the following in your presentation:

  • Describe unethical behavior that can result if the wrong performance measures are used to tie performance measures to compensation.
  • How can EEC avoid these behaviors?
  • How should EEC tie performance measures to compensation?
  • Who is responsible for establishing the performance measures?

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.
Find attached the completed work.
Looking forward to working with you again.
Thank you.

BALANCE SCORECARD

Definition


Balance score card is used in the planning of the organization
aligning the strategy to the vision of the organization.



One of the elements is the financial component that shows the
expenses and revenues of the company.



The customer element focuses on the areas of satisfaction of
customers and the delivery of services.



The process element relates to the processes that the company uses
internally to achieve their objectives.



The learning and development component shows the improvement
in learning in the years that the company has operated.

Use of the Elements


The elements are used in enhancing the improvement of
performance of the co...


Anonymous
Very useful material for studying!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags