Unit 4 - Individual Project

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Question Description

2–3 pages

Key Assignment Draft

You, Mike, and Tiffany meet in a conference room to begin to assemble your final presentation.

This presentation will be the project deliverable, so you want to make sure you have provided all of the requirements.

Mike begins, “I think we’ve done some pretty good analysis on our strategy. We just have to put the pieces together before the final presentation.”

“We do have some solid information, but we have to look at all the parts to see if we can remain competitive,” Tiffany adds.

Complete the following:

  • A balanced scorecard is used to align the business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. Based on your analysis of the company’s four perspectives in IP3, develop a complete balanced scorecard that helps put the pieces together for your final presentation. Once completed, answer the following questions.
  • What are the considerations that you need to be aware of to remain competitive?
  • Based on the research and analysis that you have done, can you compete in the market that you have chosen? Why or why not?
  • What primary factors led you to this decision?
  • What would you say to someone who would dispute your position?
  • How do you plan on evaluating the global marketplace in the future?

Assignment Objectives

Compose, prepare and recommend strategies to achieve and sustain a competitive market profile.

Formulate a balanced score card that translates a company’s strategic objectives into a coherent set of performance measures.

Tutor Answer

mikyreeve
School: Rice University

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Running Head: UNIT 4 - INDIVIDUAL PROJECT
Unit 4 - Individual Project
Student’s Name
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UNIT 4 - INDIVIDUAL PROJECT
Comprehensive Balance Scorecard
The balanced scorecard is usually used to provide fiscal procedures and be able to
determine the performance of an organization through an assessment that is conducted for
example growth of the organization, company’s customers and internal occupational procedures
are the main assessment made.
i.

Offers our custom furniture manufacturer corporation a guideline to observe development

and project fiscal results which would lead to the sustenance of the development requirements
that are maybe coming.
ii.

Helps to show the competence of our organization in incorporating schemes that are long-

lasting with temporary actions.
iii.

Outcomes from all the projects invested by our organization administration systems

showing the fiscal procedures which are meant to abandon long lasting goals and grant break in
future development.
iv.

Both short term and long term goals are supported by the four administration procedures

which are granted by the wide-ranging balanced scorecard (Kaplan, & Norton, 2007).
Values and Competitive Position
The convection furniture company has a competition position which is directe...

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Review

Anonymous
Thanks, good work

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