Term Paper On Management Control System Topic: Recent Balance Scorecard Theory & Practices Of Bangladeshi Company SUBMITTED TO: Md. ABUL KASHEM Associate professor SUBMITTED BY: RIFFAT ARA RAFIQ; ID: 61018-11-061 SESSION: Fall’ 2011 DATE OF SUBMISSION: 26th DECEMBER ’2011 DEPARTMENT OF MANAGEMENT INFORMATION SYSTEM Acknowledgement I express my gratefulness to Almighty Allah for his kindness, which enabled
Words: 6477 - Pages: 26
Since the 1990s, the Balanced Scorecard system has cut a path in business as a more rigorous way to measure performance by quantifying what had been considered intangible assets, such as human capital, information, and culture. The system draws strength from four perspectives: 1) financial measures; 2) customers; 3) internal processes; and 4) learning and growth. Developed by HBS professor Robert S. Kaplan, chairman of the Balanced Scorecard Collaborative, and David P. Norton, co-founder with Kaplan
Words: 1142 - Pages: 5
CMR 073 D Linking the Balanced Scorecard to Strategy O N Robert S. Kaplan David P. Norton O S T everal years ago, we introduced the concept of a “Balanced Scorecard” for motivating and measuring business unit performance.1 The Scorecard, with four perspectives—financial, customer, internal business processes, and learning and growth—provided a balanced picture of current operating performance as well as the drivers of future performance (see Exhibit 1). Can Business
Words: 10522 - Pages: 43
business is the balanced scorecard. The internal and external communication of the organization will improve with the assistance of this tool. The balance scorecard helps a business or organization to achieve long-term prosperity by monitoring the performance of the financial perspective, internal operation perspective, customer’s perspective and learning and growing process against the strategic goal, and contributes to the success of the organization. The remainder of this paper is dedicated to
Words: 853 - Pages: 4
January 2005 Re-examining the cause-and-effect principle of the Balanced Scorecard* Per Nikolaj Bukh, pnb@pnbukh.com, Aarhus School of Business Teemu Malmi, teemu.malmi@uts.edu.au, University of Technology, Sydney & Helsinki School of Economics Abstract There seems to be a wide variety of methods in how organizations apply the Balanced Scorecard (BSC) concept in practice and how it is interpreted in the literature. Consequently, it is not quite clear what the core features of BSC, or its variants
Words: 12575 - Pages: 51
the following in order: 1. Brief description of the organization/segment–1 paragraph. 2. SWOT analysis in chart form–Four categories - Strengths, Weaknesses, Opportunities, Threats - each item should be clearly and concisely stated. 3. Balanced Scorecard in chart form. Clearly and concisely list CSFs in each of the four categories identified in the text. For each CSF indicate in a separate column explain how the measurement of the CSF will transpire. 4. A discussion of the CSFs chosen for
Words: 472 - Pages: 2
Business Model and Strategic Plan III, Balance Scorecard and Communication Plan Abstract This paper discussed issues and strategies of implementing a Balanced Scorecard in order to facilitate strategic planning in PepsiCo’s Mountain Dew Energy drink company KickStart. PepsiCo has been using the Balanced Scorecard in order to manage its performance measures for the implementing of the Balanced Scorecard to try and select the appropriate performance measures for the area’s listed below;
Words: 1093 - Pages: 5
Alba Belegu ID 6668 Performance Management 5515/S SMC University Dr. Thomas Grisham January 2, 2013 Author Note Alba Belegu, Doctorate in Business Administration student, SMC University. Correspondence related to this paper should be addressed to Alba Belegu, Department of Management, American University in Kosovo, Germia Campus, 10000, Pristina, Kosovo Contact: abelegu@aukonline.org DQ # 1 State the measurement system used by your employer and recommend how it could be improved
Words: 1739 - Pages: 7
Foundations of the Balanced Scorecard Robert S. Kaplan Working Paper 10-074 Copyright © 2010 by Robert S. Kaplan Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Conceptual Foundations of the Balanced Scorecard1 Robert S. Kaplan Harvard Business School, Harvard University 1 Paper originally prepared
Words: 12283 - Pages: 50
weaknesses to ensure a successful start of the merger. 3. Analyze the four aspects of the scorecard from the attached “Business Scorecards” for each company. Consider the following in your analysis: • How do these scorecards represent the differing cultures and visions of the companies? • Do the scorecards address the strengths and weaknesses you noted, and, if not, should they? B. Develop a balanced scorecard for the merged company based on the specified strategic goals. C. Analyze the strengths
Words: 498 - Pages: 2
