Balanced Scorecards and Performance Management
Not what you're looking for?
Provide a brief description of the organization in which you are familiar with that is relevant to performance measurement. Does this organization use the balanced scorecard? If the organization does not use the balanced scorecard, how might the organization use elements of the balanced scorecard? If the organization does use the balanced scorecard, do you think it is used effectively? Explain your response.
How would you define and subsequently measure success of an enterprise-level initiative in a global private sector organization or major public sector agency? Provide an example of a real-world situation to support your argument.
Purchase this Solution
Solution Summary
This posting gives you a step-by-step explanation of the application of balanced scorecard in an electrical lathe making company. The response also contains the sources used.
Solution Preview
Step 1
The organization with which I am familiar with is the company I work for. The company makes and markets electrical lathes. This organization does not use the balanced scorecard. Performance measurement in my company takes place on two levels. In the first level the team to which an employee belongs is evaluated. In the second level, the individual performance is evaluated by the immediate supervisor of the person.
My company can use the balanced scorecard effectively by using criteria that are from each of the four different perspectives. For example, during the performance evaluation of each team ...
Purchase this Solution
Free BrainMass Quizzes
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.