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Homework answers / question archive / INSTRUCTIONS Purpose of Assignment Students will have the opportunity to develop a Balanced Scorecard

INSTRUCTIONS Purpose of Assignment Students will have the opportunity to develop a Balanced Scorecard

Business

INSTRUCTIONS
Purpose of Assignment Students will have the
opportunity to develop a Balanced Scorecard.
This, in turn, will allow them to create effective
strategic objectives to be included as part of
their overall strategic plan. They will also be
presented with the task of creating a brief
communication plan that will be used by their
proposed division to efficiently distribute
information with regard to their strategic
initiatives. Assignment Steps Resources:
Strategic Planning Outline and Week 4 textbook
readings Create a minimum 10-to-15-page
Microsoft PowerPoint Presentation strategic
objectives summary. Include your balanced
scorecard and its impact on all stakeholders,
and the communication plan. Identify key
trends, assumptions, and risks in the context of
your final business model. Develop the strategic
objectives for your new division of the existing
business in a balanced scorecard format in the
context of key trends, assumptions, and risks.
The strategic objectives are measures of
attaining your vision and mission. As you
develop them, consider the vision, mission, and
values for your business and the outcomes of
your SWOTT analysis. Consider the following
four quadrants of the balanced scorecard when
developing your strategic objectives:
Shareholder Value or Financial Perspective,

which includes strategic objectives in areas
such as: Market share Revenues and costs
Profitability Competitive position Customer
Value Perspective, which includes strategic
objectives in areas such as: Customer retention
or turnover Customer satisfaction Customer
value Process or Internal Operations
Perspective, which includes strategic objectives
in areas such as: Measure of process
performance Productivity or productivity
improvement Operations metrics Impact of
change on the organization Learning and
Growth (Employee) Perspective, which includes
strategic objectives in areas such as: Employee
satisfaction Employee turnover or retention
Level of organizational capability Nature of
organizational culture or climate Technological
innovation Evaluate potential alternatives to the
issues and/or opportunities identified in the
SWOTT Analysis assignment and table you
completed in Week 3. Create at least three
strategic objectives for each of the four
balanced scorecard areas. Base your solutions
on a ranking of alternative solutions including
the following: Identify potential risks and
mitigation plans. Analyze a stakeholder and
include mitigation and contingency strategies.
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strategic objectives for each of the four
balanced scorecard areas. Base your solutions
on a ranking of alternative solutions including
the following: Identify potential risks and
mitigation plans. Analyze a stakeholder and
include mitigation and contingency strategies.
Incorporate ethical implications.
Develop a specific metric and target for
each strategic objective using a balanced
scorecard format. Example: a strategic
objective in the shareholder or financial
perspective is to increase market share. A
metric to actually measure this strategic
objective of market share increase is, "The
percentage of increase in market share." The
target is the specific number to be achieved ina
particular time period. The target for the metric
of "Increase market share" could be "Increase
market share by 2% for each of the next 3
years" of an increase of 2% per year for 3
years. Outline a brief communication plan
discussing how you will communicate the
company's strategic objectives including the
following: Define the purpose. Define the
audience. Identify the channel(s) of
communication and why you selected that
channel. Format your assignment consistent
with APA guidelines. Click the Assignment Files
tab to submit your assignment.

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