A Report on the Balance Scorecard
Name of Tutors : Dr. Bonnie Hampson
University of Southern Queensland
: Stanley Proctor
UUNZ Institute of Business
Auckland, New Zealand
Due Date : 30 April 2015
Catherine C. Zaide Student Number at UUNZ : 703727
Student Number at USQ : U1076832
As requested by the accountant of Pioneer Company here is a report regarding the Balanced
Scorecard and it’s use in assisting the company’s progress towards its objectives.
Firstly, how would companies continue to gain profit despite the demands and changes that clients require? Should the focus just be on gaining profit and look
at the financial sector/factors or should the company’s view be on the totality of it’s performance? The focus should be on both the financial and non-financial measures of a company. This is where the idea of the “Balanced Business Scorecard” is important – as a tool for improving the performance of a whole organisation, a large department or a small team. The Balanced Scorecard or Weighted Scorecard helps you measure and improve performance in an integrated way. The scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.
The development of performance measurement could be divided into four perspectives: financi...
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...ill be less by administering third party requirements as a pre-requisite of any consumer related agreement executed by the governing company.
List of References
Retrieved from http://balancedscorecard.org/portals/0/pdf/Make_Performance_Improvement_Strategic_BSI_Rohm.pdf
The Balanced Scorecard - Motivating employees to deliver your strategy. (n.d.).
Retrieved from http://www.timeanalyzer.com/lib/scorecard.htm
Balanced Scorecard | Performance Management & Measurement in Kenya. (n.d.).
Retrieved from http://balancedscorecardkenya.com/
What is the Balanced Scorecard?. (n.d.). Retrieved from http://balancedscorecard.org/Resources/About-the-Balanced-Scorecard
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