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· Week 6 Balanced Scorecard Part I

Assignment

Updated

Task: Submit to complete this assignment

Top of Form

https://learn.umuc.edu/d2l/img/lp/pixel.gifDue October 21 at 11:59 PM

Bottom of Form

Required Reading:

http://www.netmba.com/accounting/mgmt/balanced-scorecard/

http://www.quickmba.com/accounting/mgmt/balanced-scorecard/

This Power Point presentation also explains the balanced scorecard

Read the lecture material "Required Information on Metrics" posted in this week's module.

 Assignment (6%): Part I. Create Balanced Scorecard

1. Build a Balanced Scorecard for the unit of the organization for which you work, or have worked, or one with which you are personally familiar. Unless you are in senior management, focus on the unit with which you are most familiar rather than the organization as a whole. Identify the strategic objectives of the entire organization and the secondary objectives for the unit. Develop three specific objectives within each of the four perspectives for the unit. Each objective should have at least one quantified target metric associated with it.

It is essential to understand what metrics are. Be sure to study the lecture material on "More Information on metrics" In this assignment, the specific information needed to calculate each metric should be explained. For each of your recommended metrics, state the appropriate target value and the actions you believe needs to be taken to achieve the target. The paper should be no more than 15 pages, including the reference list, and should be formatted in accordance with the APA guidelines as modified for the MBA program (http://info.umuc.edu/mba/public/MBA-apa.html). Please format your paper in Microsoft Word as a XXX.doc or XXX.rtf file, and place the paper in your assignment folder.

Metrics

Develop three specific objectives within each of the four perspectives for the unit. Each objective should have at least one quantified target metric associated with it. So your table should contain 4 perspectives, each with 3 specific objectives, and a target value of the metric for each objective. Although you will use information from the company to determine strategic objectives, you would not reveal any protected data for which you are bound by a nondisclosure agreement. The determination of targets and metrics to meet objectives should be your own work.

If you would like to see a sample table of metrics, here is one example:

 Sample Table of Metrics for an Example Business Unit

Perspective

Objective

Metric

Target Value

Financial

Revenue Growth

Operating Profit Growth

Short-term Solvency

Long-term Solvency

Annual Rate of Growth

% EBIT/Sales

Current Ratio

Long-term Debt/Equity

> 6%

> 7%

> 2.0

< 30%

Customer

Increase Number of Customers

Maintaining Transaction Size

Improve Customer Satisfaction

Annual rate of Customers Increase

Average Transaction Size

Median Score: Customer Survey

> 5%

> $600

> 90%

Internal

Product Improvement

Ratio of New to Old Products

Maintain Market Share

% R&D Expense to Revenue

Ratio of New to Old Products

Market Share %

> 4%

> 8%

> 24%

Learning

Employee Training

Employee Turnover

Employee Compensation

Annual Hours of Employee Training

Employee Turnover

Average Compensation

> 30,000

< 3%

> $38,000

Attachments

Balanced Score Card.ppt

(303.5 KB)

· Required Information on metrics

Web Page

Updated

Task: View this topic

· Recommended but not required Videos explaining the Balanced Scorecard

Web Page

Updated

Task: View this topic

· Week 6 Discussion: Assignment Part II

Discussion Topic

Updated

Task: Reply to this topic

Top of Form

https://learn.umuc.edu/d2l/img/lp/pixel.gifDue October 21 at 11:59 PM

Bottom of Form

Discussion Assignment: Part II (2%). Post Executive Summary of your Balanced Scorecard in this Discussion area

By Friday night, create a separate main topic in the Week 6 Discussion, Balanced Scorecard, using your name in the title and post an Executive Summary in the discussion text. Do not include any information in your Executive Summary that you consider confidential because your Executive Summary will be visible to all classmates.. But you can include information in your paper that you wish to keep confidential (but not any you are legally bound to protect) because your assignment folder is private. Critique at least two of your classmates' Executive Summaries in this Week 6 Balanced Scorecard Discussion. All postings must be completed by Sunday midnight.

· Supplemental Materials for Week 6 topics

{count} items shown.{count} items selected. All items selected. Clear Selection

· Reading (Recommended but not required)

Web Page

Updated

Task: View this topic

· Valuation, Capital Budgeting, and Value-Based Management

Link

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·

Week 6 Balanced Scorecard Part I

Assignment

Updated

Due October 21 at 11:59 PM

Required Reading:

http

://www.netmba.com/accounting/mgmt/balanced

-

scorecard/

http://www.quickmba.com/accounting/mgmt/balanced

-

scorecard/

This Power Point presentation also explains the

balanced scorecard

Read the lecture material "Required Information on Metrics" poste

d in this

week's module.

Assignment (6%):

Part I. Create

Balanced Scorecard

1. Build a Balanced Scorecard for the unit of the organization for which you

work, or have worked, or one with which you are personally familiar. Unless

you are in senior management, focus on the unit with which you are most

familiar rather than the organi

zation as a whole. Identify the strategic objectives

of the entire organization and the secondary objectives for the unit. Develop

three specific objectives within each of the four perspectives for the unit. Each

objective should have at least one quantifi

ed target metric associated with it.

It is essential to understand what metrics are. Be sure to study the lecture

material on "More Information on metrics" In this assignment, the specific

information needed to calculate each metric should be explained. F

or each of

https://umuc.webex.com/umuc/ldr.php?RCID=b9cc47ec59762e844f6affa7bac85e87

(copy in browser)



Week 6 Balanced Scorecard Part I

Assignment

Updated

Due October 21 at 11:59 PM

Required Reading:

http://www.netmba.com/accounting/mgmt/balanced-scorecard/

http://www.quickmba.com/accounting/mgmt/balanced-scorecard/

This Power Point presentation also explains the balanced scorecard

Read the lecture material "Required Information on Metrics" posted in this

week's module.

Assignment (6%): Part I. Create Balanced Scorecard

1. Build a Balanced Scorecard for the unit of the organization for which you

work, or have worked, or one with which you are personally familiar. Unless

you are in senior management, focus on the unit with which you are most

familiar rather than the organization as a whole. Identify the strategic objectives

of the entire organization and the secondary objectives for the unit. Develop

three specific objectives within each of the four perspectives for the unit. Each

objective should have at least one quantified target metric associated with it.

It is essential to understand what metrics are. Be sure to study the lecture

material on "More Information on metrics" In this assignment, the specific

information needed to calculate each metric should be explained. For each of

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