2019-01-30T09:16:11+00:00

Develop the strategic objectives for your business in the format of a balanced scoreboard. 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 o

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Balanced Scorecard for Strategic Management

Hi! I need assistance with the following:

*Resources: Exhibit 7-1 in Ch. 7 of Strategic Management

Develop the strategic objectives for your business in the format of a balanced scoreboard. 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 scoreboard when developing your strategic objectives.

*Shareholder Value or Financial Perspective, include strategic objectives in areas such as:

-Market share
-Revenues and costs
-Profitability
-Competitive position

*Customer Value Perspective includes strategic objectives in areas such as:

-Customer retention or turnover
-Customer satisfaction
-Customer value

*Process of Internal Operations Perspective, includes strategic objectives in area such as:

-Measure of process performance
-Productivity or productivity improvement
-Operations metrics

*Learning and Growth (Employee) Perspective, 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

Develop at least three strategic objectives for each of the following four balanced scorecard areas identifies above (Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in part, based on an evaluation of a number of potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis paper and table you completed in Week 3. Base your solutions on a ranking of alternative solutions that includes an identification of potential risks and mitigation plans, and a stakeholder analysis that includes mitigation and contingency strategies. You should also incorporate the ethical implications of your solutions into your selection.

*For each strategic objective, develop a metric and target using a balanced scorecard format. (For 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 in a 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.)

-Write a 700-1,050 word summary that explains your critical thinking on how you derived your objectives from your vision, mission, values, and SWOTT analysis.

*Attached is my Week 3 Paper & table.
*Please use and provide all necessary references.
*Format paper according to APA guidelines.


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