Jul 06, 2017 Others

Balanced Scorecard and Financial Perspective

This paper concentrates on the primary theme of Balanced Scorecard and Financial Perspective in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Business 499: Balanced Scorecard and Financial Perspective

Instructions:

Module 1 - Case

The Balanced Scorecard & the Financial Perspective

Assignment Overview

In this module’s case assignment you will be introduced to the balanced scorecard concept and will begin to consider how organizations link strategy with the balanced scorecard approach. We will look at the interrelationship of strategy and the balanced scorecard approach in more depth later on in this course. For now, however, it is good to understand the fundamentals of the BSC and to consider examples of how organizations have integrated the BSC approach into their daily operations in a fashion that reflects the strategy of the respective organizations. 

To prepare for this case assignment you are to start by reading the required readings identified on the background page. You’ll note that one of those articles includes:

Martello, M., Watson, J., Fischer, M., (2008). Implementing a balanced scorecard in a not-for-profit organization. Journal of Business & Economics Research. 6(9), 67-80. Retrieved from:http://journals.cluteonline.com/index.php/JBER/article/view/2471/2517

This is the case study you will be evaluating for this assignment. Note that there is an option to download the PDF file rather than using the PDF viewer on this page. This may save you some aggravation. 

After reading this article, formulate an argumentative essay around the following thesis statement: 

Cattaraugus County Rehabilitation Center did an effective job of implementing a balanced scorecard approach in a fashion that reflects their organizational mission and vision. 

 If you do not think this thesis is accurate, you can argue that the Center did not do an effective job.

Assignment Expectations

Your analysis should be structured in terms of the following four perspectives (you will be using essentially this same comparative evaluation framework for the first four modules of this course):

Introduction: In this part of your essay you will need to set up your argument by introducing your topic and presenting your position or thesis statement somewhere in this introductory paragraph.

Analysis: In this section you will present several arguments arguing in favor of your thesis statement. Make sure you discuss how the Center used the score card quadrants to align with organizational strategy (or how it failed to do so).

Conclusion: Wrap up your argument with a clear and cogent synopsis of your findings. Do your best to convince your reader (aka, your professor) as to your position.

Additional Instructions: Your argumentative essay should be 3 to 4 pages in length (not counting your title page or references). You must include a list of references. APA formatting is preferred. Do not paste in sections of text into your essay. All of your work must be written in your own words. It’s OK to use a short quote now and again, but quotations must be in quotation marks and properly cited. In-text citations should be used anytime you are borrowing somebody else’s ideas, or information. That is to say, if you are borrowing a thought from a publication from G. Jetson’s article written in 2010, that section of text must be followed with (Jetson, 2010). Quotations, data, and general ideas (put into your own words) should all be cited.

Content:

The Balanced Scorecard and the Financial Perspective Insert Name: Institutional Afflation: Due Date: The balanced scorecard system is utilized widely in many organizations to align or support business activities to the strategy and visions of the firm, enhance external and internal communications, and assess the organization performance based on its strategic goals. Drs. Robert Kaplan and David Norton invented balanced scorecard as a performance measurement system that enables managers to develop a balanced view of how organizations are performing their business activities (MacKay, 2004). The balanced scorecard system offers a clear prescription of what organizations should assess to ensure their financial perspectives are balanced. The system enables organizations to clarify their strategy and visions and transform them to actions and to obtain feedback of both external outcomes and internal business processes to consistently enhance strategic results and performance. This paper explains that the Cattaraugus Country Rehabilitation Center performed an efficient task of implementing a BSC (balanced scorecard) approach in a manner which reflects its organizational vision and mission. The Rehabilitation Center used the balanced scorecard system for assessing performance results and targets based on the four perspectives of performance (innovation, customer, financial and internal processes). Murby and Gould (2005) view that the Center has been responsible for its b...


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