Application: Implementation
of the Balanced Scorecard
The term “balanced scorecard” became part of the
professional accounting vernacular in the early 1990s. This nontraditional
approach to measuring strategic performance was developed by Dr. Robert Kaplan
and Dr. David Norton. As the name implies, the goal of the balanced scorecard
is to provide stakeholders with a balanced view of the performance of an
organization.
For this Assignment, review Case 14-1, “Global Oil”
in Chapter 14 of your course text and reflect on the information presented.
Consider how the balanced scorecard should be implemented, including how it the
results of this implementation might contribute to organizational decision
making.
The Assignment:
·
Provide a critical analysis of M&R’s
implementation of the balanced scorecard, including an identification of the
strengths and weaknesses of the program.
·
Prepare a response to the following: Was the
adoption of the balanced scorecard at M&R responsible for turning around
the organization’s financial performance? Explain why or why not.
Submityour
Application by Day 7.
To submit your Assignment, do the following:
·
Save your Assignment as a ”.doc” file with the
filename “WK7Assgn+last name+first initial.doc”. Sally Ride’s filename would be
“WK7AssignRideS.doc”.
·
To upload your Assignment, click on Assignmentson the course navigation menu, and then click the Assignment Turnitin – Week 7link.
General Guidance on
Application Length:
Your Application, due by Day 7, will
typically be 2–3 paragraphs in length as a general expectation/estimate for
each bullet point. Refer to the rubric for the Week 7 Application for grading
elements and criteria. Your Instructor will use the rubric to assess your work.
