Question 2 Scenario: There are different strategic performance frameworks, which measures the performance financially and Non...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 2 Scenario: There are different strategic performance frameworks, which measures the performance financially and Non -Financially. The difference between private and public sector balanced scorecard is very important. It was determined by placing 'mission' at the top of the framework and connecting the "customer perspective' directly to the 'mission'. Kaplan and Norton's BSC has become the most dominant strategic performance measurement framework, but other scorecard practitioners recognized the need for alternatives to the original BSC framework to reflect differences among their structures and environment. Required: With reference to the above scenario a) Explain what is Balanced scorecard? Balanced scorecard for the public and not-for-profit sectors is different from original balanced scorecard introduced by Kaplan and Norton. Evaluate how Note -- You can illustrate your answer with the help of a diagram also. 15 Marks. Question 2 Scenario: There are different strategic performance frameworks, which measures the performance financially and Non -Financially. The difference between private and public sector balanced scorecard is very important. It was determined by placing 'mission' at the top of the framework and connecting the "customer perspective' directly to the 'mission'. Kaplan and Norton's BSC has become the most dominant strategic performance measurement framework, but other scorecard practitioners recognized the need for alternatives to the original BSC framework to reflect differences among their structures and environment. Required: With reference to the above scenario a) Explain what is Balanced scorecard? Balanced scorecard for the public and not-for-profit sectors is different from original balanced scorecard introduced by Kaplan and Norton. Evaluate how Note -- You can illustrate your answer with the help of a diagram also. 15 Marks.
Expert Answer:
Answer rating: 100% (QA)
a Balanced Scorecard The balanced scorecard is a method which displays organisations performance into four dimensions namely financial customer internal and innovation The four dimensions acknowledge ... View the full answer
Related Book For
Essentials of Accounting for Governmental and Not-for-Profit Organizations
ISBN: 978-0073527055
10th Edition
Authors: Paul A. Copley
Posted Date:
Students also viewed these accounting questions
-
Distinguish between private and public sector organization.
-
The balanced scorecard measures organizational performance along four dimensions. Is it possible that measures on the customer, internal operations, and innovation and learning dimensions could be...
-
How can balanced scorecard measures be used for conversion process planning?
-
List and describe the payment options (terms of sale) that can be applied to domestic U.S. shipments.
-
The number of serious accidents in a manufacturing plant has (approximately) a Poisson probability distribution with a mean of two serious accidents per month. It can be shown that if x, the number...
-
Three projectiles (A, B, and C) are launched with different initial speeds so that they reach the same maximum height, as shown in FIGURE 4-25. Rank the projectiles in order of increasing (a) Initial...
-
Pearce Enterprises reported the following information for the past year of operations: For each transaction, indicate whether the ratio will (I) increase, (D) decrease, or (N) have no effect....
-
Sometimes a business entity will change its method of accounting for certain items. The change may be classified as a change in accounting principle, a change in accounting estimate, or a change in...
-
Consider a risk-averse investor with the power preferences (where y denotes the risk aver- sion magnitude) and an initial fund value of W = 250,000 at date t. The investment environment offers two...
-
Determine the breakeven volume of injections for 2016 using the following formula for the contribution margin ratio approach: Breakeven revenue = Total fixed costs + [(Total variable costs / Total...
-
A research firm claims that the distribution of the days of the week that people are most likely to order food for delivery is different from the distribution shown in the pie chart. You randomly...
-
Compute the weakest precondition for each of the following statements and postconditions: (1) a = 5 * (c (2) x = 3 * Y 3) + 7 (a > 12) x + 5 {x < 8} (3) a= (2 b + 3); b = 5a + 3; {b < 8} (4) if (x >...
-
Dahl Company, a clothing manufacturer, uses a standard costing system. Each unit of a finished product contains 2 metres of cloth. However, there is unavoidable waste of 20%, calculated on input...
-
If I purchased the UK company Tesco for 2 6 . 3 1 billion, how long would it take to breakeven on the investment based on the company net income?
-
Max Corporations stock price is currently $ 1 0 0 . At the end of 3 months it will be either $ 1 1 0 or $ 9 0 . 9 1 . The continuously compounded risk - free interest rate is 2 % . Using the...
-
Define data. What is a data set? What are the key details of datasets? Mention two examples as part of your answer. What is a database? List three (3) examples of databases as part of your answer....
-
Suppose that a sample of 200 is selected from a population of 11,000 items. Of these, 10 items are found to have errors of the amounts shown below. 41.18 15.72 40.53 32.27 17.75 15.15 Construct a 95%...
-
Use a calculator to evaluate the expression. Round your result to the nearest thousandth. V (32 + #)
-
Benton County maintains a tax agency fund for use by the County Treasurer to record receivables, collections, and disbursements of all property tax collections to all other units of government in the...
-
Assume you are an analyst charged with the responsibility of advising investors regarding the general obligation and revenue bonds of 10 cities. You have Comprehensive Annual Financial Reports for...
-
Eastern State College had the following trial balance as of July 1, 2011, the first day of its fiscal year (in thousands): During the fiscal year ended June 30, 2012, the following transactions...
-
Use the statement of cash flows started in Application Problem 18-2. The comparative balance sheet of Flexcor Corporation lists the following long-term assets and their ending balances for the...
-
Use the statement of cash flows started in Application Problem 18-2. The comparative balance sheet of Flexcor Corporation lists the following long-term liability and its ending balance for the...
-
Use the abbreviated comparative financial statements for West Coast Construction, Inc. in the Working Papers. Instructions: 1. Review the comparative income statement and identify the amounts of net...
Study smarter with the SolutionInn App