Karen is the executive director for a nonprofit daycare organization called Kids-Can-Play. There is an emerging trend
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Karen has heard that Balanced Scorecards are a valuable strategic management system that can help an organization translate their mission and strategy into operational objectives and performance measures but is unsure about how to construct one for Kids-Can-Play. Karen has asked you to draft a Balanced Scorecard to facilitate Kids-Can-Play's transition from traditional curriculum delivery to play-based learning, as well as the organization's desire to offer more innovative options to parents. Karen is hoping that Kids-Can-Play can make both changes con- currently, and so she is hoping you will be able to suggest a relatively simple (i.e., two objectives for each perspective) scorecard that accounts for both changes. She is also worried that as a non-profit organization faced with the financial constraints common to not-for-profits, she is at risk of investing significant time and money into a product that will end up deep in a file drawer. She has asked that in addition to drafting a scorecard for the organization, you provide some guidance on how she can ensure the successful implementation and use of the Balanced Score- card in Kids-Can-Play.
Required:
Develop a Balanced Scorecard to meet Karen's needs.
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
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