1. A recommended balanced scorecard for LEGO by presenting the four perspectives of the balanced scorecard...
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1. A recommended balanced scorecard for LEGO by presenting the four perspectives of the balanced scorecard and, using the existing performance objectives and measures, identify two (2) new measures for each perspective that are likely to be important to LEGO to meet its objectives. Ensure that you include one new lag and one new lead indicator for each perspective. 2. Provide justification for each new measure you have identified in part 1 and how you perceive it will meet the objectives for that perspective by providing examples within your discussion that are relevant to LEGO. 3. Due to LEGO's commitment to the environment and sustainability, provide a fifth perspective for the business related to sustainability incorporating two (2) performance objectives and three (3) measures for each objective identified. Ensure that you state if the measures are lag or lead indicators. Provide a justification as to how these measures will improve the financial performance of the business. 4. Outline four (4) risks to LEGO that they would need to consider to ensure its successful implementation. Your discussion of the risks needs to be relevant to LEGO and should use examples to enhance the identification of the risks. 5. Provide an outline to LEGO as to how they can use the 6 Capitals model to successfully avoid value erosion. Provide a minimum of three (3) examples for each capital that relates to the LEGO company and a brief discussion on how each of your examples is relevant to Lego and each element of the 6 Capitals model. To determine the long-term strategic objectives of LEGO, conduct your own research and utilise website links made available to you in the footnotes to this instruction document. 1. A recommended balanced scorecard for LEGO by presenting the four perspectives of the balanced scorecard and, using the existing performance objectives and measures, identify two (2) new measures for each perspective that are likely to be important to LEGO to meet its objectives. Ensure that you include one new lag and one new lead indicator for each perspective. 2. Provide justification for each new measure you have identified in part 1 and how you perceive it will meet the objectives for that perspective by providing examples within your discussion that are relevant to LEGO. 3. Due to LEGO's commitment to the environment and sustainability, provide a fifth perspective for the business related to sustainability incorporating two (2) performance objectives and three (3) measures for each objective identified. Ensure that you state if the measures are lag or lead indicators. Provide a justification as to how these measures will improve the financial performance of the business. 4. Outline four (4) risks to LEGO that they would need to consider to ensure its successful implementation. Your discussion of the risks needs to be relevant to LEGO and should use examples to enhance the identification of the risks. 5. Provide an outline to LEGO as to how they can use the 6 Capitals model to successfully avoid value erosion. Provide a minimum of three (3) examples for each capital that relates to the LEGO company and a brief discussion on how each of your examples is relevant to Lego and each element of the 6 Capitals model. To determine the long-term strategic objectives of LEGO, conduct your own research and utilise website links made available to you in the footnotes to this instruction document.
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Balanced Scorecard for LEGO Financial Perspective Existing Measure Revenue growth New Lag Indicator Profit margin New Lead Indicator Return on investment Customer Perspective Existing Measure Customer ... View the full answer
Related Book For
Managerial Accounting A Focus on Ethical Decision Making
ISBN: 978-0324663853
5th edition
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
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