Question
As an aspiring manager you are tasked with creating a report which covers the following topics: 1. Explain and evaluate how the primary of objective
As an aspiring manager you are tasked with creating a report which covers the following topics: 1. Explain and evaluate how the primary of objective in financial management of maximizing shareholder wealth is at conflict with other objectives such as ensuring favorable outcomes for patients. (Note if your organization is public sector consider the alternative objective of minimizing the net cost to the government) 2. Critically evaluate the use of a Balanced Scorecard in your organization (or a previous organization you have worked in) a. Outline the Key Strategy (What is the overall goal?) b. Develop a series of metrics based on Financial Performance, Customer, Internal Processes and finally Learning and Growth c. Explain and identify how your Key Performance Indicators (KPIs) will meet the strategy goals d. Evaluate the challenges of Balanced Scorecard and the challenges to achieving the goals in point 2c
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