Based on the CSI case below, describe the application of Balanced Scorecard to overcame myopia problem.

  

Based on the article above, uncontrollable factors always existed from time to time. Explain and elaborate how corporations still rely on financial result controls in the presence of uncontrollable factors 

 

3. BUMN or Stated Owned Company in Indonesia controls its ethical issues using AKHLAK which is the abbreviation of Amanah (Mandate), Kompeten (Competent), Harmonis (Harmonious), Loyal (Loyal), Adaptif (Adaptive), and Kolaboratif (Collaborative). 

Explain and elaborate how "AKHLAK" could be an effective management control for ethical issues related to problems in Stated Owned Company 

  

Catalytic Solutions, Inc. (CSI) Catalytic Solutions, Inc. (CSI) was founded in Santa Barbara, California, in 1996 by Steve Golden and Bill Anderson. Steve, who had a PhD in material sciences, developed a new coating formulation and proprietary manufacturing processes that produced catalytic converters with better performance and substantially lower prices than competing products. Catalytic converters are used to reduce the pollution caused by combustion engines. Bill, formerly the CEO of a publicly held company, had over 30 years of experience as a senior executive. He became the CEO of CSI shortly after raising seed money to finance the first few years of operation. fact that its converters used 50-80% less Platinum Group Metals (PGMS) than did competitors' converters. Standard converters typically contained large amounts of PGMS platinum, palladium, and rhodium. As pollution standards became increasingly stringent, the demand for, and the price of, PGMS had risen dramatically. In 2001, about 60% of the world supply of PGMs was used to produce converters. Further, there was uncertainty about the supply of palladium, most of which came from Russia. The average converter cost per vehicle tripled between 1990 and 2001, becoming the third- largest automobile component cost after the engine and transmission. The savings resulting from CSI's lower usage of PGMS could range from $40 for a small-vehicle converter to as much as $200 for those used in large sports utility vehicles (SUVs). In an industry where manufacturers "kill for pennies," this presented an enormous cost saving potential Complete case of CSI, presented by Group-2. Source: Kenneth Merchant & Wim Van der Stede (2017). Management Control Systems. Harlow, UK: Pearson