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Law office what are four nonfinancial measures that might be useful for helping management evaluate the success of its strategies SCRUMPTIOUS SWEETS, INC. Corporate Balanced
Law office what are four nonfinancial measures that might be useful for helping management evaluate the success of its strategies
SCRUMPTIOUS SWEETS, INC. Corporate Balanced Scorecard Mission: Provide customers with superior-quality traditional and innovative baked goods Business Objectives Measures Target Increase Revenue Sales Revenues Increase revenue 5% Financial Lower costs Operating costs Decrease costs 3% Increase Profits Net Income Increase income 6% Increase Customer Satisfaction Customer satisfaction surveys 95% customer satisfaction rating Customer Improve Customer Loyalty Number of repeat customers 90% retentions of existing customers Grow Market Share Number of new customers 10% increase in market share Improve Production Processes Reduce time from production to customer 10% decrease in production-to- customer time Reduce Waste on Products Produced Internal 10% decrease in waste generated per production process Reduce Carbon Footprint Units of waste per production process Factory effluents and exhaust measured in PPM (parts per million) 5% decrease in both effluents and exhaust pollutants (PPM) Improve Product & Service Innovation Implemented employee suggestions 40% increase in number of employee suggestions made Increase Motivation and Empowerment Learning & Growth Management training course certificates awarded 20% incerase in number of employees completing management training courses Improve Employee Retention Employee satisfaction surveys 90% rating on overall employee satisfactionStep by Step Solution
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