Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SocialLink is a government service that provides financial support and counselling services to several groups in the community: the elderly, the unemployed and children at

SocialLink is a government service that provides financial support and counselling services to several groups in the community: the elderly, the unemployed and children at risk. SocialLink is accountable to a range of stakeholders, some of whom dictate specific deliverables or performance requirements (the government) while others are community-based interest groups and clients. The government requires that SocialLink provides high quality, timely and relevant services to clients, and that it achieves service delivery improvements and operates within a tight budget. The government also expects SocialLink to implement government decisions that involve changes in services, on time and within budget. Clients expect services to be easy to access, of high quality and suited to their circumstances. Community groups expect to have an involvement with SocialLink, so SocialLink needs to develop close relationships with those groups and consult closely to ensure that the services it provides to clients are appropriate. SocialLink is structured into three divisions: aged and the unemployed, child safety, and financial support. Each division is managed by a divisional director who forms part of SocialLink's senior management team. The director of SocialLink wishes to put in place a performance management system to help manage these accountabilities. He has talked to his senior management team and they agree that a balanced scorecard with appropriate perspectives and a range of lag and lead indicators is the way to proceed. To provide the foundation for the balanced scorecard, all of the company managers participated in a strategic planning retreat. The outcome of the retreat was a mission statement for SocialLink and the identification of five perspectives for the BSC: Mission: provide timely financial support and advice to individuals and families in need and encourage them to become self-sufficient. Perspectives: government and other stakeholders, clients, service delivery, employees, finance. Required: For each perspective, provide one or two objectives. Use the objectives to draw a strategy map. Formulate a balanced scorecard for SocialLink that includes two or more lag and lead indicators to support each objective. Make sure that your measures relate specifically to SocialLink. Explain how your balanced scorecard may be used by the SocialLink senior management team to monitor managerial and divisional performance, to motivate all SocialLink staff and as a tool for continuous improvement.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Finance

Authors: Arthur Keown, John Martin, J. Petty

10th Edition

0136102654, 9780136102656

More Books

Students also viewed these Accounting questions

Question

3. What values would you say are your core values?

Answered: 1 week ago