The board of directors of Maglenest Roc Limited, a manufacturing enterprise has tasked its management to develop a new mission statement that details the enterprises line of business, market size and niche. The new mission statement reads: We want to continually grow through our commitment to quality and delivering quality products to our customers. In addition, the management of Maglenest Limited developed the following set of vision statements to complement the mission statement:

Provide superior returns to our shareholders

Continually improve our business processes

Delight our customers

Learn from our mistakes and work smarter in the future

Explain thoroughly how the Balanced Scorecard can assist Maglenest Limited to deliver on its new mission statement