This website uses cookies to ensure you have the best experience. Learn more

A Balanced Scorecard Of Blu Essay

712 words - 3 pages

A Balanced Scorecard empowers an organization’s strategy with focus and purpose (Chow, 1997). When Kaplan and Norton developed the Balanced Scorecard method they were focused on finding a way to identify organization’s indicators for strong future performance (Chow, 1997). Things like past accounting or previously successful product development approaches are not going to help predict the future market trends or tell much about what actually helped grow an organization’s market share (Chow, 1997). The Balanced Scorecard approach leverages the idea that one may identify useful information when historically unambiguous, and objective goals are combined with some non-financial signals (Kaplan & ...view middle of the document...

These perspectives in a Balance Scorecard are customer, innovation, internal business, and financial (Chow, 1997). Each perspective is examined using standards or goals, metrics for evaluation, and initiatives to improve or expand current success. Measures for each perspective should be derived from the business-unit’s unique strategy and translate to the company’s vision and strategy (Kaplan & Norton, 1996).
Balanced Scorecard Analysis and Metrics of Blu.
Financial
Blu is focused on increased customer value as its primary driver for financial strategy. The financial perspective of Blu serves as the focus for the objectives and measures in the other scorecard perspectives (Chow, 1997). Each perspective in the Balanced Scorecard describes financial objectives which then link back to the overall driver for Blu strategy: lowering the cost of LNG trucks and increasing the number of customers using Blu fueling stations. Blu leadership has defined several high-level cause-and-effect relationships between customer value and Blu meeting financial targets.
The Blu strategy can then, be described through a set of hypotheses about cause and effect linked to the overall customer value:
• If Blu reduces the cost of LNG trucks, then current customers will purchase more LNG trucks and current stations will...

Find Another Essay On A Balanced Scorecard of Blu

A Balanced Society Of The Good And Evil

1725 words - 7 pages Maycomb: A balanced Society of the Good and Evil Essay written by: Allan The novel To Kill a Mocking Bird written by Harper Lee is told from the perspective of a six-year-old girl named Scout. The novel The Catcher In the RyeThe story focuses on the maturation of Scout and her elder brother Jem in the "tired old town" of Maycomb, Alabama, in the 1930's. The story takes place in Maycomb, a classic southern town of that era, a town full of gossip

Obseity: From the Lack of Exercise and a Balanced Diet

834 words - 4 pages Obesity in this country is growing at an unheard of rate and two of the significant reasons for this are the lack of Exercise and the lack of properly balanced school lunches. The lack of school ground equipment is mostly blamed on costly lawsuits to the schools from injuries occurring on the equipment. The lack of nutrition in school lunches have been caused by the need to serve hundreds of students in a matter of around four lunch

Economics, Politics and (International) Political Economy: The Need For a Balanced Diet in An Era of Globalisation

6749 words - 27 pages Even the dogs may eat of the crumbs that fall from the rich man's table; and in these days, when the rich in knowledge eat such specialised food at such separate tables, only the dogs have a chance of a balanced diet.( n1)The Guest Editors of this issue of New Political Economy invite us to 'put the "P" back in to political economy'. This exhortation poses two immediate questions. Who took it out? And, indeed, what is political economy? For

This is about modern management theory on value based management. It introduce concept of balance scorecard as a modern management tool

1673 words - 7 pages monitor strategic performance. Creating a strategy focused organization (the phrase coined by the founders of the Balanced Scorecard methodology) is a significant, challenging culture change for many organizations. Success in achieving this change requires:· Consistent executive support and involvement.· Education, communication, and visibility of the strategy and measurements of its effectiveness throughout the organization.&middot

Web Services Return on Investment: Working out what you're getting out of Web Services In this article, the authors have tried to keep a realistic, pragmatic, and balanced approach

1392 words - 6 pages Web Services Return on Investment:Working out what you're getting out of Web ServicesIn this article, the authors have tried to keep a realistic, pragmatic, and balanced approach in determining the return on investment on Web Services. It is worth mentioning that, no matter how promising a new technology is, promoting and encouraging its usage through such articles and papers is not justified until there is a solid business case for its adoption

To what extent does history present us with a balanced interpretation of LEON TROTSKY?

727 words - 3 pages rely on his account of his childhood. Lev Davidovich Bronstein or Trotsky as he was later known, was born on the 7th of November 1879. In Trotsky's autobiography 'My Life' it is stated that he had a close sympathy to the peasants who worked his father's farm, as Trotsky writes they seemed forever "oppressed, downtrodden and miserable through no fault of their own." Trotsky's narration of his childhood and earlier life is questionable as it was

Balanced Scorecard

1033 words - 5 pages Introduction The balanced scorecard is a strategic planning and management system that was developed by Dr. Robert S. Kaplan and Dr. David P. Norton in the early 1990's. Their goal was to provide organizations with a clear understanding of what to measure in order to improve performance and results (Balanced Scorecard Institute 2014). The balanced scorecard is a framework that allows an organization to measure performance and compare it to the

Research Paper

1312 words - 6 pages Have you ever owned a Blu-ray player? There are many characteristics that make the Blu-ray player the best choice for a home entertainment system today. People were interviewed, and the majority of them said that they enjoy using the Blu-ray player because of its high quality audio and video. Kevin Pratt of the Lexus College (a college that teaches its students about Lexus cars) says that Lexus chose Blu-ray as their entertainment system

Integrating Corporate Governance with the Balanced Scorecard

1248 words - 5 pages company, containing strategic objectives, performance measures, targets, and initiatives. The major function of the Enterprise BSC is to achieve the board's performance oversight responsibilities. It is a tool for CEO to define, communicate and manage the strategy. It gives a clear and complete representation of the strategy and a strong outline of the company's success in applying it. For example, a company that adopted the Balanced Scorecard to

Blu-ray, also known as Blu-ray Disc

1945 words - 8 pages Blu-ray, also known as Blu-ray Disc (BD) is the name of a next-generation optical disc format jointly developed by the Blu-ray Disc Association (BDA), a group of leading consumer electronics and PC companies (including Apple, Dell, Hitachi, HP, JVC, LG, Mitsubishi, Panasonic, Pioneer, Philips, Samsung, Sharp, Sony, TDK and Thomson). The format was developed to enable recording, rewriting and playback of high-definition video (HD), as well as

Alternate Ways of Measuring Performance

1821 words - 7 pages Balanced Scorecard Alternate Ways of Measuring Performance Abstract Many organizations are usefully viewed as a web of relationships between and among various stakeholder groups. An organization may be defined as a "nexus of contracts," where said "contracts" are relationships that are marked by contributions from the various stakeholders in return for inducements provided by the organization. Over the long haul, the success of an

Similar Essays

The Balanced Scorecard & Problems Of Financial Measures

3028 words - 12 pages measures how and why the Balanced Scorecard overcome those problems actually used in Westpac company.This report overviews our design and implementation of a Balanced Scorecard specifically to the client based on those problems in WestpacThis report also discusses the impact on human behavior with the implementation of Balanced Scorecard. Its able to explore how people most likely to react and why they behave in that particular way (both positive

Balanced Scorecard Of Shari’s Beauty Line Business

1482 words - 6 pages role of balanced scorecard is to provide a dimension of framework through which the organization can follow an impartial perspective for the execution of various objectives such as shareholders value, customer value, internal operations and learning and growth (Sadler & Craig, 2003). The given balanced scorecard would be supportive for the beauty line organization to evaluate the various metrics and targets according to the strategic mission and

Balanced Literacy (Essay Describes The Importance Of Having A Balanced Literacy Approach In The Classroom)

1481 words - 6 pages "After years of conflict between whole language and phonics advocates, a consensus about what works is emerging from the research: What is needed is a balanced approach to reading instruction - an approach that combines the language and literature-rich activities associated with whole language activities aimed at enhancing meaning, understanding, and the love of language with explicit teaching skills as needed to develop fluency associated with

The Role Of Red Meat In A Balanced Diet

1150 words - 5 pages A recurring theme in professional health literature for many years, the role of red meat in a healthy diet continues to be at the forefront, due in part because of the scientific debate: Is red meat necessary in a balanced diet or is it detrimental to good health? In a Nursing Standard article, “The Role of Red Meat in a Balanced Diet,” Carrie Ruxton claims that a balanced diet that includes small amounts of lean red meat contributes to good