Balanced Score Essay

1034 words - 4 pages

Balanced Score

Introduction

In this paper I will discuss and explains the critical thinking on how you derived your objectives from your vision, mission, values, and SWOTT analysis.

Vision

Our vision is to build a well run and respected company that creates a nationwide fashion while providing handbags and accessories with cartoon characters and scriptures from the bible. Vision defines where the organization wants to be in the future. It reflects the optimistic view of the organization's future. A Vision statement: outlines what a company wants to be. It concentrates on future; a source of inspiration; it provides clear decision-making criteria. Mission defines where the organization is going now, describing why this organization exists (Anonymous, 2008). A Mission statement: tells you what the company is now. It concentrates on present; it defines the customer’s critical processes and it informs you about the desired level of performance. Many people mistake vision statement for mission statement. The Vision describes a future identity and the Mission describes why it will be achieved. A Vision statement defines the purpose or broader goal for being in existence or in the business. It serves as an ongoing guide without time frame. The vision can remain the same for decades if crafted well. Mission is more specific in terms of objective and future state. Mission is related to some form of achievement if successful.

Mission

Our mission is to provide is to provide inspirational and fun pocketbooks thought the use of cartoons characters and scripture from the bible. A mission statement can resemble a vision statement in a few companies, but that can be a grave mistake. It can confuse people. The vision statement can galvanize the people to achieve defined objectives, even if they are stretch objectives, provided the vision is SMART (Specific, Measurable, Achievable, Relevant and Time-bound). A mission statement provides a path to realize the vision in line with its values. These statements have a direct bearing on the bottom line and success of the organization (Anonymous, 2008). Which comes first, the mission statement or the vision statement? That depends. If you have a new start up business, new program or plan to re engineer your current services, then the vision will guide the mission statement and the rest of the strategic plan. If you have an established business where the mission is established, then many times, the mission guides the vision statement and the rest of the strategic plan (Anonymous, 2008). Features of an effective vision statement may include:

• Clarity and lack of ambiguity

• Paint a vivid and clear picture, not ambiguous

• Describing a bright future (hope)

• Memorable and engaging expression

To become truly effective, an organizational vision statement must (the theory states) become assimilated into the organization's culture...

Find Another Essay On Balanced Score

Croatia's joining EU Essay

607 words - 2 pages , membership should reduce paperwork and hassle. This makes life easier.Source 5http://www.heritage.org/index/country/croatiaCroatia. 2014 Index of Economical Freedom.2014. Web. April 23, 2014Croatia's economy is the 87th in the world making it at the average score of 60.4. But it was higher last year before joining the EU. Croatia's economic freedom score has improved by 12.4 points over 20 years. As the score increases, so do the markets by

reserac Essay

730 words - 3 pages Supervisors face the formidable challenge of providing fair evaluation of intern performance while maintaining high professional and legal standards (Hahn & Molnar, 1991). A balanced evaluation of strengths and weaknesses provides the intern with feedback about areas of expertise as well as areas that require continuing education and supervision. Ongoing evaluations may help interns incorporate the role of evaluator with those of teacher

Correlation between 8th grade mathematic CMT scores and mathematic CAPT scores

3156 words - 13 pages (lowest high school per-pupil spending in the state) (Strategic School Profile 5). Instrument: The data in this study is from the mathematic components of two standardized tests. The first test is the 8th grade Connecticut Mastery Test. “The CMT assesses a balanced array of skills and concepts linked to the following 10 content standards: number sense; operations; estimations and approximation; ratio, proportion, and percent; measurement

Seafood and Depression

1456 words - 6 pages would take place in a large, well-lit classroom on the first floor of Bienvennue Hall on NSU campus to all one-hundred participants. For the pre-test, the average score is equal to 5 for both groups. After the pre-test, for experimental purposes, the participants separated into two equal size groups. One group (treatment group) eats a well-rounded, balanced diet that includes seafood 7 times per week. The other group (control group) eats a well

Seafood and Depression.

1599 words - 6 pages Bienvennue Hall on NSU campus to all one-hundred participants. For the pre-test, the average score is equal to 5 for both groups. After the pre-test, for experimental purposes, the participants separated into two equal size groups. One group (treatment group) eats a well-rounded, balanced diet that includes seafood 7 times per week. The other group (control group) eats a well-rounded, balanced diet that excludes seafood. All the variables are

Biophysical Evaluation Lab

2385 words - 10 pages 8.00 % ᄁ COMMENT AND COMPARE TO NORMS AND PROVIDE CONCLUSIONS ON BODY COMPOSITION: In order to evaluate and comment on my body composition, I used the CPAFLA indices. My BMI resulted to 19.29 (kg/m2) which ranks as an ideal score. Furthermore, when considering the SO5S score, the ideal value is under 54 mm (according to the table on page 3.10 of the lab manual) and my value resulted into being 43.2 mm which is perfect as it is not too much

The Presidio Army Health Clinic’s SWOT-Analysis

1362 words - 5 pages additional analysis tools in addition to the SWOT-analysis. One such tool the U.S. Army Medical System uses is the balanced-score card. The balanced-score card can assist health care centers in the clarification of their strategic objectives and goals, and facilitates communication throughout the organization (Chan, 2006). Chan (2006) also reveals balanced-score cards allow for constructive employee feedback leading to necessary strategic plan

bus445

1103 words - 4 pages Strategic Plan, Part III: Balanced Scorecard PAGE 1 Strategic Plan, Part III: Balanced Scorecard PAGE 5 Strategic Plan, Part III: Balanced ScorecardTakeshia SeedenWeek 4BUS/475May 13, 2014Kevin HarrisUniversity of PhoenixBalanced ScorecardThe objective of the balance scorecard is to strategically manage and plan tools which will be used to help Total Wedding Affair's accomplish their vision mission and goals. When the company defines their

Root Surface Caries

1276 words - 5 pages your dentist regularly for a check up. Use a fluoride containing toothpaste or mouthwash, and ensure that your drinking water is fluoridated. One can also use a home fluoride rinse and have fluoride varnishes applied to help prevent root surface caries. Also, make sure to eat nutritious and balanced meals and limit snacking. A number of predisposing factors make an individual more susceptible to root caries. Medications with side effects of

Standardized Tests Are Insufficient

804 words - 3 pages that if a high school senior has a 4.0 GPA and happened to get a 1050 on their SAT, they're not necessarily incapable of learning. Looking at both class rank and GPA provides a more balanced picture, hence it would increase the diversity of students entering college. Doing away with SAT scores could increase opportunities for those students who do not score well on formal tests to get into colleges, that they would not have normally. The

Company of Wal-Mart

1406 words - 6 pages Rating Weighted Score Rating Weighted Score Rating Weighted Score Product Quality 0.10 4 0.40 4 0.40 3 0.30 Price Competitiveness 0.05 1 0.05 1 0.05 1 0.05 Management 0.50 3 0.15 4 0.20 3 0.15 Financial Position 0.05 4 0.20 3 0.15 2 0.10 Global Expansion 0.10 4 0.40 1 0.10 2 0.20 Inventory Systems 0.05 3 0.15 3 0.15 3 0.15 Market Share 0.05 4 0.20 3 0.15 2 0.10 Customer Service 0.10 3 0.30 4 0.40 3 0.30 TOTAL 1.00 1.85 1.60

Similar Essays

Stategiekaart Ontwerpen ( Balanced Score Card)

859 words - 3 pages The Nature of Organisational BehaviourIn dit hoofdstuk komen bepaalde visies ten aanzien van de onderneming naar voren. De onderneming kan op verschillende manier omschreven worden.Het bedrijf kan aan de hand van enkele metaforen uitgebeeld worden. Voorbeelden hiervan zijn o.a. de machine, het organisme, het brein, de cultuur, het politieke systeem etc.Voorbeelden van metaforen voor een onderneming:· Machine: Geroutineerde

Criteria Matrix Or Pugh Matrix Essay

939 words - 4 pages account and task was given a weighted score based on time and difficulty in balancing. This was compared to the 15 reconcilers in the department to give each reconciler a cross-train percentage value. If a reconciler balanced 2 difficult accounts and another balanced 10 easy accounts, he or she would receive the same cross-train percentage value. In this method, the solution was to cross-train employees as much as possible to obtain coverage during

Eating Healthy In Athletics Essay

673 words - 3 pages Whether it's playing football, basketball or running, athletes need to eat a nutritious, balanced diet to fuel their body. Good nutrition, like any sporting event, has basic ground rules. Following these rules and getting plenty of practice will help athletes feel great and score those winning points.It is important that an athlete's diet provides the right amount of energy, which includes 50-plus nutrients and adequate water. No single

Hrm Sem 1 Essay

1726 words - 7 pages themselves usually:Have agreed-upon measures that managers understandBalance financial and non-financial measurements of performanceLink strategic measures to operational onesUpdate their "scorecard" regularly; andClearly communicate measures and progress to all employees.A major measurement system that has gained in importance over the past few years is the Balanced Score Card (BSC).Balanced ScorecardThe Balanced Scorecard (BSC) is a tool that