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

Balanced Score Essay

1034 words - 4 pages

Balanced Score


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.


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.


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

Strategic Management Template Essay

978 words - 4 pages the fundamental purpose of the organization. Once the organization knows who they are as a company and what direction they seem themselves going, they should start to assess their situation. The organization can do this thru the review of past performance, balanced score card evaluation and SWOT analysis. Organizations should review both positive and negative past performance. Review of past performance can give an organization an idea about

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

Balance Scorecard a Case Study: Spectra

1366 words - 6 pages Setting production targets 1300 units weekly. Increasing management employee communication Lower the level of industrial action to 10% Increase wages by 5% Employee surveys to determine motivation and attachment to the company. Features of a Good balanced Scorecard A good balanced scorecard, typically, properly define the objectives of a company, more, the balance score should provide directions on cash balances of a company, profitability

hrm sem 1

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

Croatia's joining EU

607 words - 2 pages , membership should reduce paperwork and hassle. This makes life easier.Source 5 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


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


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

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

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

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

A Balanced Scorecard Of Blu Essay

712 words - 3 pages (Kaplan & Norton, 1996). With an augmented Balanced Score Analysis organizations are analyzed using four strategic perspectives plus an additional ethics perspective (Kaplan & Norton, 1996). 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

Personality Analysis Paper

678 words - 3 pages Extraversion This trait describes what kind of preference an individual has towards certain social situations and how they react to these situations. This includes the person’s energy, enthusiasm, and social traits that they possess. I received a 25 on this part of the test, which is the mid-range to low score for this trait. This rating states that I am average for the trait and that I have a balanced life between extraversion and

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