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Balanced Scorecard and Communication Plan
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1Running head: BALANCED SCORECARD AND COMMUNICATION PLAN
Identify key trends, assumptions, and risks in the context of your final business model.
Develop the strategic objectives for your new division of the existing business in a balanced
scorecard format in the context of key trends, assumptions, and risks.The strategic objectives are
measures of attaining your vision and mission. As you develop them, consider the vision,
mission, and values for your business and the outcomes of your SWOTT analysis and supply
chain analysis.
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Consider the following four quadrants of the balanced scorecard when developing your strategic
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objectives:
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Shareholder Value or Financial Perspective, includes strategic objectives in areas such as:
o.
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o Market share
o Revenues and costs
Profitability
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o Competitive position
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Customer Value Perspective, includes strategic objectives in areas such as:
o Customer retention or turnover
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Customer satisfaction
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o Customer value
Process or Internal Operations Perspective, includes strategic objectives in areas such as:
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o Measure of process performance
o Productivity or productivity improvement
o Operations metrics
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o Impact of change on the organization
Learning and Growth (Employee) Perspective, includes strategic objectives in areas such
as:
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, 2BALANCED SCORECARD AND COMMUNICATION PLAN
o Employee satisfaction
o Employee turnover or retention
o Level of organizational capability
o Nature of organizational culture or climate
o Technological innovation
Develop at least three strategic objectives for each of the four balanced scorecard areas identified
(Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in
part, based on an evaluation of a number of potential alternatives to the issues and/or
opportunities identified in the SWOTT Analysis paper and table you completed in Week 3. I will
be providing you with a balanced scorecard template (and an example) for you to use in
this assignment.
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Base your solutions on a ranking of alternative solutions that includes an identification of
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potential risks and mitigation plans, and a stakeholder analysis that includes mitigation and
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contingency strategies. You should also incorporate the ethical implications of your solutions into
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your selection.
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For each strategic objective, develop a metric and target using a balanced scorecard
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format. (For example, a strategic objective in the shareholder or Financial Perspective is
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to increase market share. A metric to actually measure this strategic objective of market
share increase is, "The percentage of increase in market share." The target is the specific
number to be achieved in a particular time period. The target for the metric of "Increase
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market share" could be "Increase market share by 2% for each of the next 3 years" of an
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increase of 2% per year for 3 years.)
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Outline a brief communication plan discussing how you will communicate the company's
strategic objectives that includes the following:
Define the purpose.
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Define the audience.
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Identify the channel(s) of communication and why you selected that channel.
Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard
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and its impact on all stakeholders, and the communication plan.
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Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan
This study source was downloaded by 100000805705997 from CourseHero.com on 11-09-2021 12:56:56 GMT -06:00
https://www.coursehero.com/file/10550358/Balanced-Scorecard-and-Communication-Plan/
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