Question

How does use of the Balanced Scorecard management tool relate to Enterprise Resources Planning models used...

How does use of the Balanced Scorecard management tool relate to Enterprise Resources Planning models used by businesses with large scale integrated operations?

Homework Answers

Answer #1

Balance Scorecard is an important tool in Strategic Management. It helps in effectively managing the internal functions relating to a business and their resulting external outcomes. It is a type of performance matrix that has four perpectives:

a. Financial Perspective

b. Customer Perpective

c. Internal Business Process Perspective

d. Learning & Growth Perspective.

Use of the Balanced Scorecard management tool relate to Enterprise Resources Planning models used by businesses with large scale integrated operations in the follwing ways:

a. Accomplishing the Financial and Other Objectives

b. Aligning Decision Making with Day-to-Day work

c. Prioritizing the actions, projects, tasks etc

d.Monitoring Growth, Results and taking approprite actions against variances.

e. Providing best in class customer service.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The balanced scorecard is a strategic-based performance management system. How does the balanced scorecard communicate strategy...
The balanced scorecard is a strategic-based performance management system. How does the balanced scorecard communicate strategy to an organization? Identify and describe the four quadrants on the balanced scorecard. How are the four quadrants related? What is their impact on financial performance? (2–3 paragraphs)
Look at the Balanced Scorecard for Mercy Hospital. Use Memorandum format and direct it to your...
Look at the Balanced Scorecard for Mercy Hospital. Use Memorandum format and direct it to your faculty. Please explain what data and information was needed to develop this report. Be specific and offer examples. Explain why some portions of the document are missing initiatives. Tell us how this scorecard is going to be used for Mercy Strategic Planning process.
How does Statistical Production Controls Relate to Operations Management ? What is Operations Management Scheduling and...
How does Statistical Production Controls Relate to Operations Management ? What is Operations Management Scheduling and Resourcing? No Bullet Points, Short paragraph
Operations management is an intricate web of internal and external interrelationships of people, processes, and resources....
Operations management is an intricate web of internal and external interrelationships of people, processes, and resources. Identifying and assessing these relationships can help keep operational strategies and development headed in the right direction. What is Supply Chain Management (SCM), and why is it important to business operations? In what ways is SCM for a manufacturer similar or different than that of a service provider? What is Enterprise Resource Planning (ERP), and how is it related to SCM? Does this relationship...
Information Management Systems are not just used for patient care. Discus how the use of information...
Information Management Systems are not just used for patient care. Discus how the use of information systems can make administrative and human resources more efficient. Identify the advantages and barriers of evolving and emerging healthcare information system.
Describe how activity-based cost management can be used to improve operations. Please use a specific type...
Describe how activity-based cost management can be used to improve operations. Please use a specific type of company and give specific examples.
(3)       A Breakeven Analysis is a powerful management tool, and one that is critical in planning, decision-making,...
(3)       A Breakeven Analysis is a powerful management tool, and one that is critical in planning, decision-making, and expense control. It can be invaluable in determining whether to buy or lease, expand into a new area, build a new plant, and many other such considerations.            T                F (4)       According to the segmentation process, a market segment should be: a.Measurable. b.Differentiable. c.Accessible. d.Substantial. e.ALL OF THE ABOVE. f.NONE OF THE ABOVE. (5)       What specifically is a break-even analysis and...
Como Tool and Die was a second-tier component supplier to the auto industry. Its largest customer...
Como Tool and Die was a second-tier component supplier to the auto industry. Its largest customer was Ford Motor Company. Como had a reputation for delivering a quality product. During the 1980s and the early 1990s, Como’s business grew because of its commitment to quality. Emphasis was on manufacturing operations, and few attempts were made to use project management. All work was controlled by line managers who, more often than not, were overburdened with work. The culture at Como underwent...
Como Tool and Die was a second-tier component supplier to the auto industry. Its largest customer...
Como Tool and Die was a second-tier component supplier to the auto industry. Its largest customer was Ford Motor Company. Como had a reputation for delivering a quality product. During the 1980s and the early 1990s, Como’s business grew because of its commitment to quality. Emphasis was on manufacturing operations, and few attempts were made to use project management. All work was controlled by line managers who, more often than not, were overburdened with work. The culture at Como underwent...
DRIVING ARI FLEET MANAGEMENT WITH REAL-TIME ANALYTICS Automotive Resources International, better known as simple ARI, is...
DRIVING ARI FLEET MANAGEMENT WITH REAL-TIME ANALYTICS Automotive Resources International, better known as simple ARI, is the world's largest privately-held company for vehicle fleet management services. ARI is headquartered in Mt. Laurel, New Jersey and has 2,500 employees and offices throughout North America, Europe, the UK and Hong Kong. The company manages more than 1,000,000 vehicles in the US, Canada, Mexico, Puerto Rico and Europe. Businesses that need vehicles for shipments (trucks, vans, cars, ships, and rail cars) may choose...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT
Active Questions
  • what type of graph is best suitable for data obtained from customer ratings. The ratings are...
    asked 4 minutes ago
  • Determine the cumulative 15-year 18 kip ESAL’s in the design lane for 2-lane highway for the...
    asked 11 minutes ago
  • Q: Dr.Grimace, the evil dentist, is trying to find out if his patients suffer from periodontal...
    asked 11 minutes ago
  • After collecting data on 19283 dogs, you find that male vallhunds have an average weight of...
    asked 13 minutes ago
  • Research Target Corporation and assess your satisfaction with the company you researched and make recommendations about...
    asked 14 minutes ago
  • Evidence suggests that 70% of FSU students like turtles. Suppose we randomly sampled 15 FSU students....
    asked 14 minutes ago
  • Ulrich challenges the appropriateness of the nearly universal symbolism of the spinning wheel as the marker...
    asked 15 minutes ago
  • Differential Equations: Please try to computer type, if not possible be clear and organize. Thank you...
    asked 15 minutes ago
  • In your opinion, what are the three (3) most important benefits an employer can give to...
    asked 21 minutes ago
  • In a test of the effectiveness of garlic for lowering​ cholesterol, 81 subjects were treated with...
    asked 24 minutes ago
  • How does the 95% confidence interval correspond to the reported conclusion at a 0.05 significance level?...
    asked 25 minutes ago
  • 1) Consider the following Java program, which one of the following best describes "setFlavor"? public class...
    asked 25 minutes ago