Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

In this article as well as your reading for this week the balanced scorecard is explained:

The Balanced Scorecard

http://www.tutorialspoint.com/management_concepts/the_balanced_scorecard.htm .

One of the best tools a manager has is a balanced scorecard. Remember, our bowling alley manager from week 6!

• Address how the scorecard approach fits in to the control function of management.

• Create a balanced scorecard and explain how the use of a balanced scorecard could help to measure and possibly improve the turnover of employees. The scorecard will include objectives, measures, and targets.

Just so you do not have to go back to week Six, here is the case scenario:

You are the manager of the northern branch of the Laurel City Bowling Alleys. The owner, Jill Espy, has 4 other bowling alleys around town. The average employee assigned to the concession stand of all the Laurel City Bowling Alleys lasts approximately 3 years. However, in your branch, the average employee lasts only 8 months. Jill is concerned about the lack of retention of concession employees especially since training new employees is costly to the company and this high turnover is costing her money that could be better spent elsewhere.

You have talked with your current concession staff and have learned that pay and scheduling may have some effect on the turnover rate. Employees feel that the pay is low and the scheduling is erratic making it difficult to make plans outside of work. You know that employees do not benefit from pay raises because they tend to leave before being at the alleys for a year.

One worker indicated that many of the workers do not know how to handle difficult customers. It makes them not want to come to work. At the time, the focus seems to be on getting the job done rather on customer service.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91988056
  • Price:- $40

Priced at Now at $40, Verified Solution

Have any Question?


Related Questions in Business Management

Need an example to answer this analyze ikeas actions and

Need an example to answer this, Analyze Ikea's actions and indicate whether their position on business ethics is aligned with the principle of ethical universalism or ethical relativism.

What strategies can the teacher implement to build positive

What strategies can the teacher implement to build positive rapport with students in the learning environment?

In the value of paradigm in coaching vs discipline what

In the value of paradigm in coaching vs discipline, what value do you see coming from it? How would you groom and mold your supervisors to take on this type of paradigm?

1 develop a logic circuit that will produce a 1 on its

1. Develop a logic circuit that will produce a 1 on its output only when all three inputs are 1s or when all three inputs are 0s. 2. Apply DeMorgan's theorems to the following expression: ABC + (ABC)' + (D' + E)'

Discuss the importance of using an access control model in

Discuss the importance of using an access control model in determining how employees in an organization should gain access to resources.

Identifynbspthe central ethical issues involved in the

Identify the central ethical issues involved in the following case: Six years ago Diane Carlson and Dina Sawyer founded a not-for-profit organization called  Green Streams , which extracts recyclable materials from the w ...

Need help answering this the decision to globalize

Need help answering this, The decision to globalize operations is very complex and not without risks. Chose a company that has not yet globalized and answer the following: Describe how would you decide if the best option ...

What are the key elements on an overview executive summary

What are the key elements on an overview/ executive summary of the marketing strategy?

Qestion 1nbspconsumer and producer surplus q demanded

Question 1: Consumer and Producer Surplus. Q demanded = 1,350 - 3 P Q Supplied = - 250 + 5P A Price Ceiling is set at $120, calculate the new Producer Surplus and the change in Producer Surplus from question A above.  Pl ...

Concentration ratios are typically a firms share of

Concentration ratios are typically a firm's share of domestic production. If the United States engages in more international trade, will such concentration measures lose meaning? Could this effect explain the vanishing o ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As