Ask Question, Ask an Expert


Ask Basic Finance Expert

The purpose of the Session Long Project is to give you the opportunity to explore the applicability of the Module to your own life, work, and place in space and time, and to experiment with the Module to see how the otherwise academically rigorous presentation of a topic may, with more or less work and/or trauma, become "up close and personal". This is done in a number of different ways -- sometimes cumulative papers, sometimes practical hands-on experimentation with a tool of some sort, sometimes reflections on a place of work or life. The common thread is personal application, aimed at demonstrating a cumulative knowledge and understanding of the course's material.

For this course, the Project will take the form of putting together background from each of the perspectives for a balanced scorecard approach to an organization or organizational unit with which you are familiar. You're not building a complete balanced scorecard -- that would be far beyond our current scope - but you'll have a chance to see what goes into it and how it gets put together into a coordinated whole. As in the cases, you'll be drawing on your previous course work to help.

The Module 1 assignment has two parts. First, you need to identify an organization to which you have access to at least some information concerning financial data; staffing and human resource systems; marketing and customer relations; information systems; and operations. While most material on the Balanced Scorecard is written from the private, for-profit point of view, it's perfectly possible to use this approach with public or non-profit organizations as well; click here for some guidance on how this can be done.

For the second part of this assignment, consider the organization's mission and strategy from the perspective of its financial operations (from your work on the case, your previous course work, and your background reading, you should be reasonably clear what such operations are). In this section of the assignment you'll begin to identify objectives and measures relevant to that perspective. If you're unclear on just what objectives and measures are, here is a presentation that describes what they are and how to prepare them.

Assignment Expectations:

When you have thought about it and made your selection, please specify:

The name of your organization

What this organization does - its mission, vision and overall strategy

The access you have to information about this organization -- remember, you'll need information about its financial performance, marketing, internal operations, strategy, and management systems.

Once you're reasonably clear on what's involved, think about your organization and its finances, and then:

Identify at least three objectives for improving the organization's financial position, and show how they relate to the mission, vision and strategy of the organization.

For each objective, develop at least one meaningful performance measure (metric).

For each objective, identify at least one expected level of performance (target).

For each objective, identify at least one new action or program that needs to be developed to ensure successful implementation of the organization's strategy (initiative).

Here's a table that you may wish to copy and fill in:



Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M928510

Have any Question? 

Related Questions in Basic Finance

You estimate that you will owe 40300 in student loans by

You estimate that you will owe $40,300 in student loans by the time you graduate. The interest rate is 4.25 percent. If you want to have this debt paid in full within ten years, how much must you pay each month? Atlas In ...

Q1 consider the data in the microsoft excel workbook

Q1. Consider the data in the Microsoft Excel workbook YieldeurveData.xlsx. It contains the United States Treasury's "Daily Yield Curve" data (sourced from www.treasury.goy) for the years 2007 and 2015. These rates are wh ...

Finance reporton the 4th of october 2016 the reserve bank

Finance Report On the 4th of October 2016, the Reserve Bank of Australia (RBA) board will meet to discuss domestic and global economic conditions and release its monetary policy statement, having decided upon the appropr ...

Assignment genesis energy cash position analysisthe genesis

Assignment: Genesis Energy Cash Position Analysis The Genesis Energy operations management team is now preparing to implement the operating expansion plan. Previously, the firm's cash position did not pose a challenge. H ...

Problemthe following table lists the components needed to

Problem The following table lists the components needed to assemble an end item, lead times, and quantities on hand. Item End B C D E F G H LT (wk) 1 2 3 3 1 2 1 2 Amount on hand 0 10 10 25 12 30 5 0 a. If 25 units of th ...

Financial research reportenvision that you are a money

Financial Research Report Envision that you are a money related chief looking into speculations for your customer that adjust to its venture objectives. Utilize the Internet or the Strayer Library to scrutinize any U.S. ...

Please explainshow how to get the answers to this question

Please explain/show how to get the answers to this question using excel. The managers of Merton Medical Clinic are analyzing a proposed project. The project's most likely NPV is $120,000, but, as evidenced by the followi ...

Global interaction of interest rates why might you expect

Global Interaction of Interest Rates : Why might you expect interest rate movements of various industrialized countries to be more highly correlated in recent years than in earlier years?

Do some internet research to find out what it means for a

Do some Internet research to find out what it means for a company to create a "poison pill." Why might a company do that? Some economists think poison pills should be illegal. What is their rationale?

During the time of the currency board argentinean banks

During the time of the currency board, Argentinean banks offered accounts in both dollars and pesos, but loans were made largely in pesos. Describe the impact on banks of the collapse of the currency board.

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate