15 Dec Balanced Scorecard Prior to beginning work on this assignment, review Chapter 10 and 11, specifically Exercise 9A (Develop a Balanced Scorecard for Coca-Cola) on page 291 of the text. Be sur
Balanced Scorecard
[WLOs: 2, 3] [CLOs: 2, 3, 4, 5]
Prior to beginning work on this assignment, review Chapter 10 and 11, specifically Exercise 9A (Develop a Balanced Scorecard for Coca-Cola) on page 291 of the text. Be sure you read and understand the information presented in Exercise 9A before starting work on this final paper.
The balanced scorecard (BSC) is a powerful tool that aids in the effort to develop strategy and determine the success of your development activities. For this team final paper, there are three defined steps your team must follow, and the following provides additional information about each step:
· Step 1 requires you to find and review different formats for the BSC, and select three formats that you find most effective for the Coca-Cola company. This information will be included in your final report.
· Step 2 requires you to find BSC adopters and select three success stories from the many you will find.
· Step 3 is the summary of your research, and you are required to write a double-spaced two- to three-page executive summary of your BSC research, including recommendations, following the outline below.
Your executive summary must include the following sections:
Introduction
In your introduction,
· Introduce what you intend to accomplish in the paper.
o Provide this information in the form of a strong thesis statement.
Formats
In this first section,
· Describe three specific BSC formats and the benefits of each format.
o Offer the three BSC formats the team decided are the most useful.
o Describe the advantages of each in two or three sentences.
o Offer a link to each format you recommend in a properly formatted reference entry,
§ Be sure to cite your information sources in your paper.
Success Stories
In this second section,
· Describe how three adopters successfully used the BSC as a strategic planning tool.
o Describe how each of the three adopter organizations used the BSC to their advantage when engaged in strategic planning and how those advantages could assist the Coca-Cola Company.
§ Be sure to cite your information source(s).
Summary
In your conclusion,
· Describe at least three summarized takeaways.
o Offer at least two specific takeaways that the team considers important to the reader of the report.
The Balanced Scorecard final paper
· Must be two to three double-spaced pages in length (not including title and references page) and formatted according to APA Style
· Must include a separate title page with the following:
o Title of paper in bold font
o Names of all students
o Name of institution (The University of Arizona Global Campus)
o Course name and number
o Instructor’s name
o Due date
· Must utilize academic voice.
· Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
· Must use at least two credible sources in addition to the course text.
· Must document any information used from sources in APA Style
· Must include a separate references page that is formatted according to APA Style.
Rubric
Description:
Total Possible Score: 14.00
Creates a Social Media Permitted Use Policy for Employees and Develops a Description of Permitted-Use Policy
Total: 3.00
Distinguished – Creates a thorough social media permitted use policy for employees, and develops a comprehensive description of a permitted-use policy.
Proficient – Creates a social media permitted use policy for employees, and develops a description of a permitted-use policy. Minor details are missing.
Basic – Creates a limited social media permitted use policy for employees, and develops a minimal description of a permitted-use policy. Relevant details are missing.
Below Expectations – Attempts to create a social media permitted use policy for employees, and develop a description of a permitted-use policy; however, significant details are missing.
Non-Performance – The social media permitted use policy for employees, and development of a description of a permitted-use policy are either nonexistent or lack the components described in the assignment instructions.
Explains Support or Denial of Usage and Supports Reasoning
Total: 3.00
Distinguished – Thoroughly explains support or denial of usage, and clearly supports reasoning.
Proficient – Explains support or denial of usage and supports reasoning. Minor details are missing or slightly unclear.
Basic – Minimally explains support or denial of usage and vaguely supports reasoning. Relevant details are missing and/or unclear.
Below Expectations – Attempts to explain support or denial of usage and support reasoning; however, significant details are missing and unclear.
Non-Performance – The explanation of support or denial of usage and support with reasoning are either nonexistent or lack the components as described in the assignment instructions.
Defines at Least One Action to Measure Compliance, and Describes How Compliance with the Policy is Measured
Total: 4.00
Distinguished – Clearly defines at least one action to measure compliance, and thoroughly describes how compliance with the policy is measured.
Proficient – Defines at least one action to measure compliance, and describes how compliance with the policy is measured. Minor details are missing or slightly unclear.
Basic – Vaguely defines at least one action to measure compliance, and minimally describes how compliance with the policy is measured. Relevant details are missing and/or unclear.
Below Expectations – Attempts to define at least one action to measure compliance, and describe how compliance with the policy is measured; however, significant details are missing and unclear.
Non-Performance – The definition of at least one action to measure compliance, and description of how compliance with the policy is measured are either nonexistent or lack the components described in the assignment instructions.
Written Communication: Control of Syntax and Mechanics
Total: 1.00
Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.
Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand.
Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader.
Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: APA Formatting
Total: 1.00
Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page.
Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.
Basic – Exhibits limited knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.
Below Expectations - Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Page Requirement
Total: 1.00
Distinguished - The length of the paper is equivalent to the required number of correctly formatted pages.
Proficient - The length of the paper is nearly equivalent to the required number of correctly formatted pages.
Basic - The length of the paper is equivalent to at least three quarters of the required number of correctly formatted pages.
Below Expectations - The length of the paper is equivalent to at least one half of the required number of correctly formatted pages.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Resource Requirement
Total: 1.00
Distinguished - Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Proficient - Uses the required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Basic - Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.
Below Expectations - Uses an inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
,
Page 291
Issues for Review and Discussion
9-1. Do a Google search using the terms balanced scorecard images. Review the many different formats of the balanced scorecard currently being used by organizations. Decide on three formats that you believe are particularly effective.
9-2. Do a Google search using the terms balanced scorecard adopters. Review the many different organizations currently using the balanced scorecard as part of their strategic planning. Select three different companies or organizations. Compare and contrast their use of the balanced scorecard technique.
9-3. Give several hypothetical situations whereby a company should establish contingency plans.
9-4. Explain why companies continually evaluate their strategies, rather than waiting for the end of the quarter or fiscal year to engage in the three core strategy evaluation activities discussed in this chapter.
9-5. Which of the three core strategy-evaluation activities do you think is most critical to be performed well? Why?
9-6. If a firm has two regions and two products, develop a sample framework for measuring organizational performance.
9-7. Compare strategy formulation with strategy implementation in terms of each being an art or a science.
9-8. What is Saudi Arabia doing after evaluating strategies for that country?
9-9. How does an organization know if it is pursuing “optimal” strategies?
9-10. Discuss the nature and implications of the upcoming accounting switch from GAAP to IFRS in the United States.
9-11. Ask an accounting professor at your college or university the following question and report back to the class: “To what extent would my learning the IFRS standards on my own give me competitive advantage in the job market?”
9-12. Evaluating strategies on a continuous rather than a periodic basis is desired. Discuss the pros and cons of this statement.
9-13. Why has strategy evaluation become so important in business today?
9-14. What types of quantitative and qualitative criteria should be used to evaluate a company’s strategy?
9-15. As owner of a local, independent barbecue restaurant, explain how you would evaluate the firm’s strategy.
9-16. Under what conditions are corrective actions not required in the strategy-evaluation process?
9-17. Identify types of organizations that may need to evaluate strategy more frequently than others. Justify your choices.
9-18. As executive director of the local Chamber of Commerce, in what way and how frequently would you evaluate the organization’s strategies?
9-19. Identify some key financial ratios that would be important in evaluating a bank’s strategy.
9-20. Strategy evaluation allows an organization to take a proactive stance toward shaping its own future. Discuss the meaning of this statement.
9-21. Diagram and discuss the balanced scorecard.
9-22. Develop a balanced scorecard for a local movie cinema complex.
9-23. Do you believe strategic management is more an art or a science? Explain.
9-24. Regarding the strategic-planning process, give four “should be” guidelines and four “should not be” guidelines.
9-25. Researchers say contingency planning is a five-step process. Identify and discuss the five steps.
9-26. Identify and discuss five characteristics of effective strategy evaluation.
9-27. Identify and discuss four reasons to be open (visible) in regard to the strategic-planning process and outcomes.
9-28. Identify and discuss four reasons to be closed (secret) in regard to the strategic-planning process and outcomes.
9-29. Why is the Balanced Scorecard an important topic both in devising objectives and in evaluating strategies?
9-30. Do you believe strategic management should be more visible or hidden as a process in a firm? Explain.
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