Cameron Tools Inc. has developed a balanced scorecard with six objectives under the four standard performance perspectives.
Question:
Cameron Tools Inc. has developed a balanced scorecard with six objectives under the four standard performance perspectives. In the learning and growth perspective, the company has strategic objectives to (1) promote employees from within the company and (2) recruit quality recent graduates. In the internal processes perspective, the company has strategic objectives to (1) increase innovation and (2) improve communication between departments. In the customer perspective, the company has a strategic objective to provide higherquality products that last longer. Finally, in the financial perspective, the company has the strategic objective to increase profits. Given these strategic objectives, draw a strategy map that shows how these objectives influence each other and ultimately lead to the company’s objective of increasing profits.
Step by Step Answer:
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler