Candi Canyon works in a resort location. During peak seasons the resort hires a large number of
Question:
Candi Canyon works in a resort location. During peak seasons the resort hires a large number of university students who live in dormitory-style housing at the resort. The dorms are approximately 2 km from the students’ job locations. In addition, on their off days, students enjoy participating in activities available at the resort or going into the local town about 5 km away. Most of the students do not own cars. A group of entrepreneurial students are developing a plan to propose a “bike share” program. These pro-grams operate successfully in large cities like Toronto and are similar to the “car share” programs.
Required:
A. Draft a mission statement for the proposed business opportunity.
B. Identify two performance objectives for each of the four balanced scorecard perspectives.
C. Select one performance objective for each of the four perspectives and identify a potential performance measure for each. Explain your choices.
D. Draw a strategy map using your performance measures. Explain the relationships between your measures.
Step by Step Answer:
Cost Management Measuring, Monitoring and Motivating Performance
ISBN: 978-1119185697
3rd Canadian edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook