1. Based on the CSI case below, describe the application of Balanced Scorecard to overcame myopia problem.

Catalytic Solutions, Inc. (CSI) Catalytic Solutions, Inc. (CSI) was founded in Santa Barbara, California, in 1996 by Steve Golden and Bill Anderson. Steve, who had a PhD in material sciences, developed a new coating formulation and proprietary manufacturing processes that produced catalytic converters with better performance and substantially lower prices than competing products. Catalytic converters are used to reduce the pollution caused by combustion engines. Bill, formerly the CEO of a publicly held company, had over 30 years of experience as a senior executive. He became the CEO of CSI shortly after raising seed money to finance the first few years of operation. fact that its converters used 50-80% less Platinum Group Metals (PGMs) than did competitors' converters. Standard converters typically contained large amounts of PGMs platinum, palladium, and rhodium. As pollution standards became increasingly stringent, the demand for, and the price of, PGMs had risen dramatically. In 2001, about 60% of the world supply of PGMs was used to produce converters. Further, there was uncertainty about the supply of palladium, most of which came from Russia. The average converter cost per vehicle tripled between 1990 and 2001, becoming the third- largest automobile component cost after the engine and transmission. The savings resulting from CSI's lower usage of PGMs could range from $40 for a small-vehicle converter to as much as $200 for those used in large sports utility vehicles (SUVs). In an industry where manufacturers "kill for pennies," this presented an enormous cost saving potential Complete case of CSI, presented by Group-2. Source: Kenneth Merchant & Wim Van der Stede (2017). Management Control Systems. Harlow, UK: PearsonEffects of Climate Crisis Worse than Pandemic, Says Sri Mulyani Minister of Finance Sri Mulyani in the HSBC Summit on Wednesday said the climate crisis the world population faces will have a lasting effect far worse than the Covid-19 pandemic if not handled correctly. She insists on immediate action as the climate crisis threatens the livelihood of people and causes economic turmoil. "We all understand that climate change is a global threat that reaches humanity, economy, financial system, and our way of living much more than the Covid-19 pandemic," said Mulyani. Citing research published by an institute from Switzerland in 2021, Sri Mulyani explained that climate change could cost the world more than 10 percent, thus creating huge losses to the economic sector if the 2050 agreement in Paris is not met. The former World Bank Managing Director said this situation not only had an impact on people's social lives but also on the economy as a whole. "Indonesia's GDP could lose 0.63% to 45 percent in 2030," she said. She also said that gradually, inflation will arise due to disruptions to national and international supply chains due to weather changes such as floods, storms, and droughts. Sri Mulyani said that the government has committed to dealing with climate change through the Paris Agreement by reducing 29 percent of CO2 emissions and trying to reduce 41 percent with international support by 2030. However, Sri Mulyani said that Indonesia needs time to finalize plans to implement policies that were formed due to climate change concerns. Source: https://en.tempo.co/read/1634428/effects-of-climate-crisis-worse-than-pandemic-says-sri- mulyaniCulture is Vital in Achieving Company's Targets: 50E Ministry Deputy for Human Resources, Technology and Information at the State-owned Enterprises Ministry, Tedi Bharata stressed the importance of culture in achieving company targets. \"The core values of AKHLAK that were agreed upon last year should be implemented not just as a concept but also to actually transform human capital. There needs to be an internalization of AKHLAK in every state-owned enterprise, including PT KAI. This culture is very important in achieving the company's targets," Bharata stated at the online KAI Culture Fest in Jakarta on Wednesday. AKHLAK that stands for Mandate, Competent, Harmonious, Loyal, Adaptive. and Cooperative was set as the core value of the state enterprises. Bharata noted that forming a culture could not be achieved overnight, as there were several aspects or factors re!ated to it. However, at least, cuiture is a reflection of understanding, attitudes, and actions. The key to forming a culture are aspects that are mutually agreed upon and understood and done together in a sustainable manner. "Of course. this must continue to be carried out through various programs and activities to really be able to internalize, so that what is implemented by KAI personnel can reect the core values of AKHLAK that we have agreed upon together," Bharata stated. He deemed culture as a crucial element, rstly to ensure that the company can achieve its goals, and second, it was important to avoid other notions, such as radicalism. Bharata lauded the performance of state-owned railways company PT Kereta Api Indonesia {Perserol or KAI that had contributed to the nation. \"When we speak about KAl's performance, we really praise that apart from being assigned to conduct various types of business transformations, KAI also concurrently gets assignments. This must be interpreted as a mandate. There is no company like KAI that has a history and real contribution to the Indonesian nation. We really laud KAI's performance," he remarked. He also expects that KAI will optimize its regional assets better on account of the fact that it has several of them. "This can be interpreted as an adaptive form, so that KAI remains relevant and makes various innovations," he added. Source: https://en.antaranews.comews/192893/culture-is-vital-in-achieving-companys-targets-soe- ministry