Question: Could you please help for Starbucks Corporation BALANCED SCORECARD? Develop at least three strategic objectives for each of the four balanced scorecard areas. Financial Objectives

Could you please help for Starbucks Corporation BALANCED SCORECARD?

Develop at least three strategic objectives for each of the four balanced scorecard areas.

Financial Objectives

Measures

Targets: Timeline/ Metrics

Increase market share

Total Revenue

Increase 5% in first year

Customer Objectives

Measures

Targets: Timeline/ Metrics

Improve customer Retention

Turnover Rate Annually

15% or less turnover per year

Increase Customer Satisfaction

Customer Survey Satisfaction

Minimum score 95%

Attract New Customer

Percentage Increase in every Quarter

5% or more target value

Internal Business

Process Objectives

Measures

Targets: Timeline/ Metrics

Decrease lead times for new contract implementation

Project implementation time frames

Decrease time by 3% in first year

Learning and Growth Objectives

Measures

Targets: Timeline/ Metrics

Decrease employee turnover

Facilitate regular training and opportunities for development

Reduce by 4% in first year

Below, explain in 350-525 words:

why these objectives are appropriate for the project.

why these metrics and timelines are appropriate for your strategic plan.

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