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 |
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| 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 |
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| 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 |
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| Learning and Growth Objectives | Measures | Targets: Timeline/ Metrics |
| Decrease employee turnover | Facilitate regular training and opportunities for development | Reduce by 4% in first year |
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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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