Question: It is important for managers to identify one or more metrics for each of the 4 perspectives of Balanced Scorecard. For this question. consider a

It is important for managers to identify one or more metrics for each of the 4 perspectives of Balanced Scorecard. For this question. consider a airplane manufacturing company such as Boeing. Boeing offers its clients a small range of products with high price tags. It has clients all over the world but its main customer is the US government. Boeing operates in a highly competitive industry and the company regularly seeks new contracts and seeks to develop innovative products to maintain its competitive edge.

Required:

a) Identify 3 metrics that Boeing could use to measure its success relating to the financial perspective of a balanced scorecard (3 marks).

b) Identify 3 metrics that Boeing could use to measure its success relating to the customer perspective of a balanced scorecard (3 marks).

c) Identify 3 metrics that Boeing could use to measure its success relating to the internal business processes perspective of balanced scorecard (3 marks).

d) Identify 3 metrics that Boeing could use to measure its success relating to the learning and growth perspective of balanced scorecard (3 marks).

e) How would Boeing use Balanced Scorecard to achieve their strategic objectives? (6 marks).

f) Describe 2 weaknesses of the Balanced Scorecard. (2 marks).

Thank you.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!