Scorecard Areas Develop at least three strategic objectives for each of the four balanced scorecard areas for
Question:
Develop at least three strategic objectives for each of the four balanced scorecard areas for the company Walmart.
Financial Objectives | Measures | Targets: Timeline/ Metrics |
Increase market share | Total Revenue | Increase 5% in first year |
Save Money | ||
Customer Objectives | Measures | Targets: Timeline/ Metrics |
Increase customer value | Increase profit contribution per customer | Increase 5% in first year |
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 |
explain in 350-525 words:
- why these objectives are appropriate for the project.
- why these metrics and timelines are appropriate for your strategic plan.
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott