Question: Scorecard Areas - The company I chose is Tesla. Develop at least three strategic objectives for each of the four balanced scorecard areas. Financial Objectives

Scorecard Areas - The company I chose is Tesla.

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

Advance in autonomous driving

Car feature comparisons at release year

Increase 5% by release date

Customer Objectives

Measures

Targets: Timeline/ Metrics

Increase customer value

Increase profit contribution per customer

Increase 5% in first year

Increase customer satisfaction ratings

Customer surveys and ratings

Increase 80% or more after 1 year of ownership

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

Reduction in labor on EV batteries

Record the average time it takes to create one battery

Decrease time by 10% in one 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

Increase shareholder value

Sell more units to lower overall unit cost

Increase by 10% in one 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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