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 |
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| 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 |
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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 |
| Reduction in labor on EV batteries | Record the average time it takes to create one battery | Decrease time by 10% in one 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 |
| Increase shareholder value | Sell more units to lower overall unit cost | Increase by 10% in one 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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