Question: The balanced scorecard (BSC) is a performance management system that organisations use to: Communicate what they are trying to accomplish Align the day-to-day work that
The balanced scorecard (BSC) is a performance management system that organisations use to: Communicate what they are trying to accomplish Align the day-to-day work that everyone is doing with strategy Prioritise projects, products, and services Measure and monitor progress towards strategic targets The system connects the dots between big picture strategy elements such as mission (our purpose), vision (what we aspire for), core values (what we believe in), strategic focus areas (themes, results and/or goals) and the more operational elements such as objectives (continuous improvement activities), measures (which track strategic performance, targets (our desired level of performance), and initiatives (projects that help you reach your targets). QUESTION: Prepare a Balanced Scorecard BSC for A BUSINESS that you are familiar with. You will need to relate this task to the HEROMOTOCORP that you work in. This BSC can be a strategic level or departmental level. In your answer you should display your understanding of the BSC, discuss the benefits and drawbacks of the BSC, and explain why you have chosen the metrics used for your BSC. NEED DETAIL ANSWER WITH REFERENCE
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