Question: TechMasters, Inc., has the following mission statement: To be the leader in innovation and new products for the industrial control instruments market. TechMasterss CFO, who
TechMasters, Inc., has the following mission statement:
To be the leader in innovation and new products for the industrial control instruments market.
TechMasterss CFO, who has just returned from an executive seminar on performance measurement, tells you that she has developed the following initial balanced scorecard as part of an exercise during class:
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Required
Comment on the scorecard and make recommendations about adding or deleting measures to align the scorecard with the companys strategy as defined by its missionstatement.
Perspective Objectives Perspective Objectives FinancialIncreased profitality Internal cycle Increased efficiency . Increased market share Customer Repeat orders Learning and growthEmployee satisfaction - Customer referrals . Employee retention
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