NAME: REGISTRATION NUMBER: COURSE: INSTITUTION: DATE: Introduction BAE is putting great efforts to integrate Balanced Scorecard style to its business from the perception of implementation. “Balanced scorecard” can be described as a system in strategic development and management that aims at aligning business activities to the organization’s vision and mission thus improving overall performance. The main part played by Balanced Scorecards is embracing an organization and its workers that are accountable for such events as those influencing others. This comprises both internal and external performance. It upholds experts and companies awareness regarding their consequences of their actions in order to enable them to consistently chase after success. Balanced Scorecards affects each section of the organization and consequently they typically have a remarkable influence on the organization of a company generally. Balanced Scorecards has another vital role of controlling an organization’s internal actions. It is possible to have some actions BSC approach has many benefits among which it enhances customer needs realization fulfillment of needs of stakeholders employees as well as having a wide range applicability to other sections. BSC method enable individuals to be accountable for their efforts to achieve the benchmarks they agreed upon. Consequently BSC method helps organizations to attain their predetermined objectives through improved decision-making process taking inro consideration its budget as well as its stakeholders. Therefore BSC approach helps reduce the conflicts between organization members. Again BSC approach permits companies to employ innovative and advanced technologies plus improve appropriate areas of application of the freshly developed and enhanced technologies.CITATION PDA \l 1033 (PDAX Finacial Score Cards ($60 payment) n.d.)REFERENCES: Liz Murby S. G. (n.d.). Effective Performance Management with the Balanced Scorecard: Technical Report. Retrieved from www.cimaglobal.com: http://www.cimaglobal.com/Documents/ImportedDocuments/Tech_rept_Effective_Performance_Mgt_with_Balanced_Scd_July_2005.pdfPDAX Financial Score Cards ($60 payment). (n.d.). Retrieved from www.justanswer.com: http://www.justanswer.com/business-finance-homework/806kp-pdax-finacial-score-cards-60-payment.htmlStrategy-based Balanced Scorecards for Technology. (n.d.). Retrieved from www.balancedscorecord.org/Portals/0/PDF/Technology%20Balanced%Scorecord%20Systems_06222010_Final.pdf [...]
BSC IMPLEMENTATION & THE INTERNAL BUSINESS PROCESS PERSPECTIVE Assignment Overview Any large scale change endeavor requires a great deal of effort on the part of a given organization to implement. Implementing a corporate wide BSC based performance management system is no difference. In implementing such a system, organizational leaders face the challenge of overcoming organizational inertia rooted in resistance to change. This is no easy challenge, and is one of the major reasons why the majority of BSC initiatives (or large scale change initiatives in general) fail. In this module, therefore, we are going to look at the BSC not due to its value as a means of integrating strategy with operations or due to its usefulness as a performance management tool. Rather, in this module we are going to put on our organizational dynamics consultant hat and consider what it takes to implement a large scale organizational change endeavor. After completing the readings presented, write a 3-4 page essay that addresses the following issues. In your own words, describe the efforts put forth by BAE in implementing the BSC approach in their organization from an implementation perspective. What efforts did they make to assure employees would be receptive to, and accept the BSC initiative? Describe to what extent you believe their efforts paid off. The case study for BAE can be found in Chapter 7 of: Murby, L., & Gould, S. (2005). Effective performance management with the balanced scorecard: Technical report. Chartered Institute of Management Accountants. Retrieved from http://www.cimaglobal.com/Documents/ImportedDocuments/Tech_rept_Effective_Performance_Mgt_with_Balanced_Scd_July_2005.pdf Assignment Expectations Your assignment should include the following: Introduction: In this part of your essay you will need to introduce your topic and provide a very brief overview of the key points you plan to make in your paper. Analysis: In this section you will present the actual comparison and contrast between BAA’s approach to the Balanced Scorecard and more traditional approaches. Conclusion: Wrap up your argument with a clear and cogent synopsis of your findings. Do your best to convince your reader (aka, your professor) as to your position. Additional Instructions: Your essay should be 3 to 4 pages in length (not counting your title page or references). You must include a list of references. APA formatting is preferred. Do not paste in sections of text into your essay. All of your work must be written in your own words. It’s OK to use a short quote now and again, but quotations must be in quotation marks and properly cited. In-text citations should be used anytime you are borrowing somebody else’s ideas, or information. That is to say, if you are borrowing a thought from a publication from J. Bravo’s article written in 2010, that section of text must be followed with (Bravo, 2010). Quotations, data, and general ideas (put into your own words) should all be cited.