Student groups will be required to prepare and present the following:
1) A Balanced Scorecard for an organization of their choosing.
a. Choose a company and provide a brief background about the company and why you chose to present this.
b. Develop and prepare a formal BSC for this company. For each of the four (4) major areas there should be a minimum of three (3) objectives with appropriate measures for each.
c. Prepare a detailed explanation of each objective/measure that fully justifies its inclusion in the BSC.
d. Prepare at least two (2) strategy maps to illustrate the reasoning behind your chosen objectives and measures.
Your group should complete your project addressing the following items:
1. Create a balanced scorecard for your chosen company. Link your scorecard measures using the framework from the exhibits in your text. Indicate whether each measure is expected to increase or decrease. Feel free to create measures that may not be specifically mentioned in the chapter but make sense given the strategic goals of your Company.
2. What hypotheses are built into the balanced scorecard for your Company? Which of these hypotheses do you believe are most questionable and why?
3. Discuss the potential advantages and disadvantages of implementing internal business process measures for your company. Would you recommend using this measure in your Companys balanced scorecard?
4. How beneficial would it be to drill down the measurements of the balanced scorecard to each segment of your company? Would the metrics you developed apply to all segments of your Company? Why or why not?