Discuss the basic features of the Balanced Scorecard.
Discuss the basic features of the Balanced Scorecard.3 - Explain
how the Balanced Scorecard links measures to strategy.
At the end of 20x1, Mejorar Company implemented a low-cost
strategy to improve its competitive position. Its objective was
to become the low-cost producer in its industry. A Balanced Scorecard was developed to guide the company toward this objective. To
lower costs, Mejorar undertook a number of improvement activities such as
JIT production, total
Now, after two years of operation, the president of Mejorar wants some
assessment of the achievements. To help provide this assessment, the
following information on one product has been gathered:
1. Express Mejorar's strategy as a series of if-then statements. What does
this tell you about Balanced Scorecard measures?
2. Prepare a strategy map that illustrates the relationships among the likely
strategic objectives.
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