Please write your answer in the form of report for these two theoretical questions. Your Report should have the proper structure: Introduction, Main Body and Conclusion. Your discussion for each question should be around 600-650 words. There is no right or wrong answer for these two theoretical questions. The academic reference is required for both questions.  Note: If you fail to follow the above instructions, the penalty will apply.    Please answer the following questions:   a) Many academic scholars believed that‘The balanced scorecard (BSC) is the best strategic planning and management systembecause it takes non-financial measures into consideration.’   Required:   Critically discuss the above statement with reference to academic literature. In your discussion, you should also refer to Kaplan and Norton BSC model (1992) below.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question
100%

Please write your answer in the form of report for these two theoretical questions. Your Report should have the proper structure: Introduction, Main Body and Conclusion. Your discussion for each question should be around 600-650 words. There is no right or wrong answer for these two theoretical questions. The academic reference is required for both questions. 

Note: If you fail to follow the above instructions, the penalty will apply. 

 

Please answer the following questions:  

  1. a) Many academic scholars believed that‘The balanced scorecard (BSC) is the best strategic planning and management systembecause it takes non-financial measures into consideration.  

Required:  

Critically discuss the above statement with reference to academic literature. In your discussion, you should also refer to Kaplan and Norton BSC model (1992) below. 

         Refer Screenshot                                                                      

  1. b)

Investment appraisal techniques primarily meant to appraise the performance of a new project. Some managers believed that Net Present Value (NPV) is better than other techniques because it can be used in complicated and mid-period cash flow.’ 

Required: 

Critically discuss the above statement with reference to academic literature. In your discussion, you should refer to the other investment appraisal techniques you learned in this module. 

Financial
To succeed
financial, how
should we
appear to our
financial
stakeholders?
Customer
Internal Processes
To satisfy our
financial
stakeholders
Who are our
Vision
customers and
what do they
схресt or
demand?
and
and customers,
Strategy
at what
processes must
we excel?
Learning & Growth
How can be the
ability to green
change and
improvement
sustained?
Objectives
Measures
Initiatives
Objectives
Objectives
Measures
Measures
Targets
Targets
Initiatives
Initiatives
Objectives
Measures
Targets
Initiatives
Transcribed Image Text:Financial To succeed financial, how should we appear to our financial stakeholders? Customer Internal Processes To satisfy our financial stakeholders Who are our Vision customers and what do they схресt or demand? and and customers, Strategy at what processes must we excel? Learning & Growth How can be the ability to green change and improvement sustained? Objectives Measures Initiatives Objectives Objectives Measures Measures Targets Targets Initiatives Initiatives Objectives Measures Targets Initiatives
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Decision making patterns
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON