StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Developing a Balanced Scorecard - Thesis Example

Cite this document
Summary
This thesis "Developing a Balanced Scorecard" derives a balanced scorecard to measure the performance of Saudi schools on the issue of safety – an evaluation process as well as general safety and safety awareness recommendations. The balanced scorecard in this instance would be comprised of a grid that branches out into further subdivisions…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Developing a Balanced Scorecard
Read Text Preview

Extract of sample "Developing a Balanced Scorecard"

Download file to see previous pages

The five salient perspective indicators which have been identified in the study can be summarized as follows: (a) safety management through the elimination or reduction of accidents, including related aspects such as reducing accident-related costs and leading by example as well as through an emphasis on safety awareness (b) Improvement of safety performance levels through safety learning and adequate training for new recruits, as well as through the establishment of an effective feedback system (c) operational aspects related to establishing a feedback system, through creation of a better working environment, implementing effective follow on system and carrying out effective site planning (d) safety performance through ensuring student and teacher satisfaction, as well as through the enhancement of school students’ morale and lastly through (d) the safety climate, wherein a safe environment is established by controlling violent, aggressive behavior and ensuring healthy relationships among all the members of the school.

Education spending has risen dramatically in Saudi Arabia in the last decade, with a 12.8% increase in spending during the last year – from Saudi Riyals 121.9 billion to 137.6 billion (Conway, 2010). There are about 25,000 schools, of which 16,000 operate out of rented buildings and the Government has spent money acquiring land to build schools. Attendance at schools and at Universities is completely free; there are no tuition fees, rather students at the post-secondary level actually receive a stipend.

The Government also funds vocational training centers, which offer Saudi students training in typing, shorthand, accounting and other skills (www.education.stateuniversity.com).The Balanced Scorecard is a strategic management system that focuses on the measurements of a company’s activities in terms of its vision and strategies. It eschews sole reliance on financial metrics and also emphasizes performance metrics in order to arrive at an effective assessment of the evaluation of the factors that drive corporate success.  

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Developing a Balanced Scorecard Thesis Example | Topics and Well Written Essays - 7250 words, n.d.)
Developing a Balanced Scorecard Thesis Example | Topics and Well Written Essays - 7250 words. https://studentshare.org/management/1745109-developing-a-balanced-scorecard-bsc-for-evaluating-the-safety-performance-of-saudi-public-schools
(Developing a Balanced Scorecard Thesis Example | Topics and Well Written Essays - 7250 Words)
Developing a Balanced Scorecard Thesis Example | Topics and Well Written Essays - 7250 Words. https://studentshare.org/management/1745109-developing-a-balanced-scorecard-bsc-for-evaluating-the-safety-performance-of-saudi-public-schools.
“Developing a Balanced Scorecard Thesis Example | Topics and Well Written Essays - 7250 Words”. https://studentshare.org/management/1745109-developing-a-balanced-scorecard-bsc-for-evaluating-the-safety-performance-of-saudi-public-schools.
  • Cited: 0 times

CHECK THESE SAMPLES OF Developing a Balanced Scorecard

Functional Area Interrelationships-Kuddler Fine Foods

Collaboration among the departments can be improved if the company introduce Balance scorecard (BSC) as a part of management control system.... Managers of different departments should share their view with each other while developing the BSC for the organisation.... Some of the vital steps are discussed below: Figure 2: Steps to be followed while developing BSC in the organisation (Source: Kaplan & Norton, 2002, p....
3 Pages (750 words) Essay

Strategic Plan, Part III: Balanced Scorecard

Strategic Plan, Part III: balanced scorecard Name: Lecturer: Institution: Course: Date: Strategic Plan, Part III: balanced scorecard The balanced scorecard is vital when developing a strategic plan and management in a business.... The fast food restaurant will implement strategic objectives that would base on the balanced scorecard for measuring the organization performance.... The balanced scorecard will enable the company to monitor the performance of the company depending on the strategic objectives....
3 Pages (750 words) Essay

Motorcycle Project Analysis

Implementing the feedback collected from the market in efficiently developing a sample product.... A project organization is a formation that allows the management and execution of project tasks.... Its primary motive is to create a setting that promotes communications amongst the group participants with a minimal amount of disorder, conflict and overlap....
6 Pages (1500 words) Essay

How to implement a new strategy

The authors feel that developing a management system with a balanced scorecard framework is the best way to start with a successful system.... These companies “used the tools of balanced scorecard strategy management to guide the decentralized units in their search for local gain even as they identified ways for them to contribute to corporate wide objectives” (Kaplan and Norton).... scorecard based systems can be very effective for companies....
3 Pages (750 words) Essay

Learning and Growth Perspective of a Company

provide comfort and convenience to clients; ensure safe and secure services by analyzing current global political, economic and environmental situations and providing a travel advisory service for the clients travelling or those going to travel to certain regions known for the…  provide a high-quality of service, increase communication with current and potential customers, analyze customer's feedback and response adequately to improve service; rely on the customer's wants and needs Develop new market niche, propose new directions hat capture various segments; develop new directions in global tourism, focus on the natural environment and wildlife;focus on the issues of cultural diversity, providing a wider variety of skills needed for international customers The company needs to implement four major objectives, identified in the category of Learning and Growth Perspectives....
5 Pages (1250 words) Essay

Balance Score card (BSC), Beyond Budgeting and Economic value added (EVA)

balanced scorecard framework presents an all-inclusive outline regarding the strategic plans and business scheme of an organization with special reference to the performance metrics.... The framework encompasses financial activities, internal processes, the evaluation and… It not only turns out to be highly supportive in respect of estimating and evaluating the performance of the staff members, but also the scorecard leads towards the determination Hence, balanced scorecard provides a clear picture of the tangible and intangible assets, human resource, available equipments, customers range and quality, and the plans necessary for the financial growth of the organization....
4 Pages (1000 words) Essay

Designing and Implementing an HR Scorecard by Garrett Walker and J. Randall MacDonald

The author has deliberated at length on various aspects of balanced scorecard Model, initially presented by Kaplan and Norton (1996) and implementation in GTE Corporation in a varied form as HR Scorecard.... The author explored various aspects of HR Scorecard implementation in GTE Corporation but results thus formulated are not comprehensively backed by research on the implementation of balanced scorecard Model in other organizational setups.... The article is centered on the importance and implementation of balanced scorecard Model....
1 Pages (250 words) Essay

The Balanced Scorecard Approach

In brief, the Balanced Scorecard approach is a management measure that will allow Nando's as a Food and Beverage company to set, track, and obtain its major business strategies and goals (Prasad & Dev, 2000: 22). Justification of why and how Nando's will use the BSC approach According to Hoque & James (2000: 1-17), a number of reasons justify why a balanced scorecard should be used by Nando's as a middle-high range food service industry.... … Measures of Operational Performance Related To F&B Operations Measures of operational performance related to F&B operations The balanced scorecard Approach (BSC) Description This is a strategic management and planning system that is widely used in industries, non-profit organizations, and businesses to align commercial activities to the policy and vision of the business, enhance external and internal communications, and watch performance aligned with strategic goals....
3 Pages (750 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us