Strategic Models - Essay Example

Only on StudentShare

Extract of sample
Strategic Models

The balanced scorecard includes qualitative insights in addition to quantitative measures like financial statements to give the decision makers a bird's eye view of the past health and also the future course of action of the company.
While financial measures like Return on Investment, sales and profit values, continue to be critical, new units like quality measures (warrantee/replacement/return/refund costs), employee skill and satisfaction measures (attrition/training/redeployment cost), future growth measures (R&D costs) are also taken into account.
Wells Fargo and company is a diversified financial services company based at San Francisco, California and offers a range of financial products. The company has been termed as one of the safest banks in the world. (The World's Safest Banks 2007, October 2007)
Wells Fargo bank used Balanced Score Card to identify its future growth path. Within 3 years of implementing the insights it got from a BSC, it was voted as the best online bank. As a result of the BSC, it increased its customer base by 4.5 times, and also decreased its cost per customer by as much as 22%. Additionally, it was able to add over 750,000 online customers over a 2 year period. (Beiman I. and Johnson J.C., n.d.)
The conventional manufacturing strategy model states that there i ...Show more


The concept of Balanced Score card was introduced by Kaplan and Norton in the year 1996, and is defined as "integrated management method based on key performance indicators which analyzes the strategy of a company or company unit as well as relevant external and internal aspects and identifies how these interact." (Glossary, 2008)
Author : arelylakin
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Strategic Models"
with a personal 20% discount.
Grab the best paper

Related Essays

Timmers Proposed Business Models
Introduction Internet business models is one of the buzzwords in today's virtual community marketplace. There are a number of different frameworks that businesses may use to launch a business on the Internet. Paul Timmers wrote about electronic commerce when the Internet was still relatively new and uncharted territory, which made him a visionary.
25 pages (6250 words) Essay
I-HRM & Performance Management and Strategic Management
I-HRM & Performance Management and Strategic Management: Title Page: List : Abstract: Introduction: The need: They dynamic nature of I-HRM: Literature Review: Strategic management models: Performance Management: Communication: Performance management and motivation: Strategic Management: Expatriate factor: Recruitment Factor: Site Factor: Conclusion: References: Abstract: Human resource management is an integral part of any organization’s frame work, regardless of its domestic or global patterns.
10 pages (2500 words) Assignment
Mental models
Peter Senge, in his work entitled The Fifth Discipline, defines mental models as “deeply held internal images of how the world really works” (Kaufman et al., 2003, p. 7). These mental models, which can take the form of either complicated theories or plain assumptions, have a great influence on a person’s perception of others.
4 pages (1000 words) Essay
Strategic Human Resource Management
As a result of these developments, HRM has become a major thrust area where the focus is on synergizing and propelling organizations to seamlessly integrate with the macro environment. The field of HRM can become a greater strategic contributor to organizational performance and success (Mathis and Jackson, 2003).
6 pages (1500 words) Essay
Academic Models in Strategic Management
Definitions of strategic management focus on effectiveness and organizational efficiency – “making the right decisions” and “using resources wisely” (Davidson et al, 2003, p. 7). The large volumes of theoretical work supporting management practice aim to develop optimal performance strategies.
4 pages (1000 words) Essay
Strategic Deterrence
Strategic deterrence may sound somewhat negotiating between the companies or the firms but ideally speaking it really reduces the risk of incurring losses. This situation comes when firms start loosing customer base, profit on sales and the business tending to break-even point, which is generally referred as no profit and no loss point.
7 pages (1750 words) Essay
Points To Consider
Similarly, the most complex form of conflict according to the author is that of the Avoidance-Avoidance conflicts. These can be described as a situation in which a shareholder, or
2 pages (500 words) Article
Critically compare and evaluate selected models or schools of thought to the management of business strategy.
There are a number of theoretical models devised by experts to provide a guide for business strategists in formulating the best possible strategy for their firm. Some are eternally driven, some internally, and some combine
7 pages (1750 words) Essay
Evaluating Contracts
On the other hand, a cost-reimbursement contract is one where the business will enter into an agreement with the agency, under terms covering the costs of materials; the business
6 pages (1500 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email