The vital objective behind employing an effective system of performance measurement could be stated to enhance the performance and the productivity of a particular organisation. The application of such a system would aid the organisation to serve its respective employees, stakeholders, customers and owners in an increasingly better manner (Johnson, 2006). The implementation of an accurate system of performance measurement would help to bring out the information which would evidently indicate the health along with the future and the present position of a business. The system of measuring the performance of an organisation would provide with necessary and vital information regarding the ways of enhancing the prospects and minimising the challenges posed to an organisation. An appropriate system of performance measurement facilitates an organisation to plan, gauge and manage its overall business performance in accordance with an already set strategy. In other words, it can be stated that such a system would facilitate a specific business to attain the aspired results and would also enable the organisation to create shareholder worth (Johnson, 2006). The Balanced Scorecard The system of balanced scorecard (BSC) is considered to be the most broadly employed system of gauging the performance of an organisation in the present day context. This particular system entails the parameters of measuring the performance from few different aspects. These aspects include a customer perspective, learning as well as an innovative perspective, financial perspective and an internal perspective related to the business process (Johnson, 2006). With the aid of the employment of such different perspectives, this system takes into concern both kinds of performance measures that is leading as well as lagging. The consideration of both the kinds of performance measures aids in delivering and ascertaining an increasingly balanced perception with regard to the performance of the organisation. The leading indicators entail vital measures like customer contentment, timely delivery, development of fresh products and developing the capabilities of the employees. The conventional lagging indicators take into concern the financial measures like the factor of profitability and increase in the revenue. This system of balanced scorecard is considered to be beneficial and effective for organisations as it facilitates the organisations to bring into line each and every staff level towards a particular strategy for the purpose of carrying it out more successfully (Johnson, 2006). Suggested Balanced Scorecard Measures for BSkyB and ESPN Both the considered organisations i.e. BSkyB and ESPN need to implement the measures with regard to the balanced scorecard system which would aid the organisations to monitor their respective performances. The organisations would need to evidently state its mission statement. After this the strategic purposes in harmony with its mission statement needs to be recognised. Determination of the strategic aims would aid the companies to develop a comprehension regarding the role of
BSkyB & ESPN Table of Contents 1 Table of Contents 2 Question 1 3 The Need for a Performance Measurement System in an Organisation 3 The Balanced Scorecard 4 Suggested Balanced Scorecard Measures for BSkyB and ESPN 4 Question 2 6 Two Other Different Strategic Management Accounting Techniques 6 Comparison and Contrast of the Problems Faced 9 References 10 Question 1 The Need for a Performance Measurement System in an Organisation Ever since the commencement of an organisation, it is significant and necessary to comprehend the requirement of gauging the performance of an organisation…
....................................................4 2 Research Objectives.......................................4 3 Terms of Reference.........................................5 4 Approach..........................................................6 5 Issues for Inclusion in the Research.
Case Study Case Study News Corp's buyout of BSkyB The news flung into print and electronic media on November 4, 2010 that the News Corp has offered to buy remaining 61 percent of BSkyB. News Corporation is owned by media mogul Keith Rupert Murdoch who already owns almost 39 percent of the equity in BSkyB.
This is observed in comparison to the companies competence related to investments and in dealing with the physical form of assets. The notion of balanced scorecard was initiated with regard to the mentioned alterations made by the companies. The balanced scorecard was found to complement the customary financial measures along with offering decisive factors in relation to gauging the performance with respect to few additional viewpoints.
With respect to this, the success of the work in the research depends heavily on the quality of information and data collected from various sources because only on the basis of timely and relevant information, a feasible and fruitful data analysis can be taken into account for retrieving the most applicable solution of the research problem.
(1997). Sky High: The Inside Story of BSKYB. U.K: Orion Business Books 10 Horsman, M. (1998). Sky High: The Amazing Story of BskyB - and the Egos, Deals and Ambitions that Revolutionized TV Broadcasting. U.K : Orion Business Books 10 Starks, M. (2007). Switching to digital television.
There will be two sections in this essay: 1- discussion about the theoretical underpinning of strategic leadership and 2- strategic issues that are facing by the chosen organization. At first, the researcher will try to understand the business matrix of News Corporation so that in latter part of the essay, the researcher can link the concept of strategic leadership to the business portfolio of the selected company.
ignificant sociological issue in UK.1This paper delves on the research question that seeks to establish the link and impact of wealth inequality on health status of UK citizens.
Ideally, there have been numerous empirical studies leading to fundamental arguments and debates on