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.

Balanced Scorecard and Strategy Map - Coursework Example

Comments (0) Cite this document
Balance Score Card and Strategy Map Executive Summary The study has been prepared for understanding the utility and functioning of the balance score card in an organization. The balance score card is a strategic management tool which helps in evaluating the performances related to the financial as well as non financial factors, used extensively in many industries, businesses and other non profit seeking organization…
Download paper
Balanced Scorecard and Strategy Map
Read TextPreview

Extract of sample
Balanced Scorecard and Strategy Map

The study will identify the measures to be taken for fulfilment of the objectives followed by the recommendations to Chevron for achieving the target. The study will also reflect the strategy mapping for Chevron Corporation followed by the link between each perspective (financial, customer, internal business process, learning & growth) and the perspectives and the objectives. In this study, it will be shown that how the four perspectives of balance score card are linked to each other and how the perspectives and objectives are linked to each other. Finally the study will be concluding with a critical analysis of the balance score card and the limitations of the balance score card. Table of Contents Executive Summary 2 Table of Contents 3 Introduction 4 Vision of Chevron 4 Strategy 5 Designed Balance Scorecard 5 Balance of Balance Score Card 10 Strategy Map 12 Links within Each Perspective and the objectives 13 Recommendation 14 Balance Score Card: A Critical Analysis 15 Limitations of Balance Score Card 16 Works Cited 17 Name of the student Name of the professor Course number Date Introduction Chevron Corporation is a multinational energy corporation whose headquarter is located in San Ramon, California. The company operates in more than 180 countries and is engaged in gas, oil and other geothermal sectors including production, exploration, marketing, chemicals manufacturing and power generation. It is one among the six major oil companies. From last five years, the company has been ranked as the third largest corporation (in Fortune 500) in America. Chevron is considered to be one of the largest corporations, in terms of revenue. Vision of Chevron The vision statement of Chevron is “At the heart of The Chevron Way is our vision …to be the global energy company most admired for its people, partnership and performance" (Chevron, “The Chevron Way”). The values of Chevron Corporation are: Integrity The company performs its operations with integrity and meets the highest standards of codes and ethics in its business dealings. The company believes in keeping its commitment and accepting the responsibilities (Chevron, “Values”). The company holds itself accountable for its work and its actions. Diversity Chevron respects the culture in which it works and learns from it. It values and respects the uniqueness of the individual and their varied perspectives and the talents they possess. It has an inclusive working environment. Protecting the people as well as the environment The company places its highest priority on the safety of the work force and the protection and proper care of its assets and environment (Chevron, “Corporate Responsibility”). The company aims to be admired for the world class performance by means of the Operational Excellence Management System. Trust The management and the employees of Chevron believe in respecting and supporting each other and they strive for earning the trust of the partners, the colleagues and the customers. Ingenuity The company seeks opportunities out of ordinary solutions. It utilises the creativity of the employees to find practical ways of solving problems. High performance The company is committed to the excellence in its performance. It strives to improve consistently and achieve results that exceed the expectations. Strategy Chevron states that its capital ... Read More
Cite this document
  • APA
  • MLA
(“Balanced Scorecard and Strategy Map Coursework Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.net/finance-accounting/97260-balanced-scorecard-and-strategy-map
(Balanced Scorecard and Strategy Map Coursework Example | Topics and Well Written Essays - 2500 Words)
“Balanced Scorecard and Strategy Map Coursework Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.net/finance-accounting/97260-balanced-scorecard-and-strategy-map.
  • Cited: 0 times
Comments (0)
Click to create a comment
A balanced scorecard from the published financial statements of John Lewis Introduction John Lewis Partnership, being one of the main retailers in UK, was created by John Spedan Lewis as a company focused on the happiness and satisfaction of the staff (John Lewis plc, 2011).
11 Pages(2750 words)Coursework
Balance Scorecard and Strategy Map of TESCO
Balance Scorecard and Strategy Map of TESCO. Kaplan and Norton formulated the balanced scorecard strategy and the strategy map in the 1990s. Since then many businesses have implemented this strategy and management tool and have witnessed success. This report tries to look into the ways in which Tesco Plc has implemented this method in the day to day business and the management decision making process.
9 Pages(2250 words)Coursework
Manual - Google Street (Google map 3D)
In simple terms, the Google 3D maps entail a well-integrated set of online Global Position Systems for map navigation, which provides users
3 Pages(750 words)Coursework
Balance scorecard
The nursery volunteers can employ the BCS which constitutes of non financial and financial measures in order to promote their long term profitability, survival and reduction of poverty in the
8 Pages(2000 words)Coursework
The balanced scorecard is descending for the business followed by the development of a strategy map for the company based on the results of the balanced scorecard
11 Pages(2750 words)Coursework
Coursework 2: Financial service (Home Retail Group)
The paper further seeks to discuss how mangers, directors and other managerial leaders use balance scorecards to align business activities to the identified vision and strategy, and to monitor
11 Pages(2750 words)Coursework
It thus explores the background information of Homebase Retail Company to establish the organizations present position of the organization in alignment with its future objectives. The analysis presents the balanced scorecard of Homebase Retail Company in four distinct sections
14 Pages(3500 words)Coursework
Transforming the balanced scorecard
The popularity is due to its emphasis on the linkage of measurement to strategy and cause and effect linkages that outline the hypotheses of the strategy. It also shows the changing nature of technology and competitive advantage. Modern
1 Pages(250 words)Coursework
Balanced score card
iding accurate and appropriate information in the Middle East region.The second objective of the company entails increasing funding in the next budget period by 200%. The funding will be provided by senate and will mainly be used for marketing. The funding will also be used to
1 Pages(250 words)Coursework
Financial Analysis of Business Decision Making: Marks and Spencer Online Store (M&S.com)
Organizational perspective indicates appropriate measures to be undertaken so as to ensure long term sustainability. Process perspective evaluates various loopholes which need to be eradicated to address customer needs. Customer perspective is all about image building in
11 Pages(2750 words)Coursework
Let us find you another Coursework on topic Balanced Scorecard and Strategy Map for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us