The Value Proposition For Worldclass

1426 WordsJun 6, 20166 Pages
In 2002, Worldclass Lighting introduced the balanced scorecard to the Asia Pacific and Greater China regions and was initially met with success and the improvement of their management’s review practices. As time passed, however, implementation issues began to arise and Worldclass was then faced with the decision of whether to continue or abandon the use of the balanced scorecard in that region in 2009. The value proposition for Worldclass to continue the balanced scorecard is that with strategic timing of reviews and quality indicator data, the improvement of the management review processes could be achieved, which would lead to increased profits and improved financial performance. The management team would be better informed and able to comprehend their team’s results and which actions had caused them. Managers contribute to obtaining the measure and can make suggestions to adjust the scorecard for improvement of the balanced set of measures linked to strategic objectives. The increased performance would be indicative of the success of the strengthening and reinforced relativeness of the four perspectives: financial, customer, process, and learning and growth. Some examples would be increased cash flow for financial, increased customer satisfaction from inquiries, increased distribution efficiency for process, and the company’s ability to longer retain its employees for the learning and growth perspective. The firm would be able to generate lead measures and extend more

More about The Value Proposition For Worldclass

Open Document