elaborate on the importance of the balanced scorecard in maximizing return on investment?
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Q: How exactly does adopting a balanced scorecard assist in maximizing your return on investment (ROI)?
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Can you elaborate on the importance of the balanced scorecard in maximizing
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- How exactly does adopting a balanced scorecard assist in maximizing your return on investment (ROI)?Discuss the manner in which the balanced scorecard framework enhances return on investment (ROI)?Explain the “Balanced Scorecard” concept. In your own words, why is it important for managers to evaluate performance in more areas than just standard financial/accounting measures?
- Explain why you believe that the balanced scorecard is an important critical strategic management concept. Be sure to explain the various elements of a balanced scorecard.Discuss the meaning and purpose of a balanced scorecard for a company. Explain the four key areas involved and the different financial and non-financial metrics of interest to the company. As you respond, provide examples across industries and how a balanced scorecard can complement a SWOT analysis.In as few words as possible, please define "balanced scorecard." How does it relate to the functioning of a business?
- Why should the production requirements set forth in the production budget be carefully coordinated with the sales budget? What is participative budgeting? Discuss some of its advantages. Why is it important for a manager to receive frequent feedback on his or her performance?An economic downturn has significantly impacted Avondale Industries, and, as a way of reducing costs as revenues shrink, the company is considering cutting training and development dollars. Why is it a good idea for the company to still offer training, even though the training and development office might have to offer programs in more cost-effective ways? If the training and development budget is totally cut, it will be extremely difficult to rebuild the office when the economy has recovered. Offering training will help employees use company resources more effectively, which will allow them to be more satisfied in their current jobs. Offering ongoing training increases the likelihood that, in case the company needs to downsize, employees will have updated skills if they need to seek employment elsewhere. Training current employees is cheaper than hiring new employees, so offering training to existing employees will actually save the company money.A fire destroyed a large percentage of the financial records of the Carter Health System. You have the task of piecing together information to prepare a financial report. You have found the profit margin to be 5.4 percent. If sales were $4 million on total assets of $2 million and the amount of debt financing was $800,000, what was Carter’s return on equity? (Hint: Use the Du Pont equation to answer this question.)