The customer perspective of the balanced scorecard approach is the most traditional view of the company. evaluates the internal operating processes critical to the success of the organization. evaluates how well the company develops and retains its employees. evaluates how well the company is performing from the viewpoint of those people who buy its products and services.
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The customer perspective of the balanced scorecard approach
- is the most traditional view of the company.
- evaluates the internal operating processes critical to the success of the organization.
- evaluates how well the company develops and retains its employees.
- evaluates how well the company is performing from the viewpoint of those people who buy its products and services.
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- The purpose of the balanced scorecard is best described as helping an organization: translate an organization’s mission and strategy into a set of performance measures that help to implement the strategy introduce innovative products and services desired by target customers mobilize employee skills for continuous improvements in processing capabilities, quality and response times develop customer relationsTrue or false A company’s balanced scorecard should focus on the performance measurements that are most important to its key competitor.Creating Balanced Scorecard (BSC) for the company name "Afterpay" : Financial Perspective Customer Perspective Internal Processes Perspective Learning and Growth perspective
- When performing sales mix analysis , which one of the following is false : a. Producing and selling more units of the product with a higher contribution margin would likely decrease the breakeven point b. Making changes to the sales mix will likely cause a change in the breakeven point c. The sales mix is usually assumed to be remain the same . d. Shifting the sales mix to the product with a lower contribution margin will likely ncrease the overall contribution margin e. Normally the calculation of the breakeven point for multiproduct is more complicated than that for a single productThe comparing step in the control process determines . the variation between actual performance and the standard the variation between actual performance and an external benchmark from a noncompetitor a company's relative position in the industry in terms of performance variances a company's relative position in the industry in terms of the standards used Organizational is a measure of how appropriate organizational goals are and how well an organization is achieving those goals. efficiency B) productivity C) yield D) effectiveness A(n) organization is highly formalized and 33) organic B) complex C) mechanistic D) learning A(n) organization is highly adaptive, loose, and 34) customer- oriented B) mechanistic C) organic D) centralized Daniela and Navaro disagree on the best way to…Assume that a customer in the small contractor target market segment buys an electric drill on average every two years (or every 0.5 year) for $200, when the gross margin on the drill averages 40 percent. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet 3. What is a 1 percent change in market share worth to the manufacturer if it represents 150,000 customers? Round your answers to the nearest dollar. 50 percent customer retention rate case: $ fill in the blank 4 75 percent customer retention rate case: $ fill in the blank 5 4. What do you conclude? If customer retention can be increased from 50 to 75 percent through better value chain performance, the economic payoff is .
- Using signavio or any PBM tools. Model the following business process at a supplier. After a supplier notifies a retailer of the approval of a purchase order, the supplier can receive an order confirmation, an order change, or an order cancelation from the retailer. It may happen that no response is received at all. If no response is received after 48 h, or if an order cancelation is received, the supplier will cancel the order. If an order confirmation is received within 48 h, the supplier will process the order normally. If an order change is received within 48 h, the supplier will update the order and ask again the retailer for confirmation. The retailer is allowed to change an order at most three times. Afterwards, the supplier will automatically cancel the order.Which of the following statements is true with respect to the performance metrics useful for productivity improvement? a) Cost of quality can be a useful measure for improvements conducted in one department of a company b) When the number of the indirect labor increases in relation to the direct labor, the productivity increases c) When the lead time to work content in a process is nearly equal, the process is likely to have very little waste d) When the First Pass Yield is more, we have greater opportunity to detect defects in the process when it is executedThe following reflects the types of processes aligned with the process analysis method: a. Directional and informational b. Directed and informed c. Directional and informative d. Directional information
- Goal congruence in well-designed performance measurement systems best explains a congruence between the board of directors and C-level management. True / FalseSustainable Performance Phase - The Sustainable Performance Phase transfers the process from being project oriented to an organization driven process. The purpose of this phase is to ensure the process is able to be maintained and make it part of business-as-usual. The BPM project is not over once the changes are implemented. The focus then needs to shift to monitoring feedback This feedback is usually obtained through the development of feedback loops. This feedback is important so the organization can continually improve its process and maintain a competitive advantage. Consider the following question as it applies to continual improvement and feedback loops. 1. What steps (place them in order from most important to least important) should be taken to develop an effective continuous feedback loop? 2. What controls would be necessary to ensure only valid data is collected?Benchmarking often compares a company against a key competitor or the industry average. True O False CE.