Purchase Solution

Balanced Scorecard: financial perspective

Not what you're looking for?

Ask Custom Question

Walmart's , purpose, mission, vision, and overall strategy. What type of access/information is available in reference to its financial performance, marketing, internal operations, strategy, and management systems.
Ã?¢â?¬Ã?¢ Identify at least three objectives for improving the organization's financial position, and show how they relate to the mission, vision and strategy of the organization.
Ã?¢â?¬Ã?¢ For each objective, develop at least one meaningful performance measure (metric).
Ã?¢â?¬Ã?¢ For each objective, identify at least one expected level of performance (target).
Ã?¢â?¬Ã?¢ For each objective, identify at least one new action or program that needs to be developed to ensure successful implementation of the organization's strategy (initiative).

Attachments
Purchase this Solution
Solution Summary

This explanation provides you a comprehensive argument relating to financial perspective

Solution Preview

Please see the attachment.

The Wal-Mart mission statement is: "We save people money so that they can live better" The strategy of Wal-Mart is cost leadership strategy.
The information available is the annual report and the financial statements. In addition, news reports of marketing strategy, internal operations, strategy, and management systems are also accessible.
Financial perspective:
Objective ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Operations Management

This quiz tests a student's knowledge about Operations Management

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

View More Free Quizzes
Related BrainMass Solutions

  • Balanced Scorecard: Short Discussion Question

    If this is the case, the financial perspective would always outweigh other perspectives, leading to an unbalanced scorecard.

  • The Master Budget Scorecard

    Four key criteria: A balanced scorecard contains four criteria that include financial perspective, customer perspective, internal process perspective, and learning and growth perspective.

  • The Balanced Scorecard Approach

    Balanced scorecard adds non-financial measures to traditional financial metrics to provide better visibility to managers and provide a more balanced view (Balanced..., n.d).

  • Perspectives of the Balanced Scorecard

    Financial perspective - This perspective is not intended to be used on its own because even though timely and accurate financial data is always important to an organization, too much emphasis on this perspective can lead to unbalanced results relating

  • Balanced Score Card

    For the performance measure under balanced scorecard the telecom industry would be chosen. Balanced scorecard Categories & Performance Measures Financial Perspective - The first category of balanced scorecard is financial perspective.

  • Balanced Scorecard

    Cite in APA format Overview "The balanced scorecard retains traditional financial measures.

  • Balanced Scorecard

    As opposed to Return on capital employed, the balanced scorecard didn't just focus on the financial perspective.

  • Using a Balance Scorecard to Implement Strategies

    Financial As opposed to most previous measurement tools, the balanced scorecard didn't just focus on the financial perspective.

  • Balanced Scorecard

    As opposed to most previous measurement tools, the balanced scorecard didn't just focus on the financial perspective.

  • Balanced Scorecard

    For each strategic objective, develop a metric and target using a Balanced Scorecard format. Attached is a balanced scorecard for Global Computer Consulting Business. This scorecard will further assist with your studies.

View More Related Solutions