ABC International, Inc. In Week 3, you evaluated leadership issues, analyzed the Hogan Assessment, designed a compensation package and defended recommendations to the CEO. The CEO has requested a...

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ABC International, Inc.
In Week 3, you evaluated leadership issues, analyzed the Hogan Assessment, designed a compensation package and defended recommendations to the CEO. The CEO has requested a Balanced Scorecard.
  • Evaluate the purpose of a Balanced Scorecard
  • Identify the following categories on the Balanced Scorecard: Traditional Categories, Communication Flow, the role of the HR professional and a column for the Strategic Plan/Action Plan, and any other relevant information to improve the performance level of the organization.
  • Defended the importance of the Balance Scorecard and the correlation to align human capital with the goals of the decision makers.
  • Designed a supplemental graphic of the Balanced Scorecard.

Hi Class,

Below are a few suggestions to help you gain a better understanding of the Week 4 Project. You may add more content.

Be sure to limit the amount of quoted material per paragraph. The goal is for you to synthesize the lesson (explain in your own words). An excessive amount of quoted material will cause a reduction in points. If you need help with any assignment, please reach out to me via email, IM or phone. I am always happy to assist you.

Dr. Maddox

Remember to include an introduction, thesis statement and conclusion with each essay.

Credible Sources: Textbooks, SHRM Articles, SUO Library Articles, Harvard Business Review Articles, Government Websites, Google Scholar, etc.). Include three (3) credible sources per criteria to maximize your points.

Be sure to review the announcements posted in the classroom and review the Weekly grading rubrics. Maximize Your Points.

Criteria 1: Evaluate the purpose of a Balanced Scorecard.

  • Provide a definition of a Balanced Scorecard (include three (3) academically credible in-text citations / sources for this criteria).
    • Below are a few links to help you get started…be sure to find other academically credible sources.

https://balancedscorecard.org/bsc-basics-overview/

https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/howcanthebalancedscorecardbeappliedtohumanresources.aspx

  • Explain how HR can use the Balanced Scorecard.
  • Evaluate how an organization can use the Balanced Scorecard to gain the competitive advantage.

Criteria: 2: Identify the following categories on the Balanced Scorecard:

Here are a few links to view (sample balanced scorecards).

https://hbr.org/1992/01/the-balanced-scorecard-measures-that-drive-performance-2

https://www.executestrategy.net/blog/how-to-implement-the-balanced-scorecard

https://hbr.org/2007/07/using-the-balanced-scorecard-as-a-strategic-management-system

  • Traditional Categories: List the main categories that you would see on an organization’s Balanced Scorecard: Explain the importance of the categories you would find on the traditional Balanced Scorecard.
  • Communication Flow:

https://balancedscorecard.org/wp-content/uploads/2019/08/BSI-using-the-balanced-scorecard-to-align-your-organization.pdf

https://www.performancemagazine.org/communication-planning-balanced-scorecard/

  • Why is it important for an HR professional to have knowledge of and apply the Balanced Scorecard to the organizational goals?
  • How is the Balanced Scorecard used for strategic planning?
  • How does the leaders use the Balanced Scorecard for action planning?
  • How can the organization use the Balanced Scorecard to improve the overall performance level of the organization?

Criteria 3:Defend the importance of the Balanced Scorecard and the correlation to align human capital with the goals of the decision makers(be sure to include three (3) academically credible sources to maximize your points for this topic / criteria).

https://hbr.org/2007/03/maximizing-your-return-on-people

https://www.researchgate.net/publication/325942644_Effect_of_Human_Capital_Management_on_Firm_Performance_via_Balanced_Scorecard

https://www.amanet.org/articles/the-human-capital-scorecard/

  • Explain the term “human capital”
  • What goal has decision makers set for the organization and why?
  • Explain how the leaders in the organization can use human capital to gain the competitive advantage.
  • Explain the role HR plays in recruiting, assessing, and training employees – why is this important to the decision maker’s goals?
  • Explain how the Balanced Scorecard can be used to evaluate the strengths and weakness of human capital in terms of the agenda / goals established by the organization by the decision makers.

Criteria 4: Designed a supplemental graphic of the Balanced Scorecard.

Note: You will need to design a Balanced Scorecard (be sure to include three (3) academically credible sources to maximize your points for this topic / criteria).

After you have designed the Balanced Scorecard, provide an explanation for each of the topics you have listed.

  • Explain the pros and cons of a Balanced Scorecard.

Answered 2 days AfterAug 07, 2022

Answer To: ABC International, Inc. In Week 3, you evaluated leadership issues, analyzed the Hogan Assessment,...

Parul answered on Aug 09 2022
18 Votes
Evaluate the purpose of a Balanced Scorecard
Balance Scorecard is a strategic framework to instil strong performance metric which enables the companies to comprehend and enhance their internal operations. This is a holistic approach to generate synergies in the internal working that can help
in achieving the targets and synchronize the results (Kefe, I., 2019). As it is evident from the case scenario that, ABC International is plagued with certain internal issues like leadership and employee engagement. Therefore, the balance scorecard can be essential tool to identify the bottlenecks, improve the operations and enhance the performance (Kefe, I., 2019). Technically, balance scorecard can comprehend the past performance data and offers organization with the required feedback to better enable the decision making. In the eternal words of profound researcher and management professional Robert S. Kaplan, "The Balance Scorecard provides managers with the instrumentation they need to navigate to future competitive success". One of the most effective performance management frameworks is Balanced Scorecard, which is today widely used not just by private organization but also in government undertaking (Kaplan, R. S. and Norton, D. P., 1993). By the virtue of this assignment, I have analysed the concept of ‘Balanced Scorecard’ (BSC) and deeply integrating with the ABC International. I was also able to comprehend and evaluate effectiveness of BSC as a tool to measure and manage performance. I have learnt that Balance Scorecards are leverage as the roadmap to drive results and organizational performance for the organization. Essentially important aspect of Balance scorecard includes measurement, goals and initiative. As emphasized by Kaplan, R. S. and Norton, D. P. (1993) putting the Balanced Scorecard to Work One of the primary advantage of Balance Scorecard is enhanced communication provided to all the stakeholders as well as integration with strategic goals and project management. It helps business in articulating goals to concrete levels such that it can create massive value
Categories on the Balanced Scorecard
The balance scorecard forms a structured report which evaluates the performance of the organisation. ABC International can measure the performance based on key performance indicators (KPI) to
ing out their contribution to the strategy as well as attainment of the goal. Technically, these categories in the Balance Scorecard are based on below perspectives (Kaplan, R. S. and Norton, D. P., 1993).
Financial Perspectives - In this category, the objective of the company is to ensure that they earn good profits and return on the investments. Primarily, in this organization consistently generates revenue and organisation meets its target of profitability.
· Financial aspect deals with balancing the revenue and cost aspect of business such that productivity can be improved (Bower, J. L. and...
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