Assignment Content Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the...

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Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the organization, or to minimize a potential threat. What does the organization need to do to advance its goals and/or expand its competitive advantage? How will you measure their progress?

Use the Balanced Scorecard Template to:

  • Create at least 3 measurable project objectives for each quadrant of the scorecard based on your analysis.
  • Determine targets, timelines, and metrics for each objective.


Explain the following in 350-525 words on the Balanced Score Card Template:

  • Why these objectives are appropriate for the project.
  • Why these metrics and timelines are appropriate for your strategic plan.


Important: This requires more than a top-of-mind listing of objectives. Research is necessary to determine reasonable objectives based on industry standards or benchmarks.


Cite all sources following APA guidelines. You must use a minimum of 2 sources (1 may be the text readings) with at least 1 source being peer reviewed.
Answered 5 days AfterAug 06, 2022

Answer To: Assignment Content Now that you’ve identified the organization’s SWOT, you need to determine the...

Ayan answered on Aug 10 2022
16 Votes
Insert Title
BUS/475 v11
Balanced Scorecard Template
BUS/475 v11
Page 3 of 4
Balanced Scorecard Template
Usethe organization you chose in Week 1 as a resource for this assignment.(Tesla, Inc.)
Background
Strategic obje
ctives are a measure of attaining your vision and mission. They reflect the vision, mission, and values of the business, as well as the outcomes of the internal and external environmental analysis.
Scorecard Areas
Develop at least three strategic objectives for each of the four balanced scorecard areas.
    FinancialObjectives
    Measures
    Targets: Timeline/ Metrics
    Increase market share
    Total Revenue
    Increase 5% in first yea
    Increased global expansion.
    Add other nations in Asia and Europe
    Expand 25% in the first yea
    Increase production sales.
    More factories should be opened to create more automobiles.
    Increase 50% in the first yea
    Increase revenue.
    By obtaining batteries from China, you may reduce expenses.
    Cut costs by 40% to increase profit
    Customer Objectives
    Measures
    Targets: Timeline/ Metrics
    Increase customer value
    Increase profit contribution per custome
    Increase 5% in first yea
    Increase human interaction
    Instead of driving everyone to the app, provide customers the option to call customer care.
    Increase 10% in the first 2 years
    Certify Mechanics with Tesla
    Allow 3rd party mechanics to work on Tesla.
    Increase in education 25% in the next 3 years.
    Increase service centers
    Allow 3rd party mechanics to work on Tesla.
    Increase in opening more service centers by 40% in the next 2 years
    Internal Business
Process Objectives
    Measures
    Targets: Timeline/ Metrics
    Decrease lead times for new contract implementation
    Project implementation time frames
    Decrease time by 3% in first yea
    Increase product differentiation
    Develop a strategy to distinguish Tesla from other premium electric vehicle manufacturers.
    20% increase in employees working at service centers.
    Increase technological reliability
    Even though they are incredibly dependable vehicles, technology might still use some work.
    40% increase in employees and improvement within the next yea
    Improve
and image
    As consumers are being served, provide them with a luxurious...
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