The extra credit assignment requires you to create a Balanced Scorecard for a company or organization of your choice. Preparing the Balanced Scorecard will require you to research and think critically about the company, so I recommend you choose one that you are interested in. To earn extra credit, you will need to submit a paper that is at least 1,000 words in length and a completed Balance Scorecard template.
The paper should address: - Purpose and goals of the Balanced Scorecard - Overview of the company you have chosen and its mission - At least one Objective for each of the Balanced Scorecard Perspectives. Please describe the Objective and why you chose it (why it is meaningful for the company) The original Balanced Scorecard had 4 Perspectives, enhanced versions typically have a 5th. The Perspectives are: o Financial o Customer o Internal Business Process o Learning & Growth o Sustainability - For each Objective, chose at least 2 Measures and describe why you chose them. The measures are items that are quantifiable to ensure the company is making progress towards meeting their Objectives.
The Balanced Scorecard template summarizes the Mission, Objectives and Measures on one page. I have posted an Excel template to D2L that you can use.
Chapter 10 in the textbook provides an overview of the Balanced Scorecard. Additional information about it can be found on the internet. A couple a sample internet sites are:
https://balancedscorecards.com/balanced-scorecard/#learn-overview https://www.intrafocus.com/2016/06/balanced-scorecard-example/ https://www.smartsheet.com/balanced-scorecard-examples-and-templates
Successful completion of the assignment will be worth an additional 3% to your course grade. For example, if your overall course grade is 77%, successful completion of the extra credit would increase the course grade to 80%.
The assignment (paper and completed scorecard template) should be submitted via D2L