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week 2- discussion-Management Strategy and Policy

week 2- discussion-Management Strategy and Policy

Q What are your general thoughts about the balanced scorecard reporting mechanism? Is it a viable reporting tool? Would you expand it beyond four categories? Explain. What are your thoughts about The Golden Circle? Is it an appropriate concept for establishing a vision for an organization? How does it help with employee recruitment and retainment? Explain.

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It can be said that a balanced scorecard can be used for the overall evaluation of the employees on metrics. Most of the financial information is based on the past results and also there are some quantitative data which helps in evaluating the current results. It can also be said that balanced score cards can have some advantages within the organization. It includes 4 categories which the information regarding finances and accounts, customer and marketing, internal and environmental and also learning and growth and human resources.