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- Which of the following does not describe Balanced Scorecard? Transforms strategic planning from an academic exercise into the nerve center of an enterprise. A type of compensation or payment made to employees within a company based on their performance and the achievement of specific goal. Provides framework that helps planners identify what should be done and measured. It is a strategic planning and management system that is used extensively in business industry, government, and nonprofits organizationThree phases of the management process are planning, controlling, and improving. Match the following descriptions to the proper phase:Phase of Management Process DescriptionPlanning a. Monitoring the operating results and comparing the actual results with expected resultsControlling b. Rejects solving problems with temporary solutions that fail to address the root cause of the problemImproving c. Used by management to develop the company’s objectiveWithin the process in the "monitoring" section, we consider the indicators (choose the correct answer): a. clearly insufficient b. superfluous and interpretable c. the best tool for decision making
- A decision table simplifies the process of matching conditions with actions by organizing the information in a tabular format. Explain?The comparing step in the control process determines . the variation between actual performance and the standard the variation between actual performance and an external benchmark from a noncompetitor a company's relative position in the industry in terms of performance variances a company's relative position in the industry in terms of the standards used Organizational is a measure of how appropriate organizational goals are and how well an organization is achieving those goals. efficiency B) productivity C) yield D) effectiveness A(n) organization is highly formalized and 33) organic B) complex C) mechanistic D) learning A(n) organization is highly adaptive, loose, and 34) customer- oriented B) mechanistic C) organic D) centralized Daniela and Navaro disagree on the best way to…The purpose of the balanced scorecard is best described as helping an organization: translate an organization’s mission and strategy into a set of performance measures that help to implement the strategy introduce innovative products and services desired by target customers mobilize employee skills for continuous improvements in processing capabilities, quality and response times develop customer relations
- When performing sales mix analysis , which one of the following is false : a. Producing and selling more units of the product with a higher contribution margin would likely decrease the breakeven point b. Making changes to the sales mix will likely cause a change in the breakeven point c. The sales mix is usually assumed to be remain the same . d. Shifting the sales mix to the product with a lower contribution margin will likely ncrease the overall contribution margin e. Normally the calculation of the breakeven point for multiproduct is more complicated than that for a single productone of the major corporate level strategies is benefits :Select one True False1. How can internal auditors use histograms during internal audits? 2. How can management use control charts as part of their ongoing monitoring activities? 3. How can the 5S model be used during an operational audit? 4. How is transporting a waste? Provide an example to support your answer. 5. Describe the impact of defects on organizational success from an internal and external (e.g., competitive) perspective.
- Your MD called you in his office today and said that, “I have observed that most of the performance appraisers are not doing justice to their role as appraisers. Mostly, they are committing following errors: a) Halo Error. - b) Central Tendency Error. c) Spillover Error. MD wants you to write down a clear example for each error.The customer perspective of the balanced scorecard approach is the most traditional view of the company. evaluates the internal operating processes critical to the success of the organization. evaluates how well the company develops and retains its employees. evaluates how well the company is performing from the viewpoint of those people who buy its products and services.As part of their responsibilities, all managers get involved in planning, scheduling, and monitoring the design, development, production, and delivery of the organization's products and services. True € se
