How Helping Haitian Children (HHC) Can Use Balanced Score Strategy
Learning Objective
Busy managers often do not have the time or resources to monitor every decision of their decentralized employees. Rather, they rely on diagnostic systems whereby they monitor the outcomes of employee decisions relative to expectations. For the next several sessions, we will explore characteristics of the specific performance measures that managers could incorporate into their diagnostic system. In this session, we will discuss the Balanced Scorecard methodology that recommends the use of a package of performance measures that can help managers assess whether employees are appropriately implementing a strategy and whether the strategy is effective. In doing so, we will both understand and analyze the benefits and costs of nonfinancial relative to financial based performance measures.
Read Bloomfield Chapter 2 (section 2.1 only)
Read Can Management Accounting Help Aid Associations Make Tough Choices in Haiti?
Complete the assignment
Discuss how Helping Haitian Children (HHC) can use the balanced scorecard methodology to implement its strategy and achieve its mission. More specifically, what perspectives should HHC include in its balanced scorecard? For each perspective, what objective(s) should HHC seek to achieve?
Instructor
Course
Date
How Helping Haitian Children (HHC) Can Use Balanced Score Strategy
The Balanced Score Card (BSC) is a strategic planning and management system that organizations use to achieve a balanced view of performance. The methodology can be applied by Helping Haitian Children organization to communicate its objectives, initiatives, measure and monitor their targets, prioritize the projects and services, and align daily operations with their strategy.
The objective of HHC is to economically empower farmers and fight Severe Acute Malnutrition (SAM). They do so by buying peanuts from farmers, process and sell the Ready to Use Therapeutic Food (RUTF) to United Nations Children's Fund (UNICEF). The HHC assesses their measures by examining the quality of peanuts and the number of bags produced by local farmers. The HHC intends to buy 400 to 500 bags of peanuts as their annual target. The main initiative of HHC is to ensure UNICEF doesn’t import RUTF from foreign countries.
The HHC can use financial and customer perspectives of BSC. The locally produced peanuts face competition from the im...
👀 Other Visitors are Viewing These MLA Case Study Samples:
- Wells Fargo. Accounting, Finance, SPSS Case Study.1 page/≈275 words | MLA | Accounting, Finance, SPSS | Case Study |
- EBAYs Report as the GAAP EPS and the Non-GAAP EPS2 pages/≈550 words | No Sources | MLA | Accounting, Finance, SPSS | Case Study |
- Sunshine Center. Accounting, Finance, SPSS Case Study1 page/≈275 words | MLA | Accounting, Finance, SPSS | Case Study |
- Randcom case study (Accounting, Finance, SPSS Case Study)1 page/≈275 words | MLA | Accounting, Finance, SPSS | Case Study |
- Developing Relevant Cash Flows. Company’s Machine Renewal or Replacement Decision2 pages/≈550 words | No Sources | MLA | Accounting, Finance, SPSS | Case Study |
- Compagnie Du Froid Case (Accounting, Finance, SPSS Case Study)1 page/≈275 words | MLA | Accounting, Finance, SPSS | Case Study |
- Do You Believe These Incentives And The Hands-Off Management Approach Is A Good Structure Fo. . .1 page/≈275 words | MLA | Accounting, Finance, SPSS | Case Study |