Balance Score Cards Research Paper Example | Topics and Well Written Essays - 1250 words

Balance Score Cards - Research Paper Example However, before certain innovative measures to assess performance were in vogue, there were some prevalent and commonly used performance measures. With advancement of knowledge in this area, it was evident that the prevalent measures of performance can lead to false and poor inferences due to loss of variance of the data that represent performance. With repeated use of certain quantitative measures or indicators that might measure performance, over time, they tend to fail to discriminate between bad and good performance. A change toward betterment often happens when people learn to deliver what is measured, and even when performance is sought but measured imperfectly would lead to deficient delivery (Kaplan and Norton 1996). In this assignment the four measures of the balanced score card approach in performance management and change agency will be discussed in detail. The balanced score card is a tool for the managers who desire to achieve competitive success in a future time. In the present context of complex organizational environments, this approach provides a strategy to attain goals following a complete understanding of these goals from different perspectives. In order to that this method delineates a comprehensive state of performance measures within the framework of the existing management system in line with the organizational strategy, mission, and stakes. This framework may this also provide a framework of strategic measurement, while also retains an emphasis on accomplishment of financial objectives of the firm. However, this also introduces the dimensions of measurement of performance drivers necessary to achieve the financial objectives. As indicated by Kaplan and Norton (2004), the strategy maps thus describe how an organization may create value by linking strategic objectives in explicit cause and effect relationships. They propose d four balanced score card objectives, namely, financial, customer, business process, and learning and growth. The ingenuity of this model lies in the fact that this not only formulates the strategy, it also incorporates a method to measure the achievement of the targets (Kaplan and Norton 2004). It has been stated that processes hold the central area of the balanced score card approach, since only processes can define the targets of the organization. Organizational processes are viewed in this approach to be central enablers for planning, acting, measuring, and evaluating work, and thus they provide some parameters to examine whether organizational targets are achieved or not. Financial Perspectives The balanced score card tends to replace the traditional financial only approach to business. Historically, the cost financial accounting model cannot build long-range competitive capabilities of an organization. The balanced score card approach, although synthesizes into a novel process oriented measurement system; it does not discard the traditional financial system of business. Current business is futuristic in the sense that there is a

Phase 1 Individual Project Essay Example | Topics and Well Written Essays - 750 words

Phase 1 Individual Project - Essay Example On further appeal, the United States Supreme Court held the decision of the court of appeal and observed that an exculpatory evidence interrupts the due process of the law where the evidence in question can provide substantial ground to rule on the guilt or punishment of an offender (Batten, 2011). From this case, exculpatory evidence is evidence that can prove the innocence of a defendant. This evidence can include physical evidences that challenge the prosecution witnesses or statement of witnesses that can prove the innocence or affect the punishment of the defendant. They can include evidence that gives the prosecution an opportunity to challenge the credibility of a prosecution witness such as an act of dishonesty by a witness in matters pertaining to the administration of justice in the particular case. From the case, it is evident that the prosecution has a duty to disclose all evidence it has in its possession to the defendant and it has no obligation to search for exculpatory evidence. The United States Supreme concurs with this statement and argues that by following this process, the prosecutor follows the constitution and fulfills his/her duties of seeking justice. However, Justice Harlan gave a dissenting opinion arguing that the due process of administration of justice should follow into the guilt phase because it was the responsibility of the jury to decide whether the defendant is guilty and administer punishment in the State of Maryland on issues pertaining to first degree murder. The rationale of the decision by the supreme court concerning this issue was on the fact that it is unfair to mistreat the accused in the promise of administering justice and this is for the benefit of the society, and therefore it is unacceptable for a prosecutor to act as an architect of a proceeding that fails to uphold fair administration of justice (Cushman, 1994). In the case of