You, Mike, and Tiffany meet in a conference room to begin to assemble your final
ID: 413283 • Letter: Y
Question
You, Mike, and Tiffany meet in a conference room to begin to assemble your final presentation.
This presentation will be the project deliverable, so you want to make sure you have provided all of the requirements.
Mike begins, “I think we’ve done some pretty good analysis on our strategy. We just have to put the pieces together before the final presentation.”
“We do have some solid information, but we have to look at all the parts to see if we can remain competitive,” Tiffany adds.
Complete the following:
A balanced scorecard is used to align the business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. Based on your analysis of the company’s four perspectives in IP3, develop a complete balanced scorecard that helps put the pieces together for your final presentation. Once completed, answer the following questions.
What are the considerations that you need to be aware of to remain competitive?
Based on the research and analysis that you have done, can you compete in the market that you have chosen? Why or why not?
What primary factors led you to this decision?
What would you say to someone who would dispute your position?
How do you plan on evaluating the global marketplace in the future?
Explanation / Answer
Scorecard
Customer Perspective
Goals
Measures
New Products-
On time Supply-
Preferred supplier-
Sales percentage
Timely delivery
Choosing effective supplier
Innovation and Learning Perspective
Goals
Measures
Technology leadership-
Manufacturing learning-
Marketing-
Developing generation
Training and skill development
New introduction to product
Financial Perspective
Goals
Measures
Survive-
Success-
Prosper-
Expense and cash flow
Increase in growth rate
Increase in market share
Q1.
The consideration to remain in competition is to do the detailed analysis of the market process and the research for getting the best outcome by implementing the strategies. The strategies are required to be fixed by considering the customer demand in the market.
Q2.
Yes, it is possible to compete in the market. The marketing is the one way which can be done in a proper way and the techniques are necessary to be formulated as per the trend. The market needs an everyday research which is necessary to be structured in the organization as per the customer needs and also their likes and dislikes that matters a lot in ruling in the competitive market.
Q3.
The primary factors are the goal and fulfilling of the achievements in the company which leads to taking such an effective decisions for the organization to keep away the uncertainties and accepts only the certainties based on the proven marketing analysis and strategies.
Q4.
If someone disputes the position, it will be welcomed with a positive attitude and will be judged for the benefits or loss for the organization. Further implementations will be made to make any new changes and the dispute will be fixed at earliest.
Q5.
To evaluate the global marketplace it is necessary to check the organization's financial capability to sustain a new set up for the expansion process. To set up a business in a global country requires a huge sum of money marketing and other resources. If the company is capable enough to launch its marketplace globally then it is required to have the proper knowledge of the budget so that the no loss in revenue takes place and organization earns maximum profit.
Goals
Measures
New Products-
On time Supply-
Preferred supplier-
Sales percentage
Timely delivery
Choosing effective supplier
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