a). There are four perspectives of balanced scorecard. It is very important for the organizations to collect and analyze data pertaining to each metrics. The examples pertaining to each perspective of balanced scorecard are as follows: -
Learning and growth perspective
This perspective states that the management should look for ways by which the knowledge of employees in the organization can be grown. Few of the examples of learning and growth perspective are as follows: -
1. If there is a change in technology then the employees will have to be trained so that they can work as the change that is implemented in the organization.
2. Few of the employees in the organization may have the potential to grow as managers but they may be lacking in leadership skills so the management will have identify and train such employees.
The business process perspective
The business process perspective allows the management to measure the areas wherein they need to improve and also the areas wherein they are already doing well. Few of the examples of this perspective are as follows: -1. Track the revenue that is generated by the company so that the management can be sure that they are generating profits.
c). Prevention cost would mean undertaking various activities so that the organization can safeguard itself from the loss which they may face in the future. For example, maintenance of machinery is undertaken at regular intervals so that the management can avoid excess cost of buying new machineries. Most of the manufacturing companies give training to the suppliers so that additional cost can be avoided.
Appraisal cost means the money that the management is investing in inspecting various things so that they can avoid unwanted cost. For example, inspection is undertaken frequently so that the management can be rest assured that all the processes are in sync with the defined process. Apart from that, when a process is completed, the management will have a separate testing team so that cost is considered as appraisal cost.
In spite of prevention and appraisal, the management will come across few costs which they cannot avoid. For example, over a period of time, some machinery will have to be scrapped. Similarly, there may be some or other rework so these things will lead to extra cost (Olve 1999).
Kaplan, R, 1996, The balanced scorecard: translating strategy into action, no. XI
Niven, P, 2008, Balanced scorecard diagnostics: maintaining maximum performance, ISBN 0471681237
Olve, N, 1999, Performance drivers: a practical guide to using the balanced scorecard, ISBN 9780471986232
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2016). Challenges In Manufacturing Company, Different Costs. Retrieved from https://myassignmenthelp.com/free-samples/challenges-in-manufacturing-company-different-costs.
"Challenges In Manufacturing Company, Different Costs." My Assignment Help, 2016, https://myassignmenthelp.com/free-samples/challenges-in-manufacturing-company-different-costs.
My Assignment Help (2016) Challenges In Manufacturing Company, Different Costs [Online]. Available from: https://myassignmenthelp.com/free-samples/challenges-in-manufacturing-company-different-costs
[Accessed 17 February 2020].
My Assignment Help. 'Challenges In Manufacturing Company, Different Costs' (My Assignment Help, 2016) <https://myassignmenthelp.com/free-samples/challenges-in-manufacturing-company-different-costs> accessed 17 February 2020.
My Assignment Help. Challenges In Manufacturing Company, Different Costs [Internet]. My Assignment Help. 2016 [cited 17 February 2020]. Available from: https://myassignmenthelp.com/free-samples/challenges-in-manufacturing-company-different-costs.
MyAssignmenthelp.com has assembled a team of extraordinarily talented and knowledgeable PhD qualified online dissertation experts to provide students required dissertation writing help in Canberra, Adelaide, Perth, Melbourne, Sydney and other parts of Australia. Students can buy dissertation online from us with three simple steps. Auditing dissertation help, history dissertation help, geography dissertation help, maths dissertation help are few popular services under our dissertation writing assistance.
Answer: Introduction One of the major problems that the parents of the present times face is regarding the manner in which they should provide the right kind of knowledge or information to their children about sexuality (Corona et al., 2016). The right of sexuality knowledge can help the children as well as the teenagers in a significant manner whereas inadequate knowledge about the same can scar or alter the course of the life of these...Read More
Answer: Crisis Communication And The Development Of Communication Strategies Introduction: An important tool that determines the quality of survival of any business or an organization is its reputation in the market. Reputation directs to the confidence and trust that customers develop with the connotation of each business that they associate themselves with. This has a profound and direct effect on the bottom line of the company (Utz, Schul...Read More
Answer: Introduction. There is no gap between a generation and another since generations are continuous. What matters is age between a particular group of people, who tent to live in the same period and experienced some social, physical occurrences in the society. A new generation is believed to start after twenty years. This paper illustrates the differences between my generation which lies in the age bracket of twenty to thirty years and th...Read More
Answer: Part One. In the news article ‘Media Frenzy as David Goodall Commits Assisted Suicide’ I feel that the author is opposed to assisted suicide this is based on the following reasons: The author believes assisted suicide helps in boosting suicide among human beings, be it assisted or conducted by a person on his own. Secondly, the author is against assisted suicide given that it is against World Health Association guidelines ...Read More
Answer: Assessment 1 Part A Question 1 The project scope defines the overall working which has to conducted in the framework of the project. It defines the overall working which can be performed within the working of the project to guide the project to the factor of success (Marchewka 2014). Some of the crucial aspects which are defined in the scope is the timeline and the budget of the project. Question 2 Project stakeholders can be cons...Read More
Just share your requirements and get customized solutions on time.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
it was amazing work. i got really good marks and thanks for the help. I\'ll be in touch for my further assignments too
Work was of high quality. A review of the new APA 7 is needed, but other than that, sources were clearly defined/cited, content was well structured and thought out, and the writer was able to complete in about 48 hours. Probably one of the best pap...
Thank you for helping me out with my assignment. Hopefully i will get good marks in it
Thank you excellent work! Tutor was attentive and always ready to assist if I needed additional help.