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Balanced scorecard development of a strategic business unit / Zene BrunetteBrunette, Zene January 2010 (has links)
Research confirms that strategic planning is essential for the improvement of business performance
in both small and large organisations. Organisations around the globe all follow similar tactics,
namely to attempt to execute a strategy to differentiate themselves from their competitors. A popular
instrument used to support the strategic–management process in organisations is the Balanced
Scorecard (BSC).
The BSC is a popular performance–management framework strongly associated with managing the
implementation of strategic plans. There is a difference between known performance–management
programmes and the BSC. The BSC is a full, multi–perspective approach to achieving long–term,
sustained growth, viewed more as a strategy–formation system than a pure measurement system.
Constructing the first BSC of a Strategic Business Unit (SBU) is accomplished by a systematic
process that builds consensus and clarity about how to translate the mission and strategy of the SBU
into performance objectives, measures, targets and initiatives in four balanced perspectives:
Financial, Customer, Internal Processes, and Employee Learning and Growth. The aim of the
scorecard building and implementation process is to cascade strategy down to the operational level
where real value is added. This process is also called "strategic alignment".
The arguments presented in this dissertation are based on a combination of general literature
research on performance management, the BSC and the development, strategic implementation and
management of the BSC. The selection process of an SBU, and the rationale for the choosing to
construct a BSC as a performance–measurement tool has been addressed. The dissertation further
addressed the objectives and principles governing the BSC for the specific, chosen SBU.
The development of the BSC comprises of ten steps, from the assignment of the scorecard champion
or architect to the senior executive management meeting. Information gained from research done on
the South African company under review, GP Retail Operations (Pty) Ltd, and more specifically the
SBU of the Ackermans Distribution Centre in Durban together with the literature research have been
used to develop the BSC within the specific SBU of the organisation. The BSC was tailor made for
the specific requirements of the specific SBU in GP Retail Operations (Pty) Ltd. The results of the study on the SBU, Ackermans DC, have been summarised in the performancerecord
sheet and an audit sheet derived from the literature overview and applied practical in–house
research. The record sheet was created for each perspective of the BSC.
The development of the BSC involved several challenges in embedding the information systems and
the culture that helped receive, process, and analyse information for the creation of the performancerecord
sheet and audit sheet. A BSC requires time and effort to "get it right" and commitment to
implement it. / Thesis (M.B.A.)--North-West University, Potchefstroom Campus, 2011.
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Balanced scorecard development of a strategic business unit / Zene BrunetteBrunette, Zene January 2010 (has links)
Research confirms that strategic planning is essential for the improvement of business performance
in both small and large organisations. Organisations around the globe all follow similar tactics,
namely to attempt to execute a strategy to differentiate themselves from their competitors. A popular
instrument used to support the strategic–management process in organisations is the Balanced
Scorecard (BSC).
The BSC is a popular performance–management framework strongly associated with managing the
implementation of strategic plans. There is a difference between known performance–management
programmes and the BSC. The BSC is a full, multi–perspective approach to achieving long–term,
sustained growth, viewed more as a strategy–formation system than a pure measurement system.
Constructing the first BSC of a Strategic Business Unit (SBU) is accomplished by a systematic
process that builds consensus and clarity about how to translate the mission and strategy of the SBU
into performance objectives, measures, targets and initiatives in four balanced perspectives:
Financial, Customer, Internal Processes, and Employee Learning and Growth. The aim of the
scorecard building and implementation process is to cascade strategy down to the operational level
where real value is added. This process is also called "strategic alignment".
The arguments presented in this dissertation are based on a combination of general literature
research on performance management, the BSC and the development, strategic implementation and
management of the BSC. The selection process of an SBU, and the rationale for the choosing to
construct a BSC as a performance–measurement tool has been addressed. The dissertation further
addressed the objectives and principles governing the BSC for the specific, chosen SBU.
The development of the BSC comprises of ten steps, from the assignment of the scorecard champion
or architect to the senior executive management meeting. Information gained from research done on
the South African company under review, GP Retail Operations (Pty) Ltd, and more specifically the
SBU of the Ackermans Distribution Centre in Durban together with the literature research have been
used to develop the BSC within the specific SBU of the organisation. The BSC was tailor made for
the specific requirements of the specific SBU in GP Retail Operations (Pty) Ltd. The results of the study on the SBU, Ackermans DC, have been summarised in the performancerecord
sheet and an audit sheet derived from the literature overview and applied practical in–house
research. The record sheet was created for each perspective of the BSC.
The development of the BSC involved several challenges in embedding the information systems and
the culture that helped receive, process, and analyse information for the creation of the performancerecord
sheet and audit sheet. A BSC requires time and effort to "get it right" and commitment to
implement it. / Thesis (M.B.A.)--North-West University, Potchefstroom Campus, 2011.
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The effect of the financial crisis on credit scoring in the retail credit market in South Africa / van der Walt, J.Van der Walt, Andries Jacobus January 2011 (has links)
This study follows a three–pronged approach to investigate the effects of the global financial crisis on the South African retail credit market (using Woolworths as subject). These three prongs, or areas, include a literature study, step–by–step credit scoring guide and an application of this guide in an empirical study. To achieve this goal, credit scoring was selected as the quantitative tool to illustrate these effects. Two different periods were chosen to supply a snapshot of the retail credit industry, namely the retail credit situation before and during the global financial crisis.
To correctly define and understand the mechanics affecting South Africa's retail credit industry, a literature review was conducted to investigate the global financial crisis, the South African retail credit market and credit scoring itself. The literature investigation explains the global financial crisis and identifies some of the primary drivers behind it. These drivers included the US housing bubble, the introduction of subprime loans and the securitisation of these loans (mortgage backed securities). The study found that these drivers, especially the securitisation of subprime loans, were the vehicle used to enable the crisis to spread globally.
The ultimate goal of the study was to provide the individual, and companies, with an understanding of the global financial crisis' effects on the consumer specifically through their credit worthiness and retail credit behaviour. Through the use of credit scoring, the study found that at least one retailer (Woolworths) in the retail industry was affected. Woolworths placed a stronger emphasis on reducing their credit exposure whilst consumers were steadily increasing their facility utilisation. / Thesis (M.Com. (Risk management))--North-West University, Potchefstroom Campus, 2012.
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The effect of the financial crisis on credit scoring in the retail credit market in South Africa / van der Walt, J.Van der Walt, Andries Jacobus January 2011 (has links)
This study follows a three–pronged approach to investigate the effects of the global financial crisis on the South African retail credit market (using Woolworths as subject). These three prongs, or areas, include a literature study, step–by–step credit scoring guide and an application of this guide in an empirical study. To achieve this goal, credit scoring was selected as the quantitative tool to illustrate these effects. Two different periods were chosen to supply a snapshot of the retail credit industry, namely the retail credit situation before and during the global financial crisis.
To correctly define and understand the mechanics affecting South Africa's retail credit industry, a literature review was conducted to investigate the global financial crisis, the South African retail credit market and credit scoring itself. The literature investigation explains the global financial crisis and identifies some of the primary drivers behind it. These drivers included the US housing bubble, the introduction of subprime loans and the securitisation of these loans (mortgage backed securities). The study found that these drivers, especially the securitisation of subprime loans, were the vehicle used to enable the crisis to spread globally.
The ultimate goal of the study was to provide the individual, and companies, with an understanding of the global financial crisis' effects on the consumer specifically through their credit worthiness and retail credit behaviour. Through the use of credit scoring, the study found that at least one retailer (Woolworths) in the retail industry was affected. Woolworths placed a stronger emphasis on reducing their credit exposure whilst consumers were steadily increasing their facility utilisation. / Thesis (M.Com. (Risk management))--North-West University, Potchefstroom Campus, 2012.
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