The Balance Scorecard to measure the performance of Dairy Farm International Ltd

Expert Solution

There are 4 major aspects of Balance Scorecard for a Dairy Farm International ltd.These include financial perspective.The dairy farm should always aim for a higher financial result and growth,aiming for a good profit margin thus improving the cash flow for thr farm.It could also reduce overhead expenses .For example- Better feeding grounds for cattle which will improve the quality of product thus will increase the profit margin.

Customers -It is important for the farm to increase the customer loyalty thereby increasing the customer satisfaction.Customer satisfaction can only be attain through retention of old customers and acquring of potential customer.Thereby it becomes important for the farm to ensure good quality services and product for the consumers.

Innovation-No company can survive without innovation in the current era.Hence it would become important for the dairy farm to bring about innovation with respect to machinery and the various processes.

Internal business process-The farm should always aim at improving the operational efficiency and minimize problems.The farm should always strive for converting business opportunity into success.

keosha answered 12 hours ago

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