Question

In: Accounting

Please see the below for a fictitious example of consideration of balanced scorecard performance measures. For...

Please see the below for a fictitious example of consideration of balanced scorecard performance measures.

For each measure, indicate whether it would most like be classified in the learning and growth, internal business process, customer, or financial category of the company's balance scorecard.

Item Description Learning & Growth Internal Business Process Customer Financial
1 Sales from new customers
2 Customer defection rate
3 Average fuel cost per sales dollar
4 Average number of workplace accidents per employee
5 Delivery cycle time
6 Average training hours per employee
7 Number of job applicants from under-represented groups
8 Percent of customers that strongly agree with the statement "Your employees treated me courteously."
9 Return on assets
10 Percent of customers that strongly agree with the statement "Your company has a superior commitment to product safety."
11 Number of modular product designs
12 Lost sales due to out-of-stock merchandise
13 Pounds of waste produced
14 Number of customer referrals
15 Residual income
16 Average mentorship hours per employee

Solutions

Expert Solution

Answer:

S.No Activity (KPI)
1 Sales from new customers Internal Business Process
2 Customer defection rate Customer
3 Average fuel cost per sales dollar Internal Business Process
4 Average number of workplace accidents per employee Learning & Growth
5 Delivery cycle time Internal Business Process
6 Average training hours per employee

Learning & Growth

7 Number of job applicants from under-represented groups

Learning & Growth

8 Percent of customers that strongly agree with the statement "Your employees treated me courteously." Customer
9 Return on assets Financial
10 Percent of customers that strongly agree with the statement "Your company has a superior commitment to product safety." Customer
11 Number of modular product designs Internal Business Process
12 Lost sales due to out-of-stock merchandise Internal Business Process
13 Pounds of waste produced Internal Business Process
14 Number of customer referrals Customer
15 Residual income Financial
16 Average mentorship hours per employee Learning & Growth

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