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Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the organization, or to minimize a potential threat. What does the organization need to do to advance its goals and/or expand its competitive advantage? How will you measure their progress?

Use the Balanced Scorecard Template to:

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  • Create at least 3 measurable project objectives for each quadrant of the scorecard based on your analysis.
  • Determine targets, timelines, and metrics for each objective.

Explain the following in 350-525 words on the Balanced Score Card Template:

  • Why these objectives are appropriate for the project.
  • Why these metrics and timelines are appropriate for your strategic plan.

Note: Review the Strategic Management-8 Most Popular Cases in Connect. Access the case studies from the folder on the main course page in Blackboard.

BUS/475 v11

Balanced Scorecard Template

BUS/475 v11

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Balanced Scorecard Template

Use the organization you chose in Week 1 as a resource for this assignment.

Background

Strategic objectives are a measure of attaining your vision and mission. They reflect the vision, mission, and values of the business, as well as the outcomes of the internal and external environmental analysis.

Scorecard Areas

Develop at least three strategic objectives for each of the four balanced scorecard areas.

Financial ObjectivesMeasuresTargets: Timeline/ Metrics
Increase market shareTotal RevenueIncrease 5% in first year
Customer ObjectivesMeasuresTargets: Timeline/ Metrics
Increase customer valueIncrease profit contribution per customerIncrease 5% in first year
Internal BusinessProcess ObjectivesMeasuresTargets: Timeline/ Metrics
Decrease lead times for new contract implementationProject implementation time framesDecrease time by 3% in first year
Learning and Growth ObjectivesMeasuresTargets: Timeline/ Metrics
Decrease employee turnoverFacilitate regular training and opportunities for developmentReduce by 4% in first year

Below, explain in 350-525 words:

· why these objectives are appropriate for the project.

· why these metrics and timelines are appropriate for your strategic plan.

Copyright 2020 by University of Phoenix. All rights reserved.

Copyright 2020 by University of Phoenix. All rights reserved.

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