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Other Fields Homework Help Accounting Topic started by: Rohit Sharma on Mar 29, 2021



Title: Balanced Scorecard
Post by: Rohit Sharma on Mar 29, 2021
Great Experience Theme Park Ltd. operates amusement parks similar to those such as Canada's Wonderland, Six Flags, Universal Studios, Disneyland etc.
Great Experience Theme Park's mission is to provide high quality family entertainment that exceed guests' expectations and will create lifelong memories. To achieve this goal, Great Experience Theme Park strives to provide safe, clean, friendly family environments at reasonable prices.
In addition to the amusement parks, the company operates a community outreach program. Through volunteerism, it offers educational and recreational programs (e.g. after school programs for children and teenagers, employment related training for adults) and special events at its facilities. 
The president of the company, Larry De Loop, has asked you to lead a team of employees in developing a balanced scorecard for its parks.
Develop the balanced scorecard for the company president, Larry De Loop. For each of the four main elements of the balanced scored recommend at least three metrics with a brief explanation of how these will assist employees and management to monitor/improve the performance of the firm.


Title: Re: Balanced Scorecard
Post by: veronee_madison on Mar 29, 2021
I will recommend the Financial Initiatives , Customer Initiatives and Learning and Growth Initiatives.

The First one that I will recommend was a Financial Initiatives in this metrics it will help employees and the management to reduce waste and focus more on the profitable component of the firm specifically monitoring the inventory. the Second one is Customer Indicatives, customer's satisfaction is what the firms  want to acquire. Doing business is all about how you provide in managing the customers expectation through your services provided. In this Metrics also, the firm were be able to Improve a better customer Experience. The last one is Learning and Growth Initiatives  employees are the greatest assets of a firm it is very important to expand the mentoring program of each employees. Collaborative effort between the Employees and the Company is the key in the Firms Success. it is very important to value these three metrics Financial, customer and Learning and Growth for the betterment of the performance of the firm.

Please tell me if this answer helps :)