Balanced Scorecard Bus /475

Balanced Scorecard

Loretta Parks

BUS /475

September 8, 2011

University of Phoneinx

Balanced Scorecard

The balanced scorecard is a set of measures that are directly linked to the company’s strategy (Pearce, J. A. II, & Robinson, R. B. (2009). Ramna will need to develop a scorecard that will assist in meeting and help define the business values, mission, vision and SWOTT analysis. Balance scorecard if made up of four point of view; financial, customer, learning and growth, and internal processes. In the paper hope to show how the viewpoint relate to Ramna Electrical Company.

Financial

The goal is to defined in financial perspective was to answer the question “To succeed, how we appear to our shareholder” Ramna Electrical Company is a new business in the area of handcuffs and shackles. Our objective is to increase market share and achieve financial sustainability and to get their by” Increased shareholder value—in the form of an upward-trending stock price and annual dividend increases (Thompson, A. A., Gamble, J. E., & Strickland, A. J. 2006). ” To get there one must measures the operating costs and capital for without the ample financial strength a business quest on strategic vision or long-term health can and will be jeopardized.

Customer

Another main goal is how our vision should appear to our customers. Ramna Electrical Company. Being new in this business and bringing a new product for the law enforcement community is a big project. Our customer vales would be in delivering top of line electrical magnets. Starting with open house training for all of those who see safely and security as most important for the police or correction officer. Having open house for all to come and see just what this product can do.