Balanced scorecard, “definition” Essay Example for Free

Balanced scorecard, â€Å"definition† Essay What is scorecard, how can we define scorecard, is it possible to provide a total comprehensive meaning? Scorecard is not a one word definition system, so in order to do justice to the question, what is scorecard, it is necessary to take a comprehensive approach to that question. â€Å"If you can measure it you can manage† that is the guiding concept behind the BSC management philosophy. The balanced scorecard system was designed by Kaplan and Norton in the 1990s with the objective of giving managers the tool to look into the long term prospect of their organizations with some measure of  reliability. So the BSC is both a management and a measurement tool that when fully and accurately implemented will enable businesses to develop their own vision, and their own strategy, and then translate those business elements into business actions. It is a system that can give businesses an authentic feedback about their internal and external results. And that in turn would enable them to develop a genuine strategy. Since a company with superior strategy and a way of measuring the results of its performance functions do better than companies that do not posses similar tool. (Kaplan Norton 1996). With BSC managers are able to a maintain a clear insight into the operations and management of all business units. It gives the manager the picture that he needs to see how the business is performing when it is compared against the plans, and stated objectives of the business. If a discrepancy is observed between the goals and the actual results, BSC enables practitioners to delve in and correct the noticed discrepancy. And when corrections are made effectively, the business would then redirect the necessary efforts and resources back to the expected reports. It has been  abundantly documented that companies that use BSC have a highly accurate and generally dependable view of their entire operations and its performance. BSC does not simply employ financial metrics in its measurements, but it uses customer satisfaction, technical and intellectual innovations, market share and market competition to garner better more reflective and more comprehensive results of company operations and performance. And there are very little doubts that this system is effective for those companies that have designed and executed the system. (Nevin 2003). A comprehensive  survey/questionnaire conducted by CIO. Com, Balancedscorecard. org, and Microsoft. com revealed that companies that employ BSC â€Å"have improved their financial and future position in the market place†. (Studentweb. tulane. edu). A study by Nevin 2003 indicates that about 50% of fortune 1000 corporations now have employed some form of BSC management performance metrics. (Nevin 2003). That alone means that all of these companies have used the BSC system to position themselves on a better financial and management future. With BSC organizations are able to articulate a comprehensive  strategy towards desired performance, and implementation success. On the whole the BSC system employs tree main systems in order to accomplish its objectives. It uses the measurement system, the strategic management system, and the communication tool. (Nevin 2003). These three factors present only as translation tool to the entire strategy of the BSC business system. The measurement system of BSC uses the â€Å"lead indicators† to forecast future business environment. It reveals the strategy via long term management that focuses on customer satisfaction, innovation and recognition of potential market competitors. It seeks out innovation for the benefit of superior products. It deploys essential resources in order to capture customers that it would retain for the long run. It looks for realistic ways to retain its customers. And it combines all of those factors for both effectiveness and efficiency. It is the measurement aspect of BSC that fully engages the four perspectives, so these perspectives will be discussed here in a little more detail. The four perspective as have been mentioned on this discourse include the customer perspective, the internal process perspective, and the learning and growth perspectives.

Mass Media :: Violence Technology Papers

Mass Media Part I: The Problem. In the aftermath of the Columbine school shootings, parents were eager to find someone or something to take the blame for the tragedy. We as Americans are a culture that has to be able to control the outcome of our everyday lives. When something happens that catches us off guard, we get frightened and jump to conclusions. With no closure in sight from the columbine shootings, parents across the country wanted answers. Instead of evaluating their own parenting, people began to say that video games, movie and television were the problem. The idea was that by eliminating the violence on TV and that will stop kids from being violent. The news media, fearing for its ratings took this idea and ran with it doing in depth stories and all types of special reports. The goal of this newsletter is not to place blame on anyone, but to bring to the realization that the only way to help our youth is to not blame outside factors for behavior but approach the problem directly, in the home, face to face with the child. Columbine: The tragedy On a sunny spring day in April 1999, a suburban high school in Jefferson County, Colorado, found itself under attack by two of its own. In less than fifteen minutes of the first-lunch period on that Tuesday, two student gunmen killed 13 and wounded 21 before they turned the guns on themselves in the most devastating school shooting in U.S. history. Columbine High School is one of three in the unincorporated southeast portion of Jefferson County. The county itself lies on the west side of the Denver metropolitan area and is the most populated county in the state. The large unincorporated region along the county’s southern plains and foothills has a population of nearly 100,000 residents - 1,945 of who attended Columbine High School. The two student gunmen were Eric Harris and Dylan Klebold. Their plans for attacking the school, recovered by investigators after the tragedy had taken place, evolved over one year’s time. In those plans, Klebold and Harris outlined a mission to kill as many students and faculty as possible. They would set off destructive bombs inside the school and then shoot any survivors trying to run out. Bombs inside their cars would explode later, killing law enforcement, fire or medical personnel responding to the scene.

Friendships in “Of Mice and Men” Essay

Throughout life, one establishes friendships to better ensure their future. The novel Of Mice And Men, written by John Steinbeck, is about a group of traveling labor workers and the hardships that they overcome. The friendship between George, one of the main characters, and Lenny, a retarded man and of Candy, a crippled man, and his old dog, although different, they each share many of the same feelings toward each other. Also, by establishing these friendships, each partner is benefited and is given life motivation. However, all good things must come to an end, and when each partner is separated from their companion, their significant bonds are broken. Because of their established friendships, George, Lenny, Candy and his dog are able to live happy lives filled with joyous and exciting times. Throughout the book, many feelings are expressed between the relationship of George and Lenny and of Candy and his dog. Ever since they had lived together, George and Lenny loved and cared for each other every waiting day. Because [they] [had] each other, George and Lenny became more loving and compassionate, not just towards themselves, but also towards others (104). Unlike the other traveling workers who journeyed alone, George and Lenny were together, fighting off the hardships of The Great Depression with a loving relationship. This bond kept each others hearts pure and refrained them from turning bitter. Ever since Candys dog was a puppy, he and Candy had shared a trustworthy connection filled with loyalty for each other. In Candys younger years of life, when his partner was a good sheep dog, they had started a trusting relationship, which they carried out throughout the rest of their lives (24). Since Candy had his pup ever since it was born, Candy was its only master. Because canines are extremely loyal to their master, this loyal bond was able to flourish. Finally, because Lenny has been with George all his life, he feels a bond of trust between them and is completely loyal to George. During their early years, when George wasnt so kind to Lenny, he could have told Lenny to walk over a cliff and over hed go (40). Although George never did something this cruel, he did do some grueling things. He even got Lenny into fights. However, as time went on, he too became loyal and a trusting relationship grew. Even though these partners are very different, they still share many of the same feelings towards each other. In the relationship of George and Lenny and of Candy and his dog, each partner gains something and this is the motivation for the friendship. Because of Lennys mental state, as he travels with, and becomes friends with, George, he benefits by having a guardian to follow him around and keep him safe. Ever since they were young, Lenny just come along with George, and from that day forward he benefited from Georges safety (40). Lenny is retarded and his mind cannot process enough useful information to allow him to live a successful life, contributing to society. If George had not allowed Lenny to travel with him then Lenny would either end up homeless, in prison, or dead. In addition, because Candys dog is now useless, he benefits off Candy by receiving a guardian to protect him and guide him through the rest of his life. Although he had been an excellent canine in his day, because he aint no good to anyone now, his life would be futile if he did not have a guide for his remaining years. However, Candy did not care for him entirely out of kindness, he too benefits from their relationship. Because Candy is a cripple, he wants to feel like he is needed, and having someone that depends on him, allows Candy to live a joyous life. Although Lenny does not have much to give, George still benefits off their friendship by receiving a loyal companion to accompany him on his journeys. Because [they] travel together, George does not have to be burdened with the loneliness that could drive a man insane. George observes the other traveling labor workers become hard and lonely because they have nobody to converse with on their journeys. Although he benefits from their relationship, George pays dearly with his guardianship over Lenny. By establishing these relationships, each partner is benefited and given life motiv ation. Both the friendship of George and Lenny and of Candy and his dog lose their significant bonds when the partners are separated. Because Candy and his dog provide companionship for each other, when his dog dies Candy is left alone and unstable. Once his dog had been put up for the death sentence, Candy was left alone, pondering their wonderful memories together as he lied rigidly on his bed and stared at the ceiling (48). Candys purpose in life was now over, for he had no one that depended on him. Now the only thing that drove  him was the hope that Georges dream would come true, and that George, Lenny and he would get their own little plot of land. After George kills Lenny, although this was an act of kindness, George loses his purpose as a guardian. After he had pulled the trigger, George shivered and looked at the gun, for he knew that his guardianship was now over (106). George understood that it was his responsibility to kill Lenny. Although this act of kindness will burden him for the rest of his life, George still did the honorable thing. When Lenny died, George loses his dream of having a place of their own. By now, the dream had spread to more than just George and Lenny and when Lenny and their little place die away George becomes miserable and hurt (94). The time that followed this tragedy was the first time of Georges adult life with out Lenny. Also, up till now Georges purpose in life was to care for, and keep Lenny safe. With Lenny dead, George feels that his life had no purpose, for he could not keep Lenny from dangers grasp. When each friendship becomes separated, the still living partner feels no more purpose for life. Because of their established friendships, George, Lenny, Candy and his dog are able to live happy, joy filled lives as they overcome the hardships of The Great Depression. Although their significant bonds are broken when the partners are separated, when they are together, the partners benefit and share many feelings towards each other. Some say opposites attract, and buy using this scientific law to create friendships with different people; our society would be a friendlier and overall better place. Of Mice and Men by John Steinbeck New York : Covici-Friede, 1937

The Future Of Fossil Fuels - 1659 Words

Introduction In today’s society fossil fuels are becoming increasingly depended on even although they are limited. As decades have passed, the amount of fossil fuels consumed has increased per annum along with the population and our every growing need for energy. The planets reserve of fossil fuels is diminishing at a much faster rate than they are able to replenish themselves. This is why scientists have begun researching a more sustainable fuel source. Any fuel will have its benefits and its downsides but the rapid use of fossil fuels means it is vital to continue this research and develop a sustainable cost-efficient renewable fuel. In specific, scientist have been researching biofuels, renewable fuels that are yielded from living matter such as corn, sugar cane algae. Biofuel manufacture has been given more and more attention in previous years and some scientists are making substantial progress. 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In this day and age, fossil fuels are a necessity to continue our day to day activity; without them we would eliminate a vast quantity of items that simplify tasks in everyday life. Although newer, more sustainable sources of generating power becomeRead MoreFossil Fuels Are Non Renewable902 Words   |  4 PagesFossil fuels were formed 300 millions of years ago before the time of dinosaurs (Energy Quest, 2012). Prehistoric plants and animals formed the fossil fuels millions of years ago (U.S. Department of Energy, 2013). There are three main fossil fuels that we use oil, coal, and natural gas (Energy Quest, 2012). Fossil fuels are non renewable because they take many millions of years to make (Energy Quest, 2012). Also, once the fossil fuels are made, they ca n never be made again. That is why manyRead MoreNew Energy for the Future1358 Words   |  6 PagesNew Energy for the Future For years man has relied on energy in order to be successful in life. 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