Balance Score Card Essay Example | Topics and Well Written Essays - 1750 words

Balance Score Card - Essay Example of the management in terms of implementation of the strategy balance scorecard is often used by the management to analyze whether the objectives have been properly implemented or not. Balanced score card is the most popular tool of performance management. Balanced scorecard helps the manager in keeping a track on the progress of the activities and matching them with the desired level. In this project the balance scorecard of the Coca-Cola Company has been made on the basis of the four different perspective and objectives of each perspective. Different types of metrics have also been used to let in building the balanced scorecard. Performance management is very important for every company. It enables the management to assess the performance of the company and also helps the company to analyze the loop holes or the room for improvement. It helps the management to identify the direction in which the organization is moving. It helps the organization to perform better by enabling the organization. The performance management is done on the basis of various tools of performance management system. The performance management system helps the organization to plan control and measure the performance of activities of the organization beforehand. The different performance management system used for performance management are balanced scorecard, activity based management, quality management, economic value added etc. among the various performance management system the most popular methods are balance scorecard, activity based management and economic value added. Activity based management is done by analyzing those activit ies which adds value to the organization. This is done on the basis of activity based costing. It mainly focuses on reducing the cost and increasing the value received by the customers. The economic value added method enables the organization to analyze the overall performance of the organization. In this method the financial measures are used to measure the