Strategic Management Accounting
Assessment task Case study
Length and/or format: Approximately 1,500 words.
Refer to the website of Philips:
https://www.results.philips.com/publications/ar16#/
Write a report addressing the following questions:
1. Outline the long-term goals of the Philips and define the groups of stakeholders or clients for Philips.
2. Choose suitable perspectives that could be used as part of a balanced scorecard and develop specific objectives for each perspective.
3. Develop a strategy map to show the relationships between the different objectives.
4. Indicate KPI's and KPD's (lead and lag indicators)
5. Based on the academic/professional literature, provide a critical analysis of the issues concerning the implementation of the balanced scorecard.