What is the balanced scorecard what according to kaplin and


1. Create a matrix diagram in which each row is a category of the Baldrige Award criteria and four columns correspond to a level of organizational maturity with respect to quality:

• Traditional management practices

• Growing awareness of the importance of quality

• Development of a solid quality management system

• Outstanding, world-class management practice

Briefly describe an organization with which you are familiar then rate that organization using the matrix you created above. Review your overall findings then, assuming you are the leader of this organization, explain what you would do as a result of this rating activity.

2. What is the Balanced Scorecard? What, according to Kaplin and Norton, are the four perspectives included in the scorecard? Describe each perspective and explain how they are "balanced". The textbook asserts that a good balanced scorecard contains both leading and lagging measures. Why, according to the text, is it good to have both in the balanced scorecard? Do you agree or disagree? Explain. Under what perspective of the balanced scorecard would you classify each of the following measurements? Are they leading or lagging measurements? Explain why?

Measurement/metric

Perspective
(from Kaplin &
Norton's four

perspectives)

Leading or
lagging?

On-time delivery to customers

 

 

Time to develop the next generation of products

 

 

Manufacturing yield

 

 

Engineering efficiency

 

 

Quarterly sales growth

 

 

Percent of products that equal 70% of sales

 

 

Cash flow

 

 

Number of customer partnerships

 

 

Increase in market share

 

 

Unit cost of products

 

 

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Management Theories: What is the balanced scorecard what according to kaplin and
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