7. 0. Balance Scorecard: A Case study on Thomson Reuter

Added on - 21 Sep 2019

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0Balance Scorecard:A Case study on ThomsonReutersStudent Name:Student Id:Tutor’s Name:Word Count:
1Executive SummaryA balanced scorecard is the strategic planning and management system by which thefollowing objectives of the organization are fulfilled:1. Prioritizing projects works, the process of delivery of products2. Measuring and monitoring the work process to accomplish the targets3. Aligning the day-to-day work strategyThe balanced scorecard is also used as the strategic control system in an organization.The study focusses on the implementation of balanced scorecard as a strategic tool for thecompany Thomson Reuters. A strategy map of the company is developed here. The lead andlag indicators pertaining to Thomson Reuters are discussed in this study.
2Table of ContentsExecutive Summary...................................................................................................................1Introduction................................................................................................................................3Implementation of Balanced Scorecard.....................................................................................3Long-term goals of Thomson Reuters....................................................................................3Groups of Stakeholders of Thomson Reuters........................................................................4Strategy map...........................................................................................................................4KPI and KPD or Lead and Lag indicators.............................................................................6Critical analysis as per the implementation of Balanced Scorecard in Thomson Reuters.....7Conclusion..................................................................................................................................8References..................................................................................................................................9
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