Balance Score Card Approach Analysis

The assignment content discusses the balance score card approach analysis of Luxe Fashion Retail Limited, an Australian listed company. The report reflects on the four perspectives of learning and growth, process, customers, and financial to increase market share, productivity, and revenue. It also discusses the implementation of the balance Score card approach at the store level, linking LFR strategies with KPI, and internal prospective measures.

RUNNING Head: Balance score card approach analysis 1
Balance score card approach analysis

Balance score card approach analysis 2
Table of Contents
Task-1....................................................................................................................................................3
Balance score card approach of Luxe Fashion Retail Limited................................................................3
Development of KPI in balance score card of Luxe Fashion Retail Limited............................................4
Task-2....................................................................................................................................................7
Implementation of balance Score card approach at the store level......................................................7
Internal prospective measure and KPI...................................................................................................8
Linking LFR strategies with KPI..............................................................................................................8
References...........................................................................................................................................10

Balance score card approach analysis 3
Task-1
This report reflects the case study on Luxe Fashion Retail Limited. It is an Australian
listed company which has been running its business since very long time. It has vision to
become leading retailers of luxury goods in Australia and New Zealand (Rabbani, et al.
2014).
Balance score card approach of Luxe Fashion Retail
Limited
Learning and growth perspective Luxe Fashion Retail Limited wants to
increase its overall market share in domestic
and international level. This could be done
by entering into strategic alliance with other
organizations. Strategic alliance includes
such as merger, Amalgamation, acquisitions
strategies by Luxe Fashion Retail Limited
with other target organization.
Process perspective It is evaluated that Luxe Fashion Retail
Limited has been planning to customize its
products and services. However, with a
view to increase the overall productivity
company should plan to install cyber
computing enterprises resources planning
method. This will increase the overall

Balance score card approach analysis 4
effectiveness of organization.
Customers perspective Company has international market share. In
order to satisfy their needs and demand,
company has planned to customize its
products and services as per the client’s
needs and demand.
Financial perspective With a view to increase the overall turnover
and profit of company, company needs to
hire more 50 employees to strengthen its
quality of products and productivity as well.
If company could use ERP system in its
value chain activities then it will surely
increase its overall productions by 30% and
profit by 5%.
Development of KPI in balance score card of Luxe
Fashion Retail Limited
Particular KPI Comment Objective Comment
Learning and
growth
It is related to
setting target
It will
increase the
Increase the
market share.
It will help
Luxe

Balance score card approach analysis 5
perspective market share
(Sainaghi, Phillips
& Corti, 2013).
Adoption of new
ERP system and
cyber computing
frameworks.
Creating unique
value chain
activities.
overall
revenue by
20% and
adoption of
new process
to create
core
competency.
Creating core
competency
in process
working.
Fashion
Retail
Limited to
increase the
effectiveness
of its
business.
Process
perspective
Reducing overall
cost of capital.
Creating core
competency in
Retail business
sectors (Rabbani,
et, al. (2014).
Exceling in the
process level
which result to
higher level of
client’s
It will help
in easy
down all the
value
process of
all the stores
of Luxe
Fashion
Retail
Limited.
Establish
automaton
in process
Setting all the
stores to
create value
on the
investment
This could
be done with
the help of
using
experienced
staffs and
new
technologies.

Balance score card approach analysis 6
satisfaction. system.
Customers
perspective
Entering into
strategic alliance
with other
organization.
Integration of its
value chain
activities.
Establish
automation in its
value chain
activities.
It will result
to attracting
high level of
clients.
Customizatio
n of products
and services
offered by
Luxe Fashion
Retail Limited
It will be
done by re-
engineering
its value
chain
activities.
Financial
perspective
Increment in the
overall turnover
and market share
of company.
Setting new
standards for the
earning per share
and dividend yield
Increment in
overall sales
by 20% and
profit by 5
%.
Increase the
overall
turnover by
inversing the
productivity
Increased
level of
quality of
goods and
services
offered in all
the stores of
Luxe
Fashion

Balance score card approach analysis 7
to shareholders.
Reducing overall
expenses and cost
by implementing
ERP system.
Retail
Limited.
Task-2
Implementation of balance Score card approach at the
store level.
If these all the four perspective is followed then all these stores will reflect high
amount of earning and increased turnover. ERP system adopted will strengthen the reporting

Balance score card approach analysis 8
framework and communication channel in all of these 8 stores. In addition to this, increment
in overall turnover will provide higher cash inflow in business (Keyes, 2016).
Internal perspective at organization level has objective to provide Customization in
business process will also attract new clients in market. It is observed that each and every
client at particular place have different value, belief and culture. Therefore, it will create
cumbersome process to provide customization of products at organization level to stores level
(Bhattacharya, et al. 2014).
Internal prospective measure and KPI
Internal prospective measure KPI
It will establish customization of products
and services at store level.
Changing Internal value system at all the
store level.
Installing ERP system It will create effective communication
between all the stores and department.
Linking LFR strategies with KPI
Internal process perspective
KPI Comments Links to LFR’s strategy
Customization of products
and services
It could be done by
installing cyber computing
It will set to the re-
engineering strategies of

Balance score card approach analysis 9
ERP system. LFR.
Increase in overall turnover
and market share
Company could increase its
overall market share and
productivity if it hire experts
and increase productivity.
Cyber computing ERP
system could help in
achieving set targets and
implement proper level of
strategic plans.