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Designing a Balanced Scorecard Framework for Sheffield Surgical Ltd (SSL)

   

Added on  2019-09-23

9 Pages2386 Words220 Views
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0Running Head: BALANCE SCORECARDBalance scorecard: A case study of SSL organizationName of the student:Name of the university:Author’s note:
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1BALANCE SCORECARDTable of ContentsIntroduction........................................................................................................................1Concept of balance scorecard...........................................................................................1How can balance scorecard be introduced in SSL?.........................................................2Benefits of introducing.......................................................................................................2Drawbacks of introducing..................................................................................................3Other aspects of balance relevant to SSL.........................................................................4Conclusion.........................................................................................................................5Reference..........................................................................................................................6
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2BALANCE SCORECARDIntroduction A small and medium sized enterprise known as Sheffield Surgical Ltd who aredealing in manufacturing of surgical instruments. Sheffield Surgical Ltd started tomanufacture this kind of high quality stainless steel surgical instruments from the year1967. Sheffield Surgical Ltd initially started to manufacture surgical instruments for theNational Health Service for the people of United Kingdom. However, Sheffield SurgicalLtd expanded their business after moving their business idea into high quality stainlessdental and veterinary surgical instruments. In the last ten years having a high reputationfor manufacturing of tremendous quality of surgical instruments the company hasexpanded into the modern operating environment of supplying high quality of stainlesssteel surgical instruments. They have emerged as a global supplier within the last tenyears of their operation. But, the last two years, the company has stagnant sales whilethe operating costs are increasing day by day. In this study, it will enable the readerabout the balance score needed to promote the sales of the company and to emerge asthe global supplier of surgical instruments. An interview was conducted in order torecruit and implement new ideas to discuss so that the current condition of the companyimproves.Concept of balance scorecard Balance scorecard is defined as a tool of measuring performance metric unit informulation of strategic management so that the malfunction can be identified within theorganization. This identification would improve the existing condition of theorganizations internal functions of the business environment which will result in theoutcomes of the external factors of the company. Balance score cards provide theorganization with a measuring tool to measure the works of the organization andprovide a strong feedback (Almohtaseb, Almahameed, and Shaheen, 2017). Theamount of data collected is of qualitative in nature. This data’s are being interpreted bymanagers and various other executives who will help them to take better decisions topromote the growth of the organization.
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