logo

Financial Perspective Objective Comments KPI

5 Pages979 Words56 Views
   

Added on  2020-04-01

Financial Perspective Objective Comments KPI

   Added on 2020-04-01

ShareRelated Documents
NAMESTUDENT IDSUBJECTDATE
Financial Perspective Objective Comments KPI_1
LUXE FASHION RETAIL LIMITEDQUESTION 1A balanced score card is a toll that is used to identify and improve different internal functions as well as their effects to the external environment, basically, it is a strategic performance management tool (De Geuser et al, 2009). The score card in the LFR Limited basically focuses on ensuring that the customer is treated with the best care and is comfortable. The procedures and activities carried out to ensure that are those that are mentioned in the score card. The business’s aim is to be able to attract new customers as well as maintain its current customers. Therefore, the management team of the business focuses on ensuring that all of the above business functionalities are performed to their optimum and achieved the results intended.b) OBJECTIVE MEASURE IN FORM OF KPIFinancial PerspectiveObjectiveCommentsKPICommentsIncrease in revenueShould increase the number of product salesExtend the market share and segment bycreating new customers and marketsMeasure the revenue percentage received from the new productsMeasure both productand customer profitabilityMeasure the percentage of customer increaseAs long as the activities leading to change in business financial position are kept in check, the KPI will be easily identified and achieved.Customer Value CustomerClose customerrelationshipsCustomer value tothe loyal customersReward andspecialtreatmentaccordinglyEffective andefficient customerexperience
Financial Perspective Objective Comments KPI_2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Relative Measure for John Lewis (PDF)
|11
|3859
|396

Shaver Shop: Comfort and Convenience for Grooming Needs
|20
|831
|463

Report on Financial Accounting- Doc
|11
|2798
|73

MKT 315: Global Marketing PDF
|17
|3123
|26

Consumer Behavior Assignment: Tesco
|13
|3458
|33

3040MKT – DIGITAL AND SOCIAL MEDIA MARKETING
|16
|3763
|55