Hungry Jacks qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwert
Added on 2021-06-18
14 Pages4021 Words345 Views
Finance
|
|
|
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfgMANAGEMENT ACCOUNTING
Hungry JacksExecutive SummaryThe balance scorecard approach has assumed a place of special importance in private held companies. It is one of the well known methods that helps in performance measurement where both financial, as well as non-financial segment is taken care of. In this report, the major emphasis is on the balance scorecard approach where its implementation is studied in the context of Hunger Jacks. The report revolves around Hunger Jacks and BSC. It starts withthe introduction followed by the mission and strategy of the company. Further, BSC is differentiated from the traditional measurements and the suitability of the approach is highlighted upon.2
Hungry JacksContentsIntroduction...........................................................................................................................................3Hungry Jacks..........................................................................................................................................3Business affairs of Hungry Jacks............................................................................................................3Vision.............................................................................................................................................4Strategy.........................................................................................................................................5Investment in under-performing markets or businesses.......................................................................5Enhancing the franchise........................................................................................................................5Choosing excellence and operational growth........................................................................................6Balanced scorecard measure.................................................................................................................6Financial approach.........................................................................................................................7Customer measures.......................................................................................................................7Business processes........................................................................................................................8Growth and learning......................................................................................................................8Suitability of balanced scorecard to client.............................................................................................9Distinction in the measures of balanced scorecard...............................................................................9Conclusion...........................................................................................................................................11References...........................................................................................................................................123
Hungry JacksIntroductionThis report plays a key role in highlighting the present and proposed measures of Hungry Jacks. In relation to this, it is noticeable that the company has changed its strategies and policies so that it can surpass its last overall organizational performance. Nevertheless, the company has undertaken or implemented a balanced scorecard strategy so that it can perform effectively in the present year, thereby facilitating a better path for future developments. For such purpose, the company has often accounted for its past performance as an efficient benchmark that must be surpassed in the upcoming years. Moreover, when it comes to the Board, techniques like execution and implementation of desired plans, and decision-making is given due priority. Further, it is necessary for the management board of the company to design adequate standards for the company and its workforce so that the actual performance can be easily reviewed with the help of targeted and anticipated performance trough evaluation of time factors too. Nonetheless, with the assistance of a balanced scorecard measure, the company will become capable of scrutinizing its internal environment and thereafter, design the same in such a way that can generate more profits and enhance the organizational performance as well.Hungry JacksThis company is primarily a franchise of the global Burger King Corporation and has been in operation since the year 1971. Hungry Jacks is based in Australia and its initial success started with a rapid development of its first south Australian store located in Anzac Highway and this is followed by Kedron in Queensland. It is basically a wholly-owned subsidiary of Competitive Foods Australia. Furthermore, the company operates and owns all the restaurants of Burger King in Australia (Hungry Jacks, 2018). Besides, as a master franchise for Australia, it is duty bound for licensing fresh operators, opening its new stores, and undertaking standards oversight of franchised locations throughout Australia. Overall, with over 390 locations throughout the country, Hungry Jacks has become the second biggest franchise of Burger King in the entire world.Business affairs of Hungry JacksThe company intends to become the best fast food hamburger restaurant through deliverance of customer satisfaction in its services, products, value, and cleanliness. This is the reason why the company has undertaken a balanced scorecard measure to ensure that its internal 4
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Business Strategy for Hungry Jack's: Cost Leadership, Differentiation and Focuslg...
|15
|3576
|137
Ethical Communication for Business: A Case Study of Hungry Jack's in Australialg...
|12
|3097
|139
3 MARKETING EXECUTIVE SUMMARYlg...
|13
|3914
|67
Business Environmentlg...
|11
|2193
|100
Market Competition Analysis for McDonald's and Hungry Jack's in Sydney Citylg...
|13
|3826
|423
Strategic Management: Analysis of Internal and External Issueslg...
|10
|2316
|45