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Practical Implication of the BSC in BHP Billiton

   

Added on  2021-06-17

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RUNNING HEAD: Practical Implication of the BSC in BHP Billiton 1P a g ePractical Implication of the Balance Score card Approach in BHP Billiton
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Practical Implication of the BSC in BHP Billiton Company2Introduction With the ramified complexity of the business organization, use of balance score cardapproach has been gaining momentum throughout the time. It is observed that the BHPBilliton Company is an Aglo Australia Multinational mining metals and petroleum dual listedcompany which is indulged in providing the fisheries and promotion of the agricultureproducts in Australia. It is fully owned conglomerate company which has been running its busienss inAustralia.Implementation of the Balance score card approach The Balance score card method of the Kaplan and Norton emphasis upon thestrategic approach and performance management system that enables organization to translateBHP Billiton Company vision’s mission into the implemented strategic program. It simplyprovides the road map to implementation of the strategic program to implement the strategicprogram to sales its services and products in market.
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Practical Implication of the BSC in BHP Billiton Company3Statistical data for the customers services Source:https://www.sec.gov/Archives/edgar/data/811809/000119312510213954/d20f.htmThis graph reflects the statistical data and work program which have been taken by BHPBilliton company to implement the proper strategies and smooth running of its busienss.
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Practical Implication of the BSC in BHP Billiton Company4Source:https://www.slideshare.net/ezendu/performance-of-knowledge-managementThe increased numbers of cases which had negatively impacted the BHP BillitonCompany resulted to increasing the benefits of the corporate social responsibilities programundertake by the company for the stakeholders. The Balance score card approach helps BHPBilliton Company to identify the issues and key problems which will eventually reduce thecomplexity and render more benefits to society. However, the number of cases related damages arise to society due to the spill of theoil and gas has increased by 20% since last five years.
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