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Strategic Management Accounting Assignment - World Vision Australia

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Added on  2020-05-11

Strategic Management Accounting Assignment - World Vision Australia

   Added on 2020-05-11

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Strategic Management AccountingExecutive Summary:The organization World Vision Australia is a community development organization that workwith different communities and geographical areas to help individuals and groups of thecommunity to improve the welfare of the poor children so that they can get an opportunityto live a decent life that will fulfil their basic minimum requirements(food & clothing,shelter, safety, education & an overall healthy leaving environment).In this report an analysishas been done regarding the current performance of the organization and what are the stepsand initiatives are to be taken by the organization to fulfil the target of serving 100 millionchildren across the word in near future. In order to do the analysis the strategy managementtool of balanced scorecard and strategy map has been utilized. The application of these toolswill identify the major perspectives or objectives that the organization has to peruse toenhance the overall operational efficiency of the organization.
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Table of ContentsExecutive Summary:..................................................................................................................1Introduction:...............................................................................................................................3Body:..........................................................................................................................................3Long-term goals of the World Vision Australia....................................................................3Stakeholders or clients for the World Vision Australia.........................................................3Perspective to be focused with respect to the operation of the organization.........................4Balanced Scorecard with respect to the chosen objective:.....................................................5Strategy –Map describing the relationship between the chosen perspectives........................7Issues to be addressed with respect to the implementation of the balanced scorecard inWorld Vision Australia..........................................................................................................8Conclusion:................................................................................................................................8References:.................................................................................................................................9
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Introduction:World Vision is an organization that operates worldwide to deliver support for the bettermentand the development of the communities across the world and World Vision Australia is abranch of this organization that is incorporated in Australia. The mission of this organizationis to help the poor children to get decent life along with the earnest cooperation of thesupporters as well as employees of the organization(worldvision.com, 2017).Body:Long-term goals of the World Vision AustraliaThe long term goals of the organization are as follows:Contribution to the sustained well being of around 100 million children To engage around 1 million supports with the organization that will strengthen theoperation of the organizationTo strengthen the resource baseTo enhance the rate of employee retention as well as degree of employee engagementwith the organization(worldvision.com, 2017)Stakeholders or clients for the World Vision AustraliaThe stakeholders of the organization are the supporters and the clients of the organization arethose who receive welfare service of the organization. In other word the stakeholders of thecompany are the individuals or groups who could be affected by the o operations of theorganization(Worldvision.com.au, 2008).The individuals or the groups who could by theirown actions affect the operations of the organization are also considered as the stakeholdersof the company. Each of the group of stakeholders deliver invaluable contribution to thesustainability of the operations through their interaction with the organization .In brief therange of stakeholders of the organization includes the donors, supporters, partners, suppliers,staff, volunteers, the community at large, target communities and government. Each of thesestakeholders add value to the issue of sustainability in their own unique was. For example,the donors are having stake in the company as they are contributing the fund to theorganization with a trust that it will be used for improving the wellbeing of a poor child.
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