Describe how the use of a balanced scorecard can support continuous improvement in organizational effectiveness
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Describe how the use of a balanced scorecard can support continuous improvement in organizational effectiveness
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- why is it better to use regression analysis rather than variance analysis in analyzing drivers of customer satisfaction ?A local manufacturing firm which produces engineer to order and assemble to order high value products for the pharmaceutical industry has recently been requested by its owner to provide a proposal on the benefits of a predictive performance model and methodology from a workshop that you have recently completed. You are requested to produce the following report: 1. Review the current state of the practice of performance reporting within firms. 2. Suggest a suite of appropriate key performance measures. 3. Explain the benefits of an Ex-Ante or Predictive Performance approach to enterprise performance management. 4. Recommend a methodology on how this type of Enterprise Performance Model might be deployed within actual firms. It is recommended that you use appropriate examples from the literature or your prior industrial experience to support any recommendations that you provide.Describe the strengths and weaknesses of quantitative vs. qualitative methods in data analysis.
- Analyze the student summative assessment results(attached) by discussing two possible causes of nonproficiency for students in certain areas after the summative assessment.Discuss the manner in which the balanced scorecard framework enhances return on investment (ROI)?Explain the concept of predictive analytics in CRM and provide examples of how it can be used to improve customer engagement.
- Consider the possibility of credit scoring being used in the prison system to decide who is to beallowed out for this 48-hour period.We need to consider how this might work.Specifically, consider this as a scorecard development and propose suitable definitions for:The applicant populationGood’s, Bad’s, and RejectsAlso, suggest eight (and quite different) characteristics for the scorecard development phasethat you think could be predictive and on which you would try to capture data.What has using computerised statistical processes contribute to the advancement of human understanding?Describe the contribution of application of statistical techniques ?
- Either using descriptive or prescriptive models is beneficial; however, which one is more effective?Describe the different forms of time series and associative predictive structures. Which categories of organisations are the most important to each and why?Is there a difference between forecasting demand and forecasting sales? Can demand be forecast from historical sales data?