Evaluate of the implementation of the balanced scorecard in Transworld Auto Parts by using the 4 stages of implementing the balanced scorecard as contained in the reading Strategy Execution Module 9: Building a Balanced Scorecard
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Evaluate of the implementation of the balanced scorecard in Transworld Auto Parts by using the 4 stages of implementing the balanced scorecard as contained in the reading Strategy Execution Module 9: Building a Balanced Scorecard
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- How to implement of the balanced scorecard in an autoparts company by using the 4 stages of implementing the balanced scorecard as contained in the reading Strategy Execution Module 9: Building a Balanced ScorecardThe American Baker's Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent certain types of cancer. You are the manager of a bakery that produces and packages gourmet bran muffins, and you currently sell bran muffins in packages of three. However, as a result of this new report, a typical consumer's inverse demand for your bran muffins is now P= 11 -15Q If your cost of producing bran muffins is C(Q) = 3.5Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price. Instructions: Enter your response for the optimal package price rounded to two decimal places. Optimal package size: Optimal package price: $ unitsMarkman Industries employs a standard cost system. It has established the following standards for the prime costs of its air rifle product line: Standard quantity Standard price Standard cost Direct materials $21.80/kg $ 87.20 4 kg 0.5 direct labour hours (DLH) Direct labour $20.00/DLH 4.00 $ 91.20 During November, Markman purchased 13,000 kg of direct materials at a total cost of $295,100. The total factory wages for November were $38,000, 90% of which were for direct labour. Markman manufactured 3,500 air rifles during November, using 13,500 kg of direct materials and 1,900 direct labour hours. Required: a) What was the direct labour efficiency variance for November? b) Over the past year, Markman's management team attempted to reduce the number of customer complaints relating to the product by sourcing higher-quality direct materials from a different supplier. Explain the effect this has had on the direct material variances. Do you believe this has also impacted the direct labour…
- A student group on a college campus wanted to create a survey about parking availability on campus. The student group randomly selected 300 students to take the survey. One of the questions read, “Many students believe the lack of available parking is a major problem. Do you agree or disagree?” Of the 300 students that took the survey, 285 surveys were returned. This survey will most likely suffer from which of the following types of bias? There is no bias in the way this survey is carried out. Response bias Selection bias Non-response biasThe purpose of the balanced scorecard is best described as helping an organization: translate an organization’s mission and strategy into a set of performance measures that help to implement the strategy introduce innovative products and services desired by target customers mobilize employee skills for continuous improvements in processing capabilities, quality and response times develop customer relationsThe SCORE framework espoused in the article entitled "The Board's Role in Sustainability" recommends each of the following to achieve board-of-director buy-in of a company's sustainability initiatives, except: articulating a simple and clear statement of purpose. taking "ownership" of the company's stated purpose. basing compensation systems on metrics that reflect purpose, not just profits recognizing that ultimately the firm has a fiduciary responsibility to put shareholders' interests above all others.
- Molly e-mailed her clients offering a free 30-minute massage for referrals. In the following validation set of 100, Class 1 reflects the clients predicted to provide referrals and Class O reflects the clients predicted to not provide referrals. Based on the confusion matrix, what was the True Positive (TP) of current clients who provided referrals for a free massage? Actual Class Predicted Class 1 Predicted Class 0. Class 1 Class 0 Multiple Choice 28 63 19 9 9 63A Lighting company seeks to study the percentage of the defective glass shells being manufactured. Theoretically, the percentage of defectives is dependent on temperature, humidity, and the level of artisan expertise. Complete historical data are available for the following variables on a daily basis for a year.a. Temperature (high, normal, low)b. Humidity (high, normal, low)c. Artisan expertise (expert, average, mediocre)Some experts feel that defectives also depend on productive supervisors. However, data on supervisors in charge are available for only 242 of the 365 days. How should you conduct this study?A well-known multinational FMCG produces more than fifty products and sells them in the market. Out of fifty products one is mineral water for drinking purpose and supplies different size pack bottles in the market. Product manager observed that, during hot days the sale of water is more as compared to the normal days. He started the collection of data of weekly sale of water and the average weekly temperature. Product manager was interested in developing a relationship between sales and temperature; therefore, he discussed and shared the following data with you
- One of the products Company Miraitowa manufactured and plans to sell in Tokyo is vacuum insulated water bottles with a picture of the Olympic Mascot on. Discuss the four different ways in which a customer can perceive the value of vacuum insulated water bottles.A new car rental company has decided to differentiate itself by creating a service aimed at people who need to rent a car for a few hours or a few days while their car is repaired. The company believes that it will be profitable as it will win the favor of consumers by providing services that large companies do not offer. For example, bring the car to the customer and pick it up at the end of the rental. Based on this description, which of the following differentiation strategies is the company planning to use? Select one: a. service-based b. based on product c. based on personal treatment d. based on imageWhat is the difference between a smooth and layered VES model?