Recent Balance Scorecard Theory Practices of Bangladeshi Company free essay sample

Abul Kashem, Associate Professor , Department of Management information system, University of Dhaka for providing us all the information about information technology, for his guidance, constructive criticism, valuable suggestions and untiring help throughout the course of this work. I am highly delighted to express our cordial gratitude and veneration to our parents for their constant help, affection support and sacrifices. The Author December 26th , 2011 Letter of transmittal Date: 26/12/2011 To, Md. Abul Kashem, Associate Professor Department of Management Information System, University of Dhaka. The study attempts to measure organization’s perception on learning and growth with the help of Balanced Scorecard model in a multinational firm of Bangladesh. That is to say, in this paper it has been shown how a proper and effective knowledge management can make possible the organizations financial success that can be revealed using the Balanced Scorecard (BSC) framework. Additionally, the perception about knowledge management, its linkage to the BSC and its usage has been identified. We will write a custom essay sample on Recent Balance Scorecard Theory Practices of Bangladeshi Company or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Primary data collected for conducting this empirical research was carried out through survey method using structured questionnaire. Data were then analyzed with the help of bi- vitiate and multi-vitiate techniques of statistics. Empirical results of our study suggest that learning and growing organization is one in which knowledge management activities are deployed and expanded with a view to leverage the creativity of all the people in the organization The result also evidenced that BSC, as a strategic performance measurement tool, helps in strategic management by linking some strategically significant, relevant, and interrelated measures or indicators with organizational emphasis on knowledge and learning initiatives . Keywords: Financial Perspective, Customer perspectives, International Business perspective, Learning Growth, Bangladesh. Executive summary: Management translates its strategy into performance measures that employees understand and accept is called The Balanced Scorecard. Kaplan and Norton describe the innovation of the balanced scorecard as follows: The balanced scorecard retains traditional financial measures. But financial measures tell the story of past events, an adequate story for industrial age companies for which investments in long-term capabilities and customer relationships were not critical for success. These financial measures are inadequate, however, for guiding and evaluating the journey that information age companies must make to create future value through investment in customers, suppliers, employees, processes, technology, and innovation. Balance Scorecard has four perspectives: . The Learning Growth Perspective 2. The Business Process Perspective 3. The Customer Perspective 4. The Financial Perspective In early-style Balanced Scorecards are hard to design in a way that builds confidence that they are well designed. In the mid 1990s, an improved design method emerged. In the new method, measures are selected based on a set of strategic objectives plotted on a strategic linkage model Because of this, many are abandoned soon after completion.

6 Reasons to Read Before Class

6 Reasons to Read Before Class Everyones college and grad school experience is a little different, but the one thing all have in common is reading. You already know that college entails a lot of reading. Guess what? Grad school is way worse.  Expect your reading load to triple, at least, in graduate school. With such a huge set of reading assignments, you might be tempted to fall behind and not read before class. Here are six reasons why you should avoid temptation and read ahead of the class. Make the Most of the Class Time Class time is valuable. Be sure that you can follow along. When you read ahead of time, you are more likely to understand the organization of the lecture. Youll be better able to figure out whats important and what isnt (and thereby take effective notes). Understand the Topic and What You Don't Understand If everything that you hear in class is new, how will you determine what you understand and whether you have questions? If you have read beforehand you can focus your attention on filling gaps in your understanding by paying more attention during some parts of the lecture and by asking questions. Participate Most classes require at least some participation. Be ready to answer questions and to discuss the topic. Its easy to participate when you know the topic. Reading beforehand helps you to understand the material and gives you time to consider your perspective and opinions. Dont get caught unprepared. Professors opinions matter - do not get caught faking it. Show Off Reading before class lets you show that youve read, that you care, and that you are intelligent. Youll be able to ask good questions and participate in a way that demonstrates preparation, interest, and mastery of the material. These are all positive marks in profs views. Participate in Group Work Many classes require group work, often in class. If you have read, you are ready and likely will not mooch off of your classmates, or benefit from their hard work. In turn, if you have read you can tell when the group is taking a wrong turn. Contrary to some stereotypes, effective group work requires preparation. Show Respect Reading ahead of time shows respect for the instructor and interest in the class. While instructors feelings should not be the primary motivator of your behavior, relationships with faculty are important and this is one easy way to get your relationship with your professor off to a good start. Think ahead- faculty are often important resources for advice, recommendation letters, and opportunities. Many students find reading tiresome, a great deal of work. Try employing reading strategies such as the SQ3R method.