The first audit exercise consists of synthesizing a strategy score card from four elements, the financial outcome, customers, human resources, and sustainability. The discussions will involve awareness of the goals in every area of concern along with the tools to measure such goals. Also it is about the reasons behind. The Balanced Scorecard is a strategy tool that can be used by managers to keep a record of the order plan by the
staff employees as well as monitor the effects of actions that may arise from performance. The Balanced Scorecard is used quite often at Apple Computer as a planning tool instead of a control tool. Customers that have high expectations on today along with the fast pace market, Apple has been constantly put under pressure about keep up with a Balanced Scorecard. With checking Apple’s methods for so many years, both non-financial and financial qualities of operations are a part of the strategy directions and assessment of quality costs of value. The Balanced Scorecard procedure provides Apple with the definition for its financial place for a better visual picture of what the business targets to measure and the reasons for it. The company’s goal is to be stable in their financial aspect. With the assistance of the scorecard, Apple sees the light on their finance, relationship with the customers, human resources and maintainable aspects and able to put the strategies into plan, and also provide the most recent feedback to increase performance and whole results. Today, Apple is one of the developing technology businesses worldwide. Because of this, the level of knowledge and the type of training of Apple staff is needed efficiently to provide a major competitor in a very great competitive market. Sustainability and long life begins to take place. It also is a combination with sustainability and human resources. Given much respect to sustainability, staff must have no interruption for learning. Apple’s most recent profits are in providing training to their rising amount of employees. Statistics shows in 2010, that Apple Inc. has 9,400 employees which was a 34.2% increased from 2009. A clear view of the company’s energies to nurture demanding
“growth through innovations, development, and market ability,” according to Forbes Magazine. The purpose of scorecards is to measure a business’ creditors, ROI’s and cash flow due to a company’s financial performance essential to its achievement. One disadvantage of studying financial scorecard figures is the collected data is historical meaning that it supplies information about what happened in the organization. The data will not display the current situation. Also it is not an excellent performance indicator to show of the future. The truth of the matter is that some of the sustainability tools measure internal process. In most cases, the tools will back up branding activities for both stakeholder and customer views. It is very important, even though they are only part of the full picture.
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- Fall '12
- Apple Company