Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 11 views

    Hervas Mace 421 1st Exam

    Uploaded by

    Clarizza

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Hervas Mace 421 1st Exam

    Uploaded by

    Clarizza
    11 views5 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    11 views5 pages

    Hervas Mace 421 1st Exam

    Uploaded by

    Clarizza

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    Name: Clarizza Joyce N.

    Hervas BSMA-4 Code: 0567


    Course/Subject: MACE 421 – Management Reporting

    MACE 421 (1st Exam)

    CASE I. S.W.O.T. Analysis Case Study


    Strengths Weaknesses
     Located in a high-traffic holiday  There is no television, and there
    resort town with easy access to is no Internet/Wi-Fi.
    the beach and other major  Tenancy rate is low.
    attractions  Grounds that are bare and
     Very decent restaurants and unpleasant
    takeaways are close by.  Did not even try to sell right
     Price is really affordable, only away since some people will
    half the price of similar come in, have a look, and then
    competitors. go.
     Bedrooms that are large  There is no restaurant service
    (capable to accommodate on the site.
    family)  Typically, the motel's name isn't
     Sites that are both large and particularly appealing.
    open  Only local advertising and
     A large number of rooms are insufficient advertising
    offered.  There is no strong bond
     Breakfast is served at a between the proprietor and the
    reasonable price on a clean, local tourism committee.
    well-kept grounds.  A low rate can convey the
     Have a great relationship with impression of poor quality.
    some of our most loyal
    customers.
    Opportunities Threats
     Make the ground location more  Failure is a possibility if the
    interesting by improving it. number of guests will not
     Set up the television. increase.
     Make the necessary internet  There is a similar product on the
    connections market with a lower price and
     Outdoor amenities include a better facilities.
    BBQ and picnic area, a  Economic downturns may have
    children's swimming pool, and a an impact on holiday spending.
    mini golf course (if it not too  Increase the rates for specific
    costly). rooms.
     Increase the amount of
    advertising that is done
     Increase the charges that are
    paid
     Collaborate with other
    attractions, restaurants, and
    other businesses (charge-back
    facilities with nearby
    restaurants, for example)
    II. BALANCED SCORECARD
    1. Enumerate and discuss the ways creating a Balanced Scorecard (BS) would
    contribute to the organization.

    A balanced scorecard is a performance indicator used to detect, improve, and


    control an organization's numerous operations and outcomes. It is used to assess
    learning and growth, business operations, customers, and finances. To implement a
    balanced scorecard strategy, the company must first identify its main strategic
    variables. Following that, each is linked to the relevant delivery variables and, last, to
    measurement criteria. The performance management system is then built on top of
    these.

    Creating a Balanced Scorecard (BS) have great contributions to the


    organization. It helps in the communication of the strategy to all members of the
    organization by converting the strategy into a logical and linked set of operational
    targets that are both understandable and measurable. The balanced scorecard is also
    a tool that helps businesses analyze their customers' demands and value. In addition,
    it aids the organization in focusing on strategic results and strategy, as well as ensuring
    that strategic goals are linked to specific targets and the annual budget. Moreover, it
    ensures that the vision, strategy, processes, projects, and people are all in sync. As a
    result, business unit plans help to clarify, communicate, and cascade strategy.
    Furthermore, it instills in employees a sense of responsibility and buy-in to change.
    The organization's initiatives have been reprioritized, and everyone's responsibilities
    have been explained. And it aids in the identification of essential performance
    indicators and strategic goals. These are created and interconnected at every level,
    guaranteeing that they are all connected. The balanced scorecard aids in assessing
    the success of a strategy. There is a high level of stakeholder participation, which
    increases commitment to implementing the strategy and can be used by any size
    organization. That’s why, a balanced scorecard is essential to the organization since
    it is one of the ways in reaching the organization’s goals and stated above are just
    some of the contributions in creating a balanced scorecard in the organization.

    In conclusion, the balanced scorecard is a management method that focuses


    and prioritizes managerial energy in order to achieve both short- and long-term
    corporate goals, as well as providing early warning signs for course correction. This
    method has a lot of potential advantages. When done successfully, it relies on widely
    scattered knowledge and combines it to arrive at a plan that maximizes the use of all
    of the organization's assets: physical, human, and intangible. Although the attraction
    of a quick fix is strong, bringing together current knowledge and creating new
    knowledge where appropriate takes time.

    You might also like