Explain in your own words how the following concepts relate to each other, Accounting Assignment Homework Help

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Question1(20%)

a)

Explain in your own
words how the following concepts (listed herein a random order) relate to each
other in a balanced score card model:

·  Keyperformanceindicators

·  Scorecard

·  Targets

·  Critical
successfactors

·  Strategydevelopment

·  Controlling
activities

·  Strategymap

b)

According to
thestrategyplan for ABC Business School for theperiod from2015to 2018
theschool’s coreresourcesare:

·  Highly committed
faculty and professional staff

·  Market-orientedand
innovative culture

·  Inspirational
learning environment

·  Broad student and
alumni base

·  Strong brand

·  Financial autonomy
and latitude

Usethetheoryand
models developed by BirgerWernerfeltand JayB. Barneyto describehow these
resourcesmaycontribute to creatinga competitive advantagefor this ABC Business
School.

c)

According to
thestrategyplan for ABC Business School for theperiod from2015to 2018
theschool’s corevalues are:

·  Student oriented (ABC
Business Schoolemployeesput students first)

·  Academicfreedomand
integrity(ABC Business School employeeshonor academicvalues)

·  Respect,responsibility
and ethical awareness(ABC Business School  employeesmanagepowerin a responsible manner)

·  Excellence in
research,teaching and support services(ABC Business School employeesnurturea
culture of continuous improvement)

Discuss possible
critical successfactors and KPI’sthat mayberelevantto consider when thestrategy
plan is operationalized for thefuture use in a balance
scorecardmodel.Arethereany of theabove areasthat mayproveto bedifficult to
measure?

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