1. 1. Executive SummaryFinancial Performance Implementation of a balanced scorecard enabled the South Division (SD) to achieve a17.4% improvement in financial results over the North Division (ND). Within the SD,differences in the quality of implementation affected the degree of success of each branch.Implementation Differences Higher Performing Branches Lower Performing Branches clear and thorough regarding the inadequate in explaining why Communication was… purpose and use of the scorecard the scorecard was important Scorecard development management in collaboration with management only was done by… employees unrealistically difficult or far reasonably attainable and fair for Goals set were… too easy to attain and not equal all employees for all employees both group and individual, and not clearly defined or Incentives were… included monetary and non- nonexistent monetary rewardsRecommendations • Communication – clearly explain the purpose of the scorecard and help employees understand how to achieve their goals. • Scorecard development – allow employees to work with management to identify and set the measures and goals used in the scorecard. • Attainability/Equality of Goals – make sure goals are realistic and reachable for all employees in the branch. • Incentives – reward the group for the collective success of meeting branch goals as well as individual recognition for high performing employees.
2. 2. 03 May 2012 Case 2 Team 2 Case 2 - Balanced Scorecard Case B (Team 2: Rima LeBlanc, Kelly Austin, Alan Bucciero, Steve Gotshall, & Kevin O’Neil)Financial PerformanceAfter one fiscal year of implementing a Balanced Score Card (BSC), the financial results for Tri-Cities Bank support the use of a scorecard at all branches. Figure 1 shows a high-levelcomparison of the financial performance changes between the North and South Divisions from2000 to 2001 – a difference of 17.4%. It is clear from this summary graph that the SouthDivision had a much larger improvement in financial performance in 2001. Noting that the onlyoperational difference between the two divisions was the implementation of the Balanced ScoreCard (BSC) management tool throughout the South Division, it is easy to see the benefit the BSChad on the average financial performance. Figure 1. Tri-Cities Bank Division comparison.Figure 2 breaks the data in Figure 1 down to show the performance increases of each branchwithin Tri-Cities Bank. The dotted line running down the middle of the graph divides thebranches by division. With the exception of branch E, this figure clearly shows the benefit thebranches in the south division received as a result of implementing the BSC. Although the northdivision produced consistently positive returns across all branches, the potential for much largergains with the use of a BSC is evident in the results of branches A, C, and B.
3. 3. 03 May 2012 Case 2 Team 2 Figure 2. Tri-Cities Bank Branch comparison.Figure 3 focuses on a comparison of the large performance increases each branch within thesouth division accomplished using the BSC in 2001. It can be seen that branch A achieved thelargest percentage increase in financial performance, while branch E showed the smallestincrease in financial performance. While all branches did show an increase in performance from2000 to 2001, the results varied greatly. These differences can be correlated to the methods usedby management to implement and execute the BSC, and to how the program was received by thebranch employees. The implementation section discusses the lessons learned on BSCimplementation strategies Figure 3. South Division branch comparison.
4. 4. 03 May 2012 Case 2 Team 2ImplementationAfter reviewing the financial performance results, the average benefit of using the BSC is clear.However, the results of the BSC vary greatly depending on the method by which the system isimplemented and managed within an organization. The following sections discuss lessonslearned on four major
and tell you all about it. In Beatrice's world, there are five factions that carry out the daily duties of civilized living. They are Abnegation which is in control of the government, Dauntless which is in charge of security both inside the city and at the city walls, Amity which is the faction that grows most of the food and fills the role of caregivers, Erudite which is in charge of education and research, and Candor which is in control of law and justice. A child is born to a faction, but once…
1 2 3 4 5 6 6:45 AM practice practice 3:10 Dr. in @ 5:45 practice 3:10 practice 3:10 tri @ home GSL & St. Peter practice 3:10 GSL Invite 7-12 8 9 10 11 12 13 practice 6:45 practice 3:10 MS @ St. Peter practice 3:10 practice 3:10 At NYA practice 3:10 Delano Invite MS/JV/V MS @ DC 5:00 V & JV 15 16 17 18 19 20 practice 6:45 practice 3:10 practice 3:10 practice 3:10 tri@home 7-12 LSH & Rockford parents night practice 3:10 22 23 25 26 27 practice 9:00 practice…
Danny was doing his shows that also raised money for St. Jude. Often accompanied by his wife, Rose Marie, Danny crossed the United States by car, sharing his dream and raising funds at meetings and shows. Danny Thomas and his wife once visited 28 cities in 32 days. Although Danny Thomas and his friends raised the money to build the hospital, they now faced the daunting task of funding its annual operation. Danny Thomas was of Lebanese descent, so he turned to his fellow American of Arabic- speaking…
take into consideration the two other cities within 5 miles of Iron Mountain, Kingsford and Norway. These three cities are called the tri-cities, so having a Buffalo Wild Wings in Iron Mountain, would also draw customers from Kingsford and Norway. The total population now combining the tri-cities is 21,499. This now triples the amount of customers. With not having many sports bars in the Iron Mountain area and having the combined population from the tri-cities, Buffalo Wild Wings chances of success…
their own food though which is cool. Animals have flex membranes and is why they have muscle cells for movement. Robert Hooke discovered the cell in 1665 with his beta version microscope. But he had no idea what would be found later. A cell is like a city with walls that only allow certain things in. there is a power plant for energy, waste services, palace in the center and even a police force. The cell runs like a dictatorship. The nucleus tells everything what to do with no exceptions. The Mitochondria…
tour” signs posted where Sheridan bends. (Note that Sheridan Road traffic in Evanston travels north on Forest Avenue for a few blocks.) Follow “Once you’re on campus” (below). From O’Hare International Airport Follow outbound traffic to get on the Tri-State Tollway (I-294) north and follow the “To Milwaukee” signs. Exit at Dempster east. At Potter Road (the first stoplight), turn left and follow Porter north one-half mile to Golf Road. Turn right at Golf and travel east about 10 miles to reach Evanston…
Assignment Number: #3 Assignment Due Date: 30/01/2015 I certify that I have not conferred with others in preparing this assignment and the content of this assignment is my original work. MARKER’S COMMENT Heart Disease and Social Marketing – The ‘Just TRI’ Campaign Motives Cardiovascular disease (CVD) is a major cause of morbidity and premature mortality in Australian men and women (Bonow, 2002). Although the disease manifests later in life, it is evident that the origins of CVD begin during adolescence…
Airan Fogg Critical Writing 110.28 Lyrical Essay September 7, 2011 Professor Coleman In “Giants” by Donald Lawrence and the Tri-City Singers, is a gospel song that can truly uplift anyone who listens to it. This song serves as extra encouragement for anyone that may be going through something. Everyone has had a time where they feel like nothing is going for them or like they have nothing else to do but give up. Even for those that may not be born again through Christ can gain something inspiring…
Dear Veronica Roth, Your book Divergent was wonderful! I really loved it. It made me think about how much a person can actually change in a short time. For example: Tris was really nervous with what faction she was going to choose, and how she was nervous, worried, and a little scared during the dauntless initiation. Then she started to get stronger, braver, and careless about herself, this reminds me of how nobody ever really stays the same. That every single day someone overcomes a fear, or goes…