Balance Scorecard

Problems of Balanced Scorecard Implementation Balanced scorecard recognizes rough of the weaknesses and vagueness of previous management approaches which provides a clear prospection as to what companies should government note in edict to symmetricalness the fiscal perspective, (Paul, 1998) so does Media common. Media public is a successful company to develop equilibrize scorecard. The balance scorecard empowers the shargonholders to maximize their values, and also successfully improves objective news report to solve financial issues and achieve media convergence. However, balanced scorecard lay egress of Media General still has some important problems in the carrying out process. If Media General can non deal with these problems as soon as possible, it would not afford future loss. Linking to allowance In latest globalization, more and more companies believe compensation is a hefty jimmy and have moved quickly to establish such a linkage. As MAG stated, linking to compensation is one of the or so vital aspects of implementation. Although Media General Inc. is doing well at the employees of communication, it still lacks of compensation for employees. Employees dollar volume in Media General are truly higher than organize from 10% to 12%. This deviant make up illustrates the problem.

The compensation could curl up and incentive employees to have a better performance for individual. As well, if Media General implements compensation for its employees, it would bang less risk on financial performance. Employees are more likely to pay efforts on the current job and help the company to ach ieve its financial objective. Meanwhile, lea! rning and growth is the prefatory level in balanced scorecards. Therefore, employees performance directly affects customers contentment and financial improvement. There are many approaches to develop a unique compensation invent for employees. Firstly, Media General could assess weights to distributively objective and calculates incentive compensation by the...If you want to write down a full essay, order it on our website: BestEssayCheap.com

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