Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Exercise 36

The Balanced Scorecard

Required Develop a balanced scorecard with three or more groups of CSFs for Fowler’s Farm based on Problem 2-32. Explain your choice of groups and identify four to five CSFs in each group. Make sure that your CSFs are quantitative and can be measured.

Step 1 of 4

BALANCED SCORE CARD (BSC) is a planning and management tool which provides aid to the organisation for creating a base for better communication and prioritize the different factors of organisation. Critical success factors (CSF) are the factors which are present in the balance score card that ensures the success of an organisation. Fowler’s farming business should also create such score card to improve their business.