{"id":106441,"date":"2022-06-26T00:00:00","date_gmt":"2022-06-26T00:00:00","guid":{"rendered":"https:\/\/nursingstudybay.com\/2022\/06\/26\/balanced-scorecard\/"},"modified":"2022-06-26T00:00:00","modified_gmt":"2022-06-26T00:00:00","slug":"balanced-scorecard","status":"publish","type":"post","link":"https:\/\/www.studyproessays.com\/help\/balanced-scorecard\/","title":{"rendered":"Balanced Scorecard"},"content":{"rendered":"<p>ACC &amp; ACF 3200<br \/>\nGroup Assignment<\/p>\n<p>The Salvation Army<br \/>\nThe Salvation Army is a well-established Christian charity that has operated in Australia for<br \/>\nover 140 years. Internationally they offer programs and services in more than 130 countries \u2013<br \/>\nbringing hope, Helpance and compassion to people facing hardship and injustice. They are a<br \/>\nlarge and complex organisation that provide very valuable services to the community,<br \/>\nparticularly in the areas of aged care, homelessness, employment, drug and alcohol, disaster<br \/>\nrecovery and emergency relief, youth services, and family and domestic violence.<br \/>\nThe Salvation Army rely on various sources of income in order to provide their myriad of<br \/>\ncommunity services. One significant source of such income is Salvos Stores which operates a<br \/>\nnational network of opportunity shops (op shops) or thrift stores, that sell new and secondhand donated items to the public. These are physical stores and there are 352 currently in<br \/>\nAustralia.<br \/>\nChallenge:<br \/>\nBefore COVID-19 hit in early 2020, The Salvation Army were already seeing the need to<br \/>\nconsider ecommerce opportunities for their thrift stores. The advent of COVID-19 in<br \/>\nAustralia led to many changes to this key revenue-generating area of the organisation, where<br \/>\nin several states, lockdowns were imposed and other restrictions which impacted stores and<br \/>\ntheir operations. This also led to a greater urgency in the need to implement an ecommerce<br \/>\nstrategy in this area.<br \/>\nIn 2020, The Salvation Army released an updated eCommerce strategy to fast track<br \/>\neCommerce growth (see below and on Moodle). This recognised additional revenue<br \/>\nopportunities for Salvos Stores as they could capitalise off the increase in Australians<br \/>\nengaging in online shopping during this time and beyond. Another benefit of this approach is<br \/>\nthat it would allow for greater customer reach, in that customers in less resourced or remote<br \/>\nareas of Australia would have better access to quality second hand items through the<br \/>\nopportunity to purchase items online for the first time \u2013 where postage for items are charged<br \/>\nat a flat rate and heavily subsidised for these areas. A further motivation for this initiative<br \/>\nrelates to getting more people into jobs \u2013 job creation \u2013 and providing their people with better<br \/>\ndigital skills. Salvos Stores currently have 1,500 employees and 10,000 volunteers.<br \/>\nThis project ( help with nursing paper writing from experts with MSN &#038; DNP degrees) will focus specifically on Salvos Stores, and in particular, on the adoption of this<br \/>\neCommerce strategy. We will focus on their online initiatives, as per their eCommerce<br \/>\n\u00a9 Monash University. Not for resale or distribution<br \/>\nstrategy and the opportunities that an online sales channel can offer in addition to their<br \/>\nbricks-and-mortar stores. Lucas Ferrier is the eCommerce Manager for The Salvation Army<br \/>\nhas been involved in the development of this authentic student project ( help with nursing paper writing from experts with MSN &#038; DNP degrees), and he has indicated<br \/>\nthat a key challenge they face, is in determining their \u2018performance\u2019 in these initiatives.<br \/>\nParticularly in working out ways to measure, report and communicate on their social and<br \/>\nenvironmental impact to their stakeholders.<br \/>\nAs third year accounting students at Monash Business School, you have the opportunity to<br \/>\nhelp The Salvation Army. You can do this by analysing their business and developing for<br \/>\nthem a performance measurement system (balanced scorecard) that can communicate their<br \/>\nkey non-financial and financial performance metrics to their stakeholders on measures that<br \/>\nare important to the success of their eCommerce strategy in relation to Salvos Stores. In<br \/>\naddition to this, as per their Impact Report, The Salvation Army recognise the importance of<br \/>\ncommunicating their performance in ways that are both effective and sophisticated. Your<br \/>\ngroup is asked to think of two creative ways that Salvos Stores can effectively communicate<br \/>\ntheir ecommerce performance and impact to their stakeholders.<br \/>\nYour group have been tasked with preparing a report for the eCommerce Manager, Lucas<br \/>\nFerrier and the Board of Directors of The Salvation Army and Senior Managers of Salvos<br \/>\nStores. The following information will be a useful basis of your report as they provide you<br \/>\nwith the foundational knowledge of the organisation.<br \/>\no The Salvation Army website: https:\/\/www.salvationarmy.org.au\/about-us\/<br \/>\no Annual Report 2021: See Moodle<br \/>\no Impact Report 2021: See Moodle<br \/>\no eCommerce strategy (Confidential Internal Document)*<br \/>\no Case study video providing an overview of Salvos Stores online solution:<br \/>\nhttps:\/\/drive.google.com\/file\/d\/1iqjyuKaA-jzut1-<br \/>\nJAGx1v9UQrDvMffNO\/view?usp=sharing<br \/>\n\uf0b7 These documents can be accessed through the assignment tab on Moodle.<br \/>\n\uf0b7 The confidential internal documents above need to be treated with the same<br \/>\nprofessionalism and confidentiality as expected of a professional accountant. They<br \/>\nare not to be shared or uploaded to any site under any circumstance. * Please<br \/>\nalso note that the eCommerce strategy shows several key activities and initiatives,<br \/>\ngiven this it is ok for each group to focus on what they feel are the key (most<br \/>\nimportant) initiatives for the development their BSC and other requirements.<br \/>\n\uf0b7 The aim of this project ( help with nursing paper writing from experts with MSN &#038; DNP degrees) is to use your knowledge of management accounting to Help<br \/>\nSalvos Stores in the development of their performance management system<br \/>\nincorporating their new eCommerce strategy.<br \/>\nProjects that are of high quality, produce useful and relevant strategic advice, make<br \/>\na unique contribution and Help in the communication of relevant and creative ideas<br \/>\n\u00a9 Monash University. Not for resale or distribution<br \/>\nwill be shared with The Salvation Army in the aim of Helping their organisation<br \/>\nenhance their performance management. Groups will be asked for permission to<br \/>\nshare their work and those whose work is shared will receive formal<br \/>\nacknowledgement from the CE and\/or The Salvation Army on their high<br \/>\nachievement of the provision of this strategic advice. Up to 4 excellent quality<br \/>\nassignments will be chosen for this purpose.<br \/>\nTask:<br \/>\nUsing the information provided by The Salvation Army\u2019s eCommerce strategy and other<br \/>\ndocuments, your group is asked to produce a report where you design a Balanced Scorecard<br \/>\n(BSC) for Salvos Stores incorporating their eCommerce strategy.<br \/>\nIn your report clearly complete each of the requirements below:<br \/>\na. Briefly describe to the eCommerce Manager, Board of Directors and Senior<br \/>\nManagers why and how a BSC can help Salvos Stores realise their eCommerce<br \/>\nstrategy (include relevant references to the BSC literature).<br \/>\nb. In designing the BSC for Salvos Stores, indicate 4 or 5 relevant scorecard<br \/>\nPerspectives.<br \/>\nIn each Perspective indicate two main objectives for each and at least two<br \/>\nassociated financial and\/or non-financial performance measures for each<br \/>\nobjective (therefore, each perspective of the BSC should have at least 4<br \/>\nperformance measures). In doing this, pay particular attention to the<br \/>\ndevelopment of relevant social and environmental measures, the importance of<br \/>\nwhich are discussed above.<br \/>\nIn this process also think about the division of lag (output measures) and lead<br \/>\n(predictive measures\/drivers of performance) indicators while devising your<br \/>\nscorecard.<br \/>\nThis BSC should be presented as a creative visual illustration (1 page).<br \/>\nc. Following this, provide a written description of the BSC that you have<br \/>\ndeveloped for the eCommerce Manager, Board of Directors and Senior<br \/>\nManagers including a justification for each of your chosen performance<br \/>\nmeasures and an indication as to whether they are lag or lead measures (ensure<br \/>\nyou provide a very brief definition of lag and lead for the benefit of board<br \/>\nmembers).<br \/>\nd. Organisations often find it challenging to effectively communicate their<br \/>\nperformance and impact to the public and their stakeholders. We can see that<br \/>\nThe Salvation Army already adopt some effective ways to communicate what<br \/>\nthey do through story telling and through their Impact Report.<br \/>\n\u00a9 Monash University. Not for resale or distribution<br \/>\nThink about the measures that you developed in your scorecard and provide<br \/>\ntwo examples of ways in which the non-financial measures you have developed<br \/>\ncan be presented in an effective and creative way to stakeholders to convey the<br \/>\noutcomes, or performance of their eCommerce initiatives.<br \/>\nImportant Notes:<br \/>\n\uf0b7 There is one opportunity to ask for more information or clarification from Lucas Ferrier<br \/>\nwho is the eCommerce Manager for the Salvation Army<br \/>\nhttps:\/\/www.linkedin.com\/in\/lucasferrier\/ to answer any questions to Help your<br \/>\nproject ( help with nursing paper writing from experts with MSN &#038; DNP degrees). There will be a link on Moodle to post any questions for Lucas. These<br \/>\nquestions need to be posted prior to Thursday 8th of September on Moodle and<br \/>\nthe Chief Examiner of the unit (Associate Professor Carly Moulang) will forward<br \/>\nall relevant questions to Lucas to answer in a live Zoom on Friday 9th September<br \/>\n\u2013 further details and confirmation of time will be posted on Moodle closer to this<br \/>\ndate. During this Zoom students are also encouraged to ask Lucas any further<br \/>\nquestions during this time. This is an opportunity to ask any specific questions that<br \/>\ncannot be answered by a detailed review of the materials provided. These questions<br \/>\nshould Help groups with providing relevant reports. I highly encourage all students<br \/>\nto attend this special Zoom.<br \/>\n\uf0b7 You are highly encouraged to do some research on BSC and not-for-profit and social<br \/>\nperformance measures, however, be careful to use this research to inform your own<br \/>\nthoughts and group work and not to plagiarise the work of others.<br \/>\n\uf0b7 Be sure to reference appropriately throughout your report. Harvard referencing is<br \/>\nrequired. If you are not sure you may like to refer to:<br \/>\nhttps:\/\/www.monash.edu\/rlo\/home and https:\/\/www.monash.edu\/rlo\/research-writingassignments\/referencing-and-academic-integrity\/citing-and-referencing and Harvard &#8211;<br \/>\nCiting and referencing &#8211; Subject guides at Monash University<br \/>\n\uf0b7 It is important that you provide original visual illustrations within your report. It is<br \/>\nnot acceptable to copy and paste any Google images etc. into your report as this will<br \/>\ndemonstrate that you have not understood the context of the organisation and its<br \/>\noperating environment. Remember this project ( help with nursing paper writing from experts with MSN &#038; DNP degrees) is asking you to act as strategic advisers<br \/>\nto an external client, your professional reputation is an important component of your<br \/>\nwork.<br \/>\n\uf0b7 All project ( help with nursing paper writing from experts with MSN &#038; DNP degrees)s will be run through Turnitin software that will indicate the same or similar<br \/>\npieces of work.<br \/>\n\uf0b7 For report formatting refer to : https:\/\/www.monash.edu\/rlo\/assignmentsamples\/business-and-economics\/business-and-economics-report-writing You need<br \/>\nto format your project ( help with nursing paper writing from experts with MSN &#038; DNP degrees) in the form of a Business Report.<br \/>\n\uf0b7 One group member is to submit the group assignment only on behalf of the group.<br \/>\n\u00a9 Monash University. Not for resale or distribution<br \/>\nWord limit: 2,500 words for groups of 3 and 2,900 words for groups of 4*. All students are<br \/>\nto form groups of 3 in their tutorial class and groups of 4 will only occur in the instances of<br \/>\n1 or 2 remaining students without a group in each class.<br \/>\nWord count also excludes the cover page, table of contents, one-page BSC illustration and<br \/>\nreference list.<br \/>\nPenalties will apply if reports go over the word limit (there is no 10% leniency etc).<br \/>\nEvery submission needs to write their final word count on the cover page of their report<br \/>\n(less the BSC illustration, cover page, table of contents and reference section). Failure to<br \/>\ndo so will result in a penalty as indicated in the marking guide.<br \/>\nThe following guide provides an indication of how your report will be marked:<br \/>\nExcellent Good Weak Not<br \/>\nSatisfactory<br \/>\na. BSC Discussion: Consideration will be<br \/>\ngiven to the fluency of the argument for<br \/>\na BSC for Salvos Stores and the extent to<br \/>\nwhich it is convincing, consistent, wellwritten and references appropriate<br \/>\nsources and how it will help to achieve<br \/>\ntheir eCommerce strategy.<br \/>\n10 6 4 0<br \/>\nb. Illustration of BSC \u2013 the illustration is<br \/>\nclear, comprehensive and creative.<br \/>\n10 6 4 0<br \/>\nc. Identification of 4 &#8211; 5 relevant BSC<br \/>\nPerspectives and identification of 2<br \/>\nrelevant objectives for each<br \/>\nperspective ensuring the inclusion of<br \/>\nsome social and environmental<br \/>\nobjectives (8 \u2013 10 objectives in total).<br \/>\nThese perspectives and objectives can<br \/>\nbe identified in your BSC illustration as<br \/>\nper requirement b) or form part of<br \/>\nrequirement c) of your report.<br \/>\n12 8 5 0<br \/>\nd. For each objective provide a<br \/>\ndescription and justification for each of<br \/>\nthe performance measures developed<br \/>\nin the BSC (16 \u2013 20 measures in total).<br \/>\n20 12 8 0<br \/>\ne. Consideration will be given to the<br \/>\nquality and creativity of the examples<br \/>\ngenerated in the ways in which to<br \/>\neffectively present non-financial<br \/>\nmeasures to key stakeholders<br \/>\nindicating the outcomes or success of<br \/>\ntheir eCommerce strategy.<br \/>\n10 6 4 0<br \/>\nOther Requirements:<br \/>\n\u00a9 Monash University. Not for resale or distribution<br \/>\nGeneral report appearance, spelling<br \/>\netc., quality list of references,<br \/>\nadherence to word limit. Word limit<br \/>\nshown on first page of report.<br \/>\n8 5 3 0<br \/>\nGroup Assignment Total Marks \/ 70<br \/>\nScaled to a mark \/ 20<br \/>\nComments: (optional)<br \/>\nReflection and teamwork Peer<br \/>\nAssessment (Individual):<br \/>\nCompletion and submission of<br \/>\nTeamwork Peer assessment and<br \/>\nindividual reflection document.<br \/>\n(Marking guide below)<br \/>\n\/ 5<br \/>\nTeamwork assessment for group assignment*<br \/>\nPersonal<br \/>\nReflection<br \/>\nMarks Exemplary<br \/>\n5 &#8211; 6<br \/>\nSatisfactory<br \/>\n3 &#8211; 4<br \/>\nUnsatisfactory<br \/>\n0 &#8211; 2<br \/>\nComments<br \/>\nrelating to<br \/>\nlearnings from<br \/>\ngroup work<br \/>\nincluding<br \/>\ndiscussion of<br \/>\nstrengths and<br \/>\nweaknesses and<br \/>\nwhat can be<br \/>\nimproved on in<br \/>\nthe future;<br \/>\nCohesion e.g.<br \/>\naccurate, concise<br \/>\nlanguage.<br \/>\nDiscussion flows<br \/>\nlogically<br \/>\nand is of<br \/>\nappropriate<br \/>\nlength<br \/>\n\/ 6 Addressed the<br \/>\nthree main queues<br \/>\nwith ideas<br \/>\nrelevant and<br \/>\nclearly stated.<br \/>\nWork is easy to<br \/>\nread, logical and<br \/>\nflows smoothly.<br \/>\nWork<br \/>\npresentation of a<br \/>\nhigh quality and<br \/>\nspelling<br \/>\nand\/or<br \/>\ngrammatical<br \/>\nerrors virtually<br \/>\nnon-existent.<br \/>\nAddresses some<br \/>\nof the three<br \/>\nmain queues.<br \/>\nIdeas are<br \/>\nmostly relevant<br \/>\nand clearly<br \/>\nstated.<br \/>\nWork generally<br \/>\nflows smoothly<br \/>\nbut was a bit<br \/>\nbrief (or<br \/>\n\u2018wordy\u2019) in<br \/>\nplaces. Work<br \/>\npresentation is<br \/>\nsatisfactory.<br \/>\nOnly minor<br \/>\nspelling and\/or<br \/>\ngrammatical<br \/>\nerrors.<br \/>\nIdeas are<br \/>\ninadequate with<br \/>\nlogical<br \/>\ninconsistencies,<br \/>\nwriting is<br \/>\ndisjointed and<br \/>\ndoes<br \/>\nnot flow<br \/>\nsmoothly. Work<br \/>\nsuffers from<br \/>\nfrequent<br \/>\ngrammatical and<br \/>\nspelling errors.<br \/>\nNot presented<br \/>\nin a professional<br \/>\nway.<br \/>\nSelf and Peer<br \/>\nreviews<br \/>\n\/4<br \/>\nTotal<br \/>\nScaled<br \/>\n\/10<br \/>\n\/5<\/p>\n<p>*The document for this is on Moodle \u2013 it is called \u2018Teamwork assessment document\u2019; in<br \/>\nthis document you will see the three questions this marking rubric is referring to.<br \/>\nEach group member needs to complete this task and submit this document separately to<br \/>\ntheir assignment via an individual teamwork assessment link in Moodle. It is due at the same<br \/>\ntime as the group assignment.<br \/>\n\u00a9 Monash University. Not for resale or distribution<br \/>\nCopyright Warning:<br \/>\nAll materials produced for teaching this course of study, including all lectures and any supplementary materials are protected by<br \/>\ncopyright. You are permitted to use these materials only for your personal study and research. Use of the materials for any other<br \/>\npurposes, including sale of lecture notes, without the express permission of the copyright owner, may infringe copyright. The<br \/>\ncopyright owner may take action against you for infringement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ACC &amp; ACF 3200 Group Assignment The Salvation Army The Salvation Army is a well-established Christian charity that has operated in Australia for over 140\u2026<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9022,9020,9021,9023,9018,9024,7392,9019],"tags":[1400,613,142,7594,1394,7598,7595,7593,7597,7599,7601,7590,7596,133,7655,7656,7591,7592],"class_list":["post-106441","post","type-post","status-publish","format-standard","hentry","category-assessment-assignment-help","category-coursework-help","category-homework-assignment","category-homework-help","category-i-need-help","category-research-essay","category-write-a-paper","category-write-an-essay","tag-best-custom-essay-writing-services","tag-best-dissertation-writing-services-uk","tag-best-online-essay-writing-services","tag-cheap-custom-essay-writing-services","tag-custom-research-paper-writers","tag-custom-research-papers-writing-service","tag-essay-writer-websites","tag-essay-writing-service-quality-cheap","tag-free-research-paper-writing-service","tag-help-me-write-a-research-paper","tag-i-need-help-with-my-dissertation","tag-professional-dissertation-writing-service","tag-quick-essay-writing-service","tag-research-paper-writing-service-cheap","tag-service-writing-my-essay-write-custom","tag-someone-to-write-my-paper","tag-top-rated-dissertation-writing-services","tag-top-uk-dissertation-writing-services"],"_links":{"self":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/106441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/comments?post=106441"}],"version-history":[{"count":0,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/106441\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/media?parent=106441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/categories?post=106441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/tags?post=106441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}