Balanced Scorecard
For purposes of this deliverable, you are to expand (with subpoints) only the GROWTH, APPLICATION, and ANALYSIS sections of the outline. Eventually, the rest of this outline should be completed in preparation for the final Learning Journal draft (which will be in full narrative form). The content of your outline should be written in a business-writing format that is crisp and to point. Complete sentences and proper grammar should be used in the narrative form of your Learning Journal but are not necessary in this outline format.
GROWTH
Balanced Scorecard (Constructing a Balanced Scorecard, Selecting Balanced Scorecard Measures, Tying Compensation to the Balanced Scorecard, Corporate Social Responsibility Performance Measures)
i. Give examples of how your original ideas/concepts/beliefs about managerial accounting were challenged and adjusted. Growth may include:
1. New knowledge that has been learned but has yet to be applied.
2. Contrary notions that have trumped your old ideas/concepts/beliefs.
3. Reinforcements and extensions to tried-and-true ideas/concepts/beliefs that you continue to retain.
4. etc.
APPLICATION
i. Apply lessons learned in the course to your own real-world experiences/environment.
1. These applications may have already occurred in your experience, or you may point out potential applications that you are now able to foresee.
2. Go further than merely telling how a particular idea/concept/lesson would be applied.
3. In addition, give compelling reasons why this particular application is appropriate and will likely be successful.
4. etc.
ANALYSIS
a. Describe a complex managerial problem that you are attempting to solve
b. Break the complex problem down into smaller parts which can each be addressed with lessons learned in the course.
c. Demonstrate how your analytical skills developed in this course may be used to solve the various problems
d. Apply as many of the following principles of analytical thinking as possible:
• Analysis involves drawing connection among ideas.
• Key words related to analysis include: execute, implement, solve, use, demonstrate, interpret, operate, schedule, sketch.
• Analysis is a systematic approach to problem solving
• Complex problems are made simpler by separating them into more understandable elements
o This involves the identification of purposes and facts, the statement of defensible assumptions, and the formulation of conclusions
• Analytical skills involve seeing relationships, determining if-then causalities, finding evidence to support a theory, and making judgments and decisions using a set of criteria.
regards to the osmosis of pieces into lumps. Mill operator recognizes pieces and lumps of data, the differentiation being that a piece is comprised of various pieces of data. It is fascinating regards to the osmosis of pieces into lumps. Mill operator recognizes pieces and lumps of data, the differentiation being that a piece is comprised of various pieces of data. It is fascinating to take note of that while there is a limited ability to recall lumps of data, how much pieces in every one of those lumps can change broadly (Miller, 1956). Anyway it's anything but a straightforward instance of having the memorable option huge pieces right away, somewhat that as each piece turns out to be more natural, it very well may be acclimatized into a lump, which is then recollected itself. Recoding is the interaction by which individual pieces are 'recoded' and allocated to lumps. Consequently the ends that can be drawn from Miller's unique work is that, while there is an acknowledged breaking point to the quantity of pi
Sample Solution
APPLICATION
Balanced Scorecard (Representing the Balanced Scorecard, Describing the Balanced Scorecard, Translating Strategy into Action)
i. Explain how you will use/apply your new knowledge and/or skills in a professional context. Application may include:
1. Specific changes in attitude or behavior with regards to managerial accounting that have been cultivated through this course.
2. Strategies for leveraging new knowledge and skills to achieve specific goals or objectives in a professional setting.
3. Calibration of existing strategies with newly acquired insights from this course 250 words in text citation
ANALYSIS
Balanced Scorecard (Evaluating Performance, Analyzing Non-Financial Measures)
i .Discuss what implications these concepts have for societal issues such as income inequality, environmental sustainability, etc., depending on your focus area of related courses (e.g., economics). Analysis may include:
1. Examining potential positive and negative effects of the concepts from this course on wider social dynamics and business practices related to focus area courses like economics..
2. Weighing pros and cons for different stakeholders (all types of interested parties) when applying certain aspects of managerial accounting theories or ideas 3. Exploring questions about ethical responsibilities arising out of certain applications/implications of managerial accounting theories or ideas.