Balanced Scorecard :Performance Record Assignment
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Playbook Activity 3.4: Balanced Scorecard
The overall objective of performance measures is to motivate senior executives to make more value-increasing investments. Organizations use a balanced scorecard to determine how much weight to put on certain performance measures.
- Consider performance measures at your organization or an organization of your choice.
- Use this balanced scorecard below to strategize which goals and measures to consider when designing an executive compensation contract. Identify at least one for each category.
- Respond to these prompts after adding one goal and measure to the balanced scorecard.
- Which measure would you give the most weight based on the organization's goals and key performance indicators (KPIs)? Why?
- Which measure would you give the least weight based on the organization's goals and KPIs? Why?
- How do nonfinancial and financial metrics in an executive's overall compensation contract achieve the desired outcomes?
- Provide an example using a financial and non-financial metric from the organization.
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