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Balance Scorecard Strategy Example

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Introduction

The Balance Scorecard (BSC) is a strategic strategy mechanism used exclusively by states, non-profit organisations, and corporations worldwide to align corporate activities with the company’s mission and vision, organise its external and internal communications, and track the success of the enterprise against its long-term objectives. The BCS, which constitutes non-financial and financial initiatives, can be used by nursery volunteers to support their long-term viability, sustainability, and poverty mitigation in the long run.

Jack (2009) explains that horticultural farming is currently approaching a cumulative amount of $98.9 billion in the USA and is ranked the third highest in the US agriculture sector. Grain farming contributes to 111.3 billion dollars, while beef farming accounts for 99.2 billion dollars a year. Horticultural cultivation does higher than mixed livestock, cotton, and wool farming. Greenhouse horticulture is expected to rise to 9.3% of the overall agricultural sector by the year 2018. Greenhouse horticulture activity contributes to an annual production of 3.5 million tonnes of agricultural produce, which accounts for 5% of agricultural production. The Total Profit of Output (GVP) generated by each employee currently accounts for $295,648 annually. A total of $9227 in the gross value of output is produced per hectare. Jack (2009) further illustrates that horticulture is the third most competitive profitable sector in the agricultural industry in terms of the Gross Value of Output (GVP) produced per hectare, led by poultry farming. From the study, it can be shown that horticulture has a tremendous opportunity for financial success that nursery volunteers can accept.

Balance Scorecard Strategy Example

Reference List
  • Niven, P. R. (2010). Balanced scorecard step-by-step maximizing performance and maintaining results. Hoboken, N.J., Wiley.
  • Brown, M. G. (2007). Beyond the balanced scorecard: improving business intelligence with analytics. New York, Productivity Press.
  • Jack, L. (2009). Benchmarking in food and farming: creating sustainable change. Farnham, England, Gower.
  • Pham-Gia, K. (2009). Balanced scorecard – solving all problems of traditional accounting systems?  Munich, Germany.
  • Hannabarger, C., Economy, P., & Buchman, F. (2013). Balanced scorecard strategy for dummies. Hoboken, N.J., John Wiley & Sons.
  • Tonchia, S., & Quagini, L. (2010). Performance measurement linking balanced scorecard to business intelligence. Berlin, Springer-Verlag.
  • Smith, R. F. (2013). Business process management and the balanced scorecard using processes as strategic drivers. Hoboken, N.J., Wiley.
  • Kammerer, M. (2009). The Balanced Scorecard – advantages and disadvantages. Munchen, Grin Verlag.

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