Your boss recently attended an accounting seminar at which the balanced scorecard was discussed. He has asked you to prepare a presentation for the next manager’s meeting about the balanced scorecard and how EEC might adopt it. In your presentation, complete the following:
- Define the elements that might be presented in a balanced scorecard
- Explain how it is used
- Make a recommendation of whether or not EEC should adopt the balanced scorecard
- If adopted, how might it improve the company?
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For this assignment the, define balance scorecard, explain how the balance scorecard is used, make a recommendation if the company should adopt the balance scorecard, and discuss how the balance card might improve the company.
MUST BE IN THE BELOW FORMAT
The assignment is to be in the following format.
I. Part 1 – Give an overview of what is going to be discussed in the memo
II. Part II Heading: Balance Scorecard Definition
III. Part III – Heading: Explanation of how Balance Scorecard is Used
IV. Part IV – Heading : Recommendation
a. Discuss a recommendation for or against use of balance scorecard, be sure and provide support for your decision.
V. Part V –Potential Improvements for Company through the Use of Balance Scorecard