Assignment #2-Costing & Performance Management
- Be complete yet succinct in your answers to the questions. Using your opening statement to answer the question and then support your answer throughout the paragraph is a good approach. Long papers do not necessarily receive more points. The objective is to state your response clearly and fully support that response.
- Critical thinking is a component of the grade. Look for facts in the course materials and outside research that will clarify and explain why your opinion is valid.
- Write in APA format. This includes a cover page and a reference page.
- Use the questions as headings.
Answer the following questions:
1. What is the connection between "activity-based costing" and profits? (To answer this question, you will first need to describe how ABC works and then show how it connects to profit.)
2. What is a "balanced scorecard" and how are companies using it?
3. Should compensation systems be linked to balanced scorecard measures? Why or why not? Give an example of a system that could be successful in internally motivating strategic alignment.
4. What is a "double-loop-learning process" and how does it apply to strategy execution?
5. Identify and describe 5 scorecard measures that would adequately measure the performance of a high tech company such as Apple. How will these scorecard measures help in the high tech industry?