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Assignment for Balanced Scorecard to measure critical factors in successful implementation of strategy recommendation

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Balanced Scorecard

Perspective of finance

Objective:

             To expand the opportunity at the international level for the client.

Measures and targets:

             Increase the number of male buyers by 83.9%

             Increase the number of female buyers by 16.1%

             Increase the number under the income level of $50,000 up to 5.7%

             Increase the number between the income level of Income $50,000-$99,999 by 17.2%

             Increase the number above the income level of Income $100,000 by 77.3%

             Increase the number between 18-44 yrs. Old unto 33.2%

             Increase the number between 45-64 yrs. old. Old unto 50.6%

             Increase the number between 18-44 yrs. Old unto 16.2%

Initiative

             The right assessment of the Tesla business model

             The right understanding of the strength and the weaknesses of the company

             To find out the opportunity associated with the company

             To find the various aspects of the company and the ways the company enter the business in India

             To ensure the fact that that the company is capable of entering the Indian sub-continents understanding the business model of India and the ways the business in India functions 

Initiative

             The right assessment of the Tesla business model

             The right understanding of the strength and the weaknesses of the company

             To find out the opportunity associated with the company

             To find the various aspects of the company and the ways the company enter the business in India

             To ensure the fact that that the company is capable of entering the Indian sub-continents understanding the business model of India and the ways the business in India functions 

 

Perspective of the customers

Objective of the company

             To enhance the business in India

             To ensure the fact that the company cater to the needs and the requirements of the Indian business context.

             To understand the needs and the demands of the customer and their perspective

 

Measurement of the target

             To ensure the fact that the company is capable of measuring the target based on the three models of measurement by name Model S, Model X and Model 3.

             To ensure the fact that Model S and Model X is targeted to the age group of 45-50 years age group and model 3 is being characterised by the age group between 40-43

             To ensure the fact that the Model S and Model 3 cater to the income group within 150 to 250 thousand dollar group and the model X is being targeted to the income group of 400 thousand dollars

 

Initiative

             To make sure that that quality of the product or the services of Tesla is being enhanced

             To ensure that the company understand the quality of the product that is being needed by the clients in India

             To make sure that the company is capable of balancing the price and the quality as both the price and the quality is one of the most essential aspect from the perspective of the Indian needs

             To ensure the fact the company understands the aspects of the quality control and helps in maximizing the value for money for the brand

 

Perspective from the internal point of view of the company

Objective

             Quality control is one of the most important factors that needs to be considered for the purpose of increase of the sales

             Aspects of quality control would help in the enhancement of the business of the company

             It is important to ensure the fact that the company is capable of balancing the aspects of quality standards while ensuring the fact that the aspect of pricing is also being maintained

             It is important to cater to the need of the Indian customers for the purpose of expansion to the India market

 

Measurement

             To achieve the quality control by increase in the 15% of the success on the quality control parameter and to ensure the fact that the 15% increase is being standardised

             To achieve the quality control and implement the same on a monthly basis assessment to measure the growth of the products and the services of the company.

 

Initiative

             To understand the different parameters of the of the quality control and study the various aspects of the quality control

             To understand the ways the quality control parameters can be implemented to Tesla.

             To ensure the fact that the company is capable of implementing the quality control mechanism at the most cost-effective method.

             To ensure the fact that the quality control is being considered to be one of the major priorities of the organisation and the balancing of the aspects of the quality to be extremely important.

             The implementation of the quality control initiative in a way that the quality control helps in the achievement of the success of the brand in the Indian context

 

From the perspective of learning and development of the company

 

Objective

             Learning the business in the Indian perspective and Indian context

             Learning the various aspects of the business entry in the Indian context

             Learning the strength and the weakness of entering the business in the Indian context

             Learning the various options available for the company to enter the business in India

 

Measurement and targets

             Achievement of the certifications and the qualification for the maintenance of the quality control

             Training or recruiting employees who would ensure the fact that the company is capable of company is capable of striking the right balance when it comes to the measurement of the quality for the brand

 

Initiative

             Training the individual employee of the company to be successful in the entry and the performance of the company in Indian context

             Understanding the ways, the company can enter the business and recruiting the individuals who are already trained.

             Letting the employees of the company take the quality management courses and being funded by the company itself to ensure that the company is capable of nurturing the best of the employee in the coming years

             To ensure that new employees being hired by the company is based on the quality of the quality management perspective


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