A business strategy is important to a firm as it defines the direction of the business and the necessary steps needed to achieve the set targets. As such, it indicates the current performance of the business; its capabilities and the said competences are enough to stimulate growth. A balanced scored emphasizes the cause and effect linkages that describe hypothesis of the strategy (“Transforming the balanced”). Furthermore, it offers a basis for consolidating strategic objectives into the financial, customer, internal business processes, as well as learning and growth tactics (“The balanced scorecard”). It also tracks all the elements that a company considers important in the set strategy.
Companies utilize a strategy map to provide clarity to employees on the vision and mission of the organization. A strategy map is a powerful new tool built on the balanced scorecard that enhances collaboration and coordination between employees as it puts into focus the corporate strategy (Hanson, et al. 111). In business, an objective refers to the steps taken by a company to achieve the desired strategy of the company (Keay 9). A business metric is a quantifiable measure that helps in tracking and assessing the progress of the initiatives taken by a business. Monitoring of the specific performance metrics helps the business in making the right adjustments (Klubeck 16). A successful initiative guides employees on how to attain the business strategy.
A strategy map shows how an organization will translate its inventiveness and possessions into tangible results. An effective business strategy is one in which the objectives, metrics, and initiatives works in unison. Initiatives are important to achieve strategy goals as they guide workers on the direction the organization wants to take. Furthermore, good initiatives lead to a successful strategy. The strategy map makes it clear to all workers that achieving the strategic goals requires the coordination of all the elements (“Having Trouble”). After identifying the most effective strategy, the company can go ahead and come up with an action plan that assists in developing the relevant metrics to monitor the strategy implementation. The strategy map provides a simple, clean visual representation that employees can easily use as a point of reference. As such, employees get a clear goal to keep in mind while accomplishing assigned tasks.
The stocks of the Delta /signal corporation are declining and the revenue received is dropping far much below the previous years. Competing firms are gaining the company’s market share as it fails in maintaining customer loyalty. The company is unable to compete with other firms as it produces products that do not meet the needs of the international market. The current CEO argues that the company lacks a clear, concise set of goals (Narayanan, Lisa and Matthew, 1). The balanced scorecard helped in solving the problems facing the Delta Corporation. First, Delta Corporation interpreted the existing mission statement on customer service to specific issues that are important to clients. It helped the firm to pay attention to important internal processes in an attempt to satisfy customer needs. The company had to make continual improvement to the existing products to come up with completely new products with expanded abilities.
The strategy chosen for Delta/Signal Corporation is the customer integration model. Typically, the model suggests that a firm can increase their profitability by either using a cost leadership strategy or product differentiation strategy. Cost leadership strategy focuses on producing goods that are cheaper compared to those from competitors and the latter focuses on producing customized goods which clients are willing to pay premium price (Hanson, et al). I choose the strategy as my goal as satisfying customers creates a ripple effect. Furthermore, contented customers will be loyal to the company and encourage friends and family members to purchase from Delta/Signal Corporation; thus increasing sales and regaining of the share market value.
There was a need to identify the efficient initiatives that impact the customer integration strategy directly and links to the objectives. The company will have to start producing durable and high-quality products that are free from defects. It will be important to provide great customer service, which is essential in encouraging clients’ loyalty. Another objective will be to align the company goals with strategic customer objectives. Allowing clients to enter into a contract with price protection will be a great initiative towards attaining set goals. Moreover, sharing balance scorecard objectives with strategic customers will improve customer satisfaction.
The best way of analyzing results during and after the simulation is by interpreting the charts and metrics graphs. A person can see the existing relationship between the objectives and initiatives at a glance from the graphs. As such, the results give a clear revelation of how the strategy would perform if implemented in a real situation. The initiatives relate to the strategy and model as the results indicate that they will yield the expected outcomes and propel the company towards achieving the set goals. The proposed initiatives are in-line with the organizations vision.
I used the tangible and intangible resources to generate competencies and complete the managerial responsibilities needed to distribute, produce, and service goods to create value for the customers. Combining the unique store designs with knowledgeable and skilled employees helped provide superior quality to customers. Other activities included controlling how employees interact with customers and providing training to the workers occupied the customer support. I combined the financial resources and the engineers to come up with innovative and creative car designs that meet the needs of the targeted consumers.
To increase the competitive advantage of the corporation, I have to analyze internal and external organization of the firm. Internal resources can help a company to increase its competencies through which it successfully implements an international strategy. Individual firms possess unique resources and capabilities, which give them an edge over their competitors. As such, understanding the full segment of the external organization will help the company deal with uncertainty and achieve strategic competitiveness (Hanson, et al. 111). A balanced scorecard helps the organization to identify the effectiveness of the strategic and financial controls.
Hanson, Dallas, et al. Strategic Management: Competitiveness and Globalisation. 2013.
Kaplan, R. S., and D. P. Norton. “Having Trouble with Your Strategy? Then Map It.” Harvard Business Review, 1 Sept. 2000, hbr.org/2000/09/having-trouble-with-your-strategy-then-map-it.
Keay, Andrew. The Corporate Objective. , 2011. Internet resource.
Klubeck, Martin. Metrics: How to Improve Key Business Results. Berkeley, CA: Apress, 2011. Internet resource.
Kaplan, Robert S., and David P. Norton. “Transforming the balanced scorecard from performance measurement to strategic management: Part I.” Accounting horizons 15.1 (2001): 87-104.
Tired of Guidelines or Lack Time to Work on Your Paper, Get Original Custom Research Paper Writing Service
Thecustomwriting.com research paper writing service has saved thousands of students from stressful college life. Writing a custom research paper may be challenging, considering it has to be plagiarism-free. And it is better not to do your project than to hand in plagiarized work or hurriedly complete it if you do not have time.
Academic integrity is so vital that you may get a suspension or an expulsion because of a copy-pasted work. Writing a custom research paper requires research and writing skills to produce original content. Here are essential things to know about getting the best and legit assignments help websites.
Perfection is vital
Every website will promise you that they produce high-quality work. However, you put your money for your end-of-semester paper only to get a pass. You must learn how to identify the best writing service before committing.
Thecustomwriting.com produces quality content at all times. Rather than a quality promise, quality assurance is what you should consider before hiring a research writer. Best writing services are reliable. You don't want to partner with a cheap research paper writing service that will deliver poorly written essays hours after the due date.
Quality writers are part of the best writing service. A company that has untrained writers will fail you. Before committing, ensure that the people who will write your paper are academicians and professionals. It would help if you had a writer who will be prompt to respond to your questions and follow instructions. Writers who do not fear to ask for clarification where they don't understand are the best for you.
Beware of Scammers Posing to Provide Custom Research Paper Writing Service
It may take time and effort to find a legit custom research paper writing service. Most of the websites claiming to offer writing service trades your paper with another student. For example, if you order your paper today to submit it next week, you may find that another student has already handed over the same document.
Your money is gone, you have no paper to submit, and the deadline is in two hours. You can only sit and cook up some stories for your lecturer. Otherwise, wait for a penalty or suspension.
Others will give you half-baked papers in the name of cheap essays. Apart from reselling your paper, some companies will offer you copy-pasted work. If you don't have tools such as Turnitin or Copyscape to check plagiarism, you may find yourself in the dean's office explaining why you copied your work from the internet word-to-word.
We offer one of the best research paper writing services in the USA and the U.K.
You won’t regret choosing Thecustomwriting.com to handle your research. Your project is an essential part of your academic work. It determines whether you will move on to the next semester or if your name will appear on the graduation list. Do not gamble your education by hiring any cheap essay writing website you find on the internet. Look for a custom research paper writing service reviews before commit.
Avoid scandals by hiring Thecustomwriting.com. Count yourself lucky if you are reading this article. You are in the right direction in finding the writing service for your paper. Though many websites could have frustrated you, Thecustomwriting.com is committed to providing you with reliable service for your paper.
Thecustomwriting.com offers quality services at affordable prices, and they deliver your work on time. They have native English writers that write your paper using the correct language.
Plagiarism Free Custom Research Paper Writing Service
Our writers understand the seriousness of writing plagiarized papers. Every institution has regulations that govern how a research project is conducted. Universities and colleges take plagiarism as gross misconduct. The best writing services are those that will deliver plagiarism-free papers.
Plagiarism involves, among others, copying a published work and delivering it to your lecturer as your own without acknowledging the sources.
Another way your work can be plagiarized is the failure to include the source of your content in a research paper. If you are using someone's thought, you need to include a reference and in-text citations to show that you are using another scholars' worker.
It's a gross mistake to write a five-page paper without a single source unless the paper's nature does not require you to rely on any sources. Here are some tips our writers use to avoid accidental plagiarism:
Cite direct quotes, statistics, and paraphrased content.
Ensure that all in-text citations are included in the biography and vice versa.
Directly quoting not more than 2% of the paper, if quoting is necessary (some papers are exempted from this rule, especially literature).
Stick to high authority, scholarly sources. Our writers will hardly paraphrase content from third party blogs and other questionable sites.
Consider Buying A Custom Research Paper from Thecustomwriting.Com
Consider hiring an expert essay writer if you are not sure about your capabilities. Referencing and citations can be challenging, especially if you try to do it for the first time. It's even harder when your lecturer asks you to use a hard referencing style. For example, Harvard requires you to include page numbers, dates, and the author's name in the text. If you have several papers with a strict deadline, you should consider hiring a custom research paper writing service to help you work on your essays.
However, ensure the website you want to hire offers legit writing service. A good website should at least charge for its services. You will find many websites willing to provide you with free services. No one is that idle to sit and write a paper for free. Sites that provide free or cheap services hooks you when you least expect.
Also, consider the price of writing a paper. Though cheap essays are of low quality, other sites may have inflated prices for their rate, making you needlessly break your bank.
Thecustomwriting.com understands the need for a fair and reasonable price for most students. We know that most students need service, but they do not have enough resources. We, therefore, offer quality service that you can afford.
Benefits of using custom research paper writing service
If this is your first time considering using a custom writing service, the first thing is to know why taking such an action is the best. Choosing Thecustomwriting.com ensures professional writers handle your paper. Letting a qualified person handle your project can boost your grade. You cannot afford to fail in the upcoming end-of-semester project. In any case, your progress to the next level will be determined by how well you perform in your essay.
Thecustomwriting.com ensures the timely delivery of your work. The good thing about legit essay writers is that they can write your essay within the shortest time possible, with one page taking up to one hour at most. It doesn't matter what time you want your work done: Thecustomwriting.com is always ready for a task.
We will give you a paper written explicitly for you. We will ensure that your paper is not delivered to someone else.
Come to think of this; if five of your classmates decide to order an essay for the same class, five writers will be assigned to work on different papers instead of paraphrasing one paper and sending it to five of you.
Frequently Asked Questions (FAQ)
It's our responsibility to ensure that someone from your field handles your paper. Our company has enough writers from every discipline. We provide only a research writer qualified in your subject to handle your paper. After placing an order, the first step is to screen the question and requirement and match it with the best writer. The less qualified writer has a college diploma, and they only handle high school papers. All other writers are bachelor, masters, and PhD degree holders.
We commit to quality content. We understand that failure to deliver quality service will result in the loss of clients. Therefore, we only hire qualified writers who have an in-depth understanding of your paper. Whether you want quantitative research done using Chi-square or qualitative research, Thecustomwriting.com’s writers will comfortably handle any discipline or type of paper. Besides, we offer research paper service from college to PhD. Therefore, we cannot afford to have unqualified writers. Our researchers take every instruction keenly when writing your essay.
There is nothing to worry about placing your order. Our platform has a simple, user-friendly interface that enables you to navigate to different functionalities with ease. We offer quality custom research paper writing services; thus, you don't have to worry about getting value for your money. Besides, you can track your order's progress. Our system progressively send you email notifications regarding every stage of your orders' progress; thus, you don't even have to log in to track down your order. You will also see the progress on the dashboard when you log in. Moreover, our support team will contact you when the writer needs any clarification.
Our system is designed in such a way that it allows you to communicate with your writer directly. We understand the need to clarify things yourself to the writer. Furthermore, our support team is available 24 hours to ensure that urgent matters are communicated swiftly with the writer.
The answer is yes. We value your efforts and trust to recommend us to your friends. We will offer you a discount on your next order if a client mentions your email when placing an order.
What guarantees should customers look for?
We have a written list of what we guarantee our clients in our terms. We guarantee the quality, confidentiality, free revision, original content, and timely delivery. We also guarantee money-back if, in the unlikely event, you are not happy with the quality of the paper.
What makes a reliable writing company?
It's easy to know a reputable company. First, they are transparent about their services. They offer multiple methods of communication and have qualified writers. Most importantly, they deliver your work on time, deliver original content, and honour what they have guaranteed.
Why should customers not opt for cheap essay writing services?
Cheap essay services will only waste your time. They have foreign writers who will produce plagiarized content full of grammar errors. You will waste your precious time waiting for a paper that you can't give your lecturer.
Is buying essays online safe?
It's safe to buy your essay if you take the right precaution. Before putting your money on a strange site, explore the website to see whether you will get customer reviews. They will help you make the right decision.
How do I hire someone to write an essay for me?
These are common questions with most clients. It's effortless to get a professional writer. The first step is to identify a custom research paper writing service that is legit and sign up. After that, they will guide you on how to place your order and get a writer. Some companies will allow you to choose a writer for yourself or choose a writer for you.
What types of writing services can I order online?
Our website offers a variety of legit essay services. We provide any academic assistance, including research projects, assignments, and admission letters. Visit our website to see what each service entails.
What benefits and additional features do Thecustomwriting.com services offer?
We offer several free services to our customers. We offer free revision, a discount on your first order, and free pages such as references and cover pages. Also, we have a quality control department that ensures that all papers are of high quality before delivering them to you.
Do websites maintain your privacy? Are orders secured?
Your privacy is our top priority. You will be recognized by your I.D. assigned to you after signup instead of your name. The only person who can access your account is you or anyone else you give your password. Your payment is through a third party. Therefore, your personal information will never reach our site without your consent.
What are the pros of ordering from custom writing services?
You get quality papers. We have writers with decades of experience delivering quality papers worth the client's money and much more. We understand your power to influence our progress. Your paper will be delivered on time and written by professional writers.
Hire a professional writer
Now that you know what to look for when considering the custom research paper writing services, it's time to try us. Sign up and get a discount on your first order. You don't have to worry about quality, timely delivery, and price. We know they are essential to you.