I am looking for some help with only questions number 3 and 4 of the attached word document:
Nova Southeastern University ?H. Wayne Huizenga School ?of Business & Entrepreneurship Assignment for Course:?ACT 5060??Submitted to:?Dr. Andrew Felo??Submitted by:?Nikolas Pugatchenko??????3350 Emerald Pointe Dr, 201A Hollywood, FL 33021???(815) 213 0182?????Date of Submission: 7/28/2014 Title of Assignment: HW #2 Chat #2 Assignment ?CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student’s Signature: Nikolas Pugatchenko___________________________ ***************************************************************** Instructor’s Grade on Assignment: Instructor’s Comments: Homework #2: Chat #2 1) Assume the CFO of your organization approaches you to ask your advice about implementing the Balanced Scorecard at your organization. What steps would you encourage him or her to take in order to successfully implement and use the Scorecard to manage the organization? Be sure to describe any roadblocks to be avoided. *On a broad level I would inform the CFO that a Balanced Scorecard is a serious strategic initiative. It is not simply a “dashboard” and it goes beyond simple metrics. Additionally, the metrics are linked in a cause and effect manner. In contrast to many financial accounting methods, the ultimate goal of the Balanced Scorecard is for management to be able to look forward and is for an organization’s internal use. Management must also take into consideration the behavioral consequences that the Scorecard will have for the organization’s employees. A Balanced Scorecard uses a strategy map to show cause and effect relationships between metrics. The Balanced Scorecard has four main areas. The first is the financial perspective, which…
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ACT5060 HW2 P….docx