Best Practice Term Papers Samples For Students

1. Balanced Scorecard Approach and its Perspectives
Balanced Scorecard (BSC) is a radical way of appraising organizational performance and the concept was officially unveiled in the year 1992 by Robert Kaplan and David Norton. BSC, born in the Harvard Business School, was a radical concept at its time. Prior to the origination of BSC, only financial measures were used for organizational performance evaluation. However, BSC was the first concept ever which went beyond pure financial measures for evaluating an organization’s performance. This concept was the first to use a holistic approach toward performance evaluation of organizations as also using indictors ...

Businesses are entities that are initiated with an aim of generating profits. However, the objectives of various businesses changes depending on the owners. Businesses owned by the government may have other objectives apart from maximizing profits. Some businesses may also be started with an aim of utilizing the available resources. However, most of the businesses are started mainly to ensure that the wealth of the owners are maximized. This is through investing in profitable projects that result in the highest profits. All other activities are carried out with an aim of ensuring that the businesses survive in the market ...

Introduction

The current business environment has created a tough competition among companies each struggles to appear in top ten of the best-practice companies. The Financial Economics uses several factors in determining the suitability of an organization to be ranked among the best practice companies. On the other hand, the best-practice companies share some similarities, and also there are some differences in their operations. A company becomes recognized for its best practices based on the amount of revenues in the respective fiscal year. In addition, the classification is based on the market value that determines the company’s share price as a product ...