Independent study Essay Example | Topics and Well Written Essays - 8000 words

Independent study - Essay pillow slipIn todays intensely competitive business environment, the competitive advantage lies in how roaring an governing body is in linking its strategic intent and direction to its overall operations. In order to steer an organisation in its intended direction and be successful in achieving its overall objectives, correct evaluation of organisational doing is critical. Evaluating organisational performance not only provides an assessment of the current situation but also provides information for tonic action if the performance is deviating from desired levels. However the effectiveness of performance evaluation depends on whether the right things cause been evaluated. If a company has focused on evaluating the wrong aspects or neglected evaluating key aspects, which has signifi undersidet implications on its performance, then results from the evaluation process will not be complete. The intention of this independent study is to addition valuable f irst hand insight in to how theoretical knowledge on management practices can be applied in practical counterbalancetings. Balanced Score Card concept being a fairly recent management concept holds vocational value for the future career purposes, as it is set within the background of strategic management.