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Ethics Performance Measures and Balance Scorecard 8–10 slides with speaker notes of 200–250 words per slidePart 1 (Individual Portion)Your boss recently attended an accounting seminar at which the balanced scorecard was discussed. He has asked you to prepare a presentation for the next manager’s meeting about the balanced scorecard and how EEC might adopt it. In your presentation, you should complete the following:Define the elements that might be presented in a balanced scorecard.Explain how the elements will be used.Make a recommendation of whether or not EEC should adopt the balanced scorecard.If adopted, how might it improve the company? Answer Preview…………The financial component in the organization is a very important element. This component consists of the short run and long run daily expenses and revenues (Tjader, May, Shang, Vargas, & Gao 2014). The balanced scorecard will reveal how the company handles its daily expenses. According to this component, the financial considerations will include the cost of benefits, training expenses, salaries paid t

o workers, rent, supplies, taxes, and equipment expenses. Thus, the above information can assist the Human Resource Manager to cut other additional costs that do not help in the production of goods and services. For instance, the Human Resource Manager can introduce policies that would reduce costs incurred in travel and training of the workforce. The second element of customer satisfaction is also a key to the performance of the company. There are various essential considerations in this component. The considerations include; delivery of products to customers, quick response to customer complaints, and customer satisfaction. This will determine the relation between customers and the entire company. The quality of the product and the price of the goods and services directly affect customers’ relation. Thus, a specific team in the company can carry out a survey on the satisfaction level to the customers. Hence, the company can now concentrate on areas that the customers have expressed negative feedback during the survey…………10 Slides
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