Essay
Sacha is a manager for Foto Corp., a company that sells decorative and engravable picture frames. The company has just completed its fifth year in business. Management is very pleased to learn that the company has exceeded the financial goals it outlined at the beginning of last year. This was the first year the company chose to use a balanced scorecard to help their planning and strategy efforts. Below are two sections from their completed balanced scorecard along with the actual final value of the metric for each: Use this information to answer the following questions.
a. As you evaluate the results of the balanced scorecard, how would you say Foto performed on its financial objectives, and how did it perform on its customer objectives? Provide as much detail as possible for both.
b. If a balanced scorecard was completed thoroughly, then should there be links connecting parts of the customer and financial perspectives? How well do Foto's customer objectives link or relate to its financial objectives?
c. How was Foto able to produce the results shown in the financial perspective while generating the results in the customer perspective? Is this a combination that is likely to be present in future years?
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