Case Study Analysis and Solutions

Simulation ID: 114701

Abstract:
Simulation Solution for Strategy Simulation: The Balanced Scorecard by V.G. Narayanan
In this multi-player simulation, students experience the benefits and challenges of using a scorecard to implement strategic initiatives and monitor firm performance. Small teams of students work together to choose a strategy for their company, create a strategy map, develop a balanced scorecard, choose initiatives to implement their strategy, and use feedback from the balanced scorecard to adjust their implementation approach over a series of 8 rounds. At the conclusion of the simulation, each team's company will be purchased by a private investor. The goal of the simulation is to maximize firm value at the time of buyout-the buyout price being based on the company's financial position and future prospects. Strategy Simulation: The Balanced Scorecard is designed as a multi-player experience but can also be played as a single-player. Instructors have the option of allowing students to play practice rounds and assigning certain teams to a "control group."

Keywords:
Balanced scorecard, Budgeting, Execution, Implementing strategy, Management accounting, Performance measurement, Strategic alignment, Strategy formulation, Strategy management, Strategy maps, Strategy Simulation The Balanced Scorecard Solution

Click Here to place your order

OR

Contact us directly at ordercasesolutions@gmail.com if you want to solve the above simulation.