Preview

Florenceville Curling Club Case Study

Good Essays
Open Document
Open Document
789 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Florenceville Curling Club Case Study
The balanced scorecard provides a framework to measure organizational performance in four key areas. The four perspectives are financial, customer, process, and learning and growth. Implementing strategies in each area allows an organization to identify and improve on areas of weakness, which will help lead to future growth and long-term profitability. The Florenceville Curling Club is responsive and makes regular changes to satisfy their customers’ needs. The introduction of a balanced scorecard will help them recognize areas that need improvement and help the club to be profitable in the upcoming year.

The first area of the scorecard is the financial perspective. The club didn’t see a drastic drop in membership fees last
…show more content…
Another area that needs to be acted upon is the canteen and bar. This needs to be run by a manager that will be there to serve food and drinks during league nights and be able to closely monitor inventory levels. This will ensure that items are ordered on time and stocks of particular items will never completely diminish. Another way to increase revenue is to look for sponsorships from local businesses. These organizations can purchase signs that will be displayed around the playing surface. Having accurate and up to date financial information is important and allows the club to make management decisions with more in-depth information available.

The second area of scorecard is the customer perspective. The first issue the club can address is promoting the game of curling in general. They can do
…show more content…
The club must hire a manager to maintain the facilities and ice conditions and they must also run and have a good control of the bar and canteen area. The manager can also be in charge of setting up and disassembling special events in the hall. Developing a Board of Directors will help alleviate the “burnout” from volunteers and help distribute duties more evenly. The board can meet once every couple of weeks to discuss recent issues and vote on any decisions that must be made. This reduces the burden of one person being the ultimate decision maker on particular issues.

The final area of the scorecard is learning and growth. The board will train the club manager which will allow them to prioritize duties and ensure that expectations of the position are met. Another good idea is to network with other local clubs in towns nearby. This will help introduce ideas that other clubs have found successful in bringing new customers to their facility and also helping to increase the number of repeat customers as

You May Also Find These Documents Helpful

  • Good Essays

    In order to align its management processes, and ensure the organization as a whole is focused on the implementation of a long term strategy, the organization must ensure that they have a balanced scorecard (Kaplan & Norton, 2007). A framework is provide by the balanced scorecard to ensure the successful implementation of the company’s strategy, while simultaneously allowing the strategy to evolve in order to respond to any changes in the company’s technological, market, and competitive environments (Kaplan & Norton, 2007).…

    • 546 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Develop Sam’s Club- Begin to examine the weak areas of current operations and improve them. Also, find weaknesses in Costco’s operations (which won’t be easy) and make those areas a position of strength. Seek to shrink revenue gap between the competitors by 50%.…

    • 871 Words
    • 4 Pages
    Good Essays
  • Better Essays

    A balanced scorecard is a tool to provide management a way to bridge the gap between the organization’s strategy and vision and the operational processes used to do business. It enables the company to look at more than just the financial targets, but to include nonfinancial measures such as customer service, internal business processes and more. These intangible measures provide better focus on the organization’s long-term strategies. This paper is an attempt to analyze Frieda Fizz decision to utilize a balanced scorecard as they expand into new geographic areas. The strengths and weaknesses of each perspective are discussed along with the pros and cons of using such an approach. It is recommended that Frieda Fizz use this tool through its expansion phase, keeping in mind that whether such an approach succeeds or not depends on organizational support and continual review of its objectives and measures.…

    • 1163 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Rohm, H. (2008, January). Using the Balanced Scorecard to Align Your Organization.http://www.balancedscorecard.org. Retrieved October 17, 2011, from http://www.balancedscorecard.org/Portals/0/PDF/BalancedPerformance_Article1.pdf…

    • 4721 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Yolanda Milner

    • 294 Words
    • 2 Pages

    Ring up customers order and prepare drinks. Prepare meals and ensure that restaurant overall appearance is up to standards.…

    • 294 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Week 4 Paper

    • 827 Words
    • 4 Pages

    The Balanced Scorecard is a technique used in strategic planning and management system used comprehensively worldwide in business management, government entities and non-profit organizations to align the organizational performance to the corporate vision and its strategic goals. It is “A set of four measures directly linked to a company’s growth” (Pearce & Robinson, 2009, pp202).…

    • 827 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    As a performance measurement tool the balanced scorecard could be considered to be very successful. If executed properly in the organization then there is huge positive side for a business. It has more advantages to bigger firms where cost is less significant for implementation and can bear dip in profits for short term. The same is not possible for small businesses.…

    • 1901 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    In this paper the writer will be discussing the balanced scorecard for the Erica’s Classy Lady Company. Before going into the details of the scorecard a person must know and understand what a scorecard is. A balanced scorecard includes measures that are linked to a company’s strategy and was developed by Robert S. Kaplan and David P. Norton in order to direct a company within its long-term strategies with tangible goals and actions (Pearce & Robinson, 2009).…

    • 896 Words
    • 4 Pages
    Good Essays
  • Good Essays

    money, the members are also expected to provide protection for the club and the people…

    • 964 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Thus there is a need for balanced representation of both financial and operational measures. Kaplan and Norton have devised a balanced scorecard- a set of measures that give top managers a quick but comprehensive view of the business. The balanced scorecard consists of – a)financial measures that measure the actions already taken. b)The scorecard also contains operational measures such as customer satisfaction, internal processes and the organisation’s innovation and improvement activities. The balanced scorecard can be compared with dials and indicators in an airline cockpit.…

    • 448 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    References: Cichy, Ronald, Jaemin Cha, and Bonnie J. Knutson. "The Five Essentials Of Private Club Leadership." FIU Hospitality Review 22.2 (2004): 46-58. Hospitality & Tourism Complete. Web. 29 Oct. 2013.…

    • 1205 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    The concept, which has been supported by everyone around football, looks at the long as well as short-term health of club football and individual clubs. In particular, the objectives aim to introduce more discipline within club finances and encourage responsible spending and investment.…

    • 2288 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    The Club

    • 1144 Words
    • 5 Pages

    Attitudes towards commercialism are also explored in The Club. In the play, the Club itself is just beginning the road to commercialisation with the purchase of Geoff Hayward (the star recruit) for $90,000. However, Gerry (the administrator) and Jock’s plans for next year not only include the dropping of some Club traditions, but also extensive…

    • 1144 Words
    • 5 Pages
    Good Essays
  • Better Essays

    The two groups would have to be recreational players and junior players. Once these two groups are figured out then this company needs figure out what promotional activities they are going to have to use in order to reach both the recreational players and the junior players. When it comes to recreational players the promotional activities would be to donate equipment to less fortunate communities, giving discounts to senior citzens, and by giving free lessons. When it comes to junior players the promotional activities would be to visit schools, offer free lessons, and to donate to children sports camps. All of these promotional activities will help spread the word about Prince Sports so that more people will know about the…

    • 1073 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Firstly, the club can have better segregation duties for the checks, for example, dividing in writing checks, making bank deposits, recording, and reconciling the bank statements. Secondly, it is better for club to divide procurement representatives and accountants in indifferent parts. In fact, if procurement representatives need to make the orders, they need to provide the quotations to the accountants so that there is no problem of kickbacks. Thirdly, I suggest the club to have accounting systems for servers to record the meals and drinks which they sell every day. In addition, they need to check the money with record every day to ensure there is no mistakes for punching wrong numbers and reaching balance between money and services. Furthermore, the club needs other people to monitor the records and the money timely.…

    • 1309 Words
    • 6 Pages
    Powerful Essays