For many years, Tesco(1) used a balanced scorecard called the Steering Wheel to

Do you need this or any other assignment done for you from scratch?

We assure you a quality paper that is 100% free from plagiarism and AI.

You can choose either format of your choice ( Apa, Mla, Havard, Chicago, or any other)

NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.

NB: All your data is kept safe from the public.

For many years, Tesco(1) used a balanced scorecard called the Steering Wheel to measure and manage the performance of the organisation.
However, in 2013 Tesco reported a 23.5% fall in half year profits(2):
Subsequently, Tesco has stopped using the Steering Wheel and now uses a “Big 6 KPIs” strategy.
Discuss why Tesco may have switched their approach away from using the balanced score-card to measure and manage its overall performance, and how the new strategy may be utilised or improved to enhance future business performance.
Write in report format and any supporting diagrams or tables should be placed in the appendix. Relevant research material and references should be applied to underpin your analysis.
(1) https://www.tescoplc.com/investors/
(2) https://www.bbc.com/news/business-24361465
ReadingMcLaney, E. & Atrill, P. (2023) Accounting and Finance: An Introduction. 11th ed. London: Pearson.
Chapter 10

Click Here To Order Now!