The Balanced Scorecard Essay Example | Topics and Well Written Essays - 2250 words - 1

The Balanced bill - Essay ExampleThis direction is centrally provided in four dimensions which allow financial, customer, internal process and schooling and growth perspectives. SASA is an International Holdings Limited retailing group providing cosmetics. It is incorporated in Hong Kong, straightway enjoys the position of trail cosmetic provider from Asia. The success of SASA like any other business is the reflection of the effective strategical management. For continuing the practice of effective strategic management, the underlying report develops the Balance Score Card for the SASA attach to for the further organized and effective strategic management. Hence, the accounting manager of SASA presents BSC plan to the strategic management of the company. caller REVIEW Established in 1978 in Hong Kong, SASA now owns over 600 brands with 17,000 products to fulfill the customers cosmetics needs. SASA now successfully serves customers on more than 270 counters including barge in s and other options. In additional, service to customers is also provided on online platform. Euromonitor 2013 rated SASA the largest cosmetic kitchen range among the top 500 retailers of Asia and among the top ten Hong Kongs retailer groups (SASA, 2013a). ... Under this domain, Sa Sa has around 260 multi brand store and seven specific specialty store in addition to the online service. The brand Management section encompasses or so 100 brands exclusive and is only brand manager in Hong Kong (SASA, 2013a). EXTERNAL ENVIRONMENT Cosmetic attention in Hong Kong is dominated by the imports from foreign market including France (US $1.7 Bn 2012) and USA (US$ 425 Bn in 2012). Hence, market is dominated by the foreign market therefore, offers attractive capableness for growth for the brand management section of the Sa Sa. The forecasted growth for incoming of the mentioned import is 13 percent and 15 percent in 2013 and 2014 respectively. Nearly, 35 million tourists from China in 2012 l anded and offered potential to the Hong Kong market of Cosmetics and offers wide expansion opportunity to the locals businesses and foreign brands. It is important to mention, that though the potential to growth is extensive as no import duties are charged however, the market is very warlike and top ten cosmetic provided hold 70 percent of the market (Export. gov, 2013). MISSION The mission bidding of SASA clearly identifies its way of doing business. Mission identifies clearly that business concerned to work in four dimensions that include customers, employees, suppliers and overall society (SASA, 2013b). Every strategy of SASA is directed by leveraging expertise and benefits to and from these four pillars of SASA. VISSION The imagery of SASA is to develop expanded foot prints with retail value added cosmetics and professional beauty expert service provider in the global market with central focus in mainland in China (SASA, 2013b). INTERNAL STRENGTHS sagaciousness (SWOT) Sa Sa is well reputed brand of Hong Kong in cosmetics industry.