Strategic Plan for Power House Gym: A Balanced Scorecard Approach

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Strategic Plan Part III: Scorecard1Strategic Plan for Power House Gym: A Balanced Scorecard ApproachBased on the strategic plan outlined for Power House Gym, explain how the use of a balancedscorecard will help the organization meet its mission and vision. Include an analysis of thefinancial, customer, internal operations, and employee satisfaction objectives. Discuss how thesecategories work together to achieve overall business success. Your response should be between500 and 700 words.

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Strategic Plan Part III: Scorecard2Strategic Plan Part III: ScorecardNameBUS 475InstructorDateStrategic Plan Part III: ScorecardTo further analyze the strategic goals of Power House Gym, a balance scorecard will beutilized to provide insights to the mission, vision, and values of Power House Gym. What exactlyis a balance scorecard? One could say a balance scorecard is a strategic planning managementsystem used to align activities to the mission and statement of an organization. In other words ithelps organizationto collect realistic information which could be vague or pious. Power HouseGym will attempt to organize strategic objectives based on utilizing the balance scorecard.FinancialPower House Gym would have to focus on developing its competitive edgeandcontinuously attract new clients to grow and expand the company. The goal is obtain a 10%quarterlygrowthof new clients forthe organization,and increase profits bydeploying certifiedphysical fitness experts, instructors, and nutritionistthat could provide guidance to our clientsnot only about physical fitness but, an overall healthy living.In addition to having qualified orcertified employees customers of Power House Gym will also includean optionalservices suchpersonal consultation whether it is face to face or via video conferencing to increase profits.

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