The paper "Paraway’ s Sustainable Strategic Balanced Score Card" is a perfect example of a finance and accounting case study. With the increasing advocacy for sustainability, many companies are increasingly incorporating sustainability into traditional business strategies. This is because companies have noted that by being sustainable, it is becoming easier to attain their strategies than ever before. One way of incorporating sustainability into the company’ s overall strategy is through the strategic map as well as through the sustainable balanced scorecard. As such, this report presents Paraway Pastoral Company’ s strategic map as well as the sustainable balanced scorecard.
The report starts with a brief explanation of what a strategic map is as well as its use to the company before presenting the company’ s strategic map that has six perspectives including financial, customers, internal processes, learning and growth, non-market well as environmental perspectives. The strategy map has 21 objectives that cover the perspectives and these have been explained in the report. The report then presents the company’ s sustainable balanced scorecard that has five pillars including the financial, customers, internal processes, and the sustainability perspective that incorporates environmental and social sustainability strategy for the company.
The report also explains the indicators that will measure the achievement of the company’ s sustainability objectives as well as the justification for the choice of the indicators. Finally, the report analyses the impact that the chosen indicators are expected to have on the company’ s overall strategy. It is hoped that by putting into action the strategy map and the sustainable balanced scorecard, the company stands to achieve its overall objectives and hence become a more profitable company’ . Paraway Pastoral Company Limited Introduction In the previous report, the essence of sustainability reporting for the company was laid down.
Although companies have traditionally failed to give enough weight to sustainability, companies that act responsibly stand to achieve their traditional objectives more easily than those who do not consider sustainability to be an integral part of their operations.
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