A Report about the Rainbow Lighting Ltd focusing on the use of Essay

A Report about the Rainbow Lighting Ltd focusing on the use of Balanced Scorecard - Essay Example Many researchers have researched about the various purposes of the balanced scorecards along with their role in enhancing the organisation’s performance. The company has to manage the strategies for its survival and growth and it can respond to the environmental changes only by operations management. It is vital for every organisation to ensure that the strategy is supported by effective business operations and systems; hence, it is important that the organisation has to ensure that proper mechanisms are in place so that everything is appropriately placed. The company needs to ensure that four of its key problems are rectified regarding the production, marketing activities, internal processes and employee satisfaction. Hence, the management of the company must strive to apply the Balanced Scorecard as identified in the report and try to implement it in the organisation. The management needs to set the short-term goals as well for the purpose of performance improvement by the i mplementation of the new system in the organisation; it should ensure that appropriate mechanisms are in place that supports the organisation in improving its performance. Introduction to Balanced Scorecard In today’s dynamic environment, it is crucial for every organisation to ensure that their performance level is measured from time to time and one of the most effective ways is to use Balanced Scorecard (Figgie et al., 2002 and McGillicuddy, 2009). The scorecard is found to have strategic importance as the card is developed in linkage with the vision and goals of the organisation and adequate awareness is created within the organisation so that every stakeholder is well-aware of the importance of its implementation in the business activities. Many researchers have researched about the various purposes of the balanced scorecards along with their role in enhancing the organisation’s performance (Lawson et al., 2003 and Mintrop and Trujilo,2005). Considering the situati on being faced by Rainbow Lighting Ltd., it has been found that the existing management of the company has been unable to increase the production and performance of the company. The sales of the company have not been increasing at an accelerating rate and the product range has been accelerating simultaneously; the product ranges of the company are classified as Alpha and Beta ranges. In the industrial sector, the company introduced bulbs by the name Everlasting Halogen Spotlight (EHS) bulb and the problems highlighted by its users created bad publicity in the market; it was reported that there was a fault in the manufacturing sector and the annual sales revenue decreased by 5%. Another problem faced by the company is that the sales order processing time is longer i.e. 21 days and the distributors are not satisfied with such longer time duration. The price of the bulbs was increased but the sales did not increase as compared to the total increase in the market. The rejection rate of the bulbs has increased from 3.6% to 5.4% and the production efficiency has decreased significantly. The

Psychology-Facial Feedback Hypothesis Experiment Replication Coursework

Psychology-Facial Feedback Hypothesis Experiment Replication - Coursework Example The two groups of five were taken into two different rooms and I briefed them on what they should do. Group A was the group that held the pens in their teeth and Group B is the group that held the pen in their lips. After a few minutes I received the results. Group B’s average rating was around 3.4 as Group A’s average rating was 4.2. However, I took an extra step, I called upon other friends and family members who have not taken the exam or know anything about the experiment. I had them repeat the test and the result were as follows: Group B’s Rating was 3.3 and Group A’s rating was 3.9. Group A had rated the strip to be funny compared to the other group which rated as average. With this I can conclude that Fritz Strack’s Hypothesis is right. This test does show that holding a pen in one’s teeth makes jokes funnier, but why? I believe that the working muscle groups can cause discomfort. When holding the pen in the teeth a person does not need much strain to keep the pen in place. Holding the pen by the lips however requires balancing and applying a firm hold with muscles that are generally weak. On the other hand, it is believed that smiling can make a person happy. Can a person holding the pen by their teeth horizontally affect his/her reaction to humor? Is there a different reaction if they hold the pen pointing out of the mouth? Possible external effects could include wallpapers. Wallpapers can be of different colors and designs. Colors are known to affect the human emotion; blue induces calm while orange induces excitement. Objects in the rooms and their states can also affect psyche. Other effects could be how the people in the groups react to humor. Some people easily find humor in simple situations and my family are of that kind. The consistency of the results could improve by conducting repeated tests on different groups. In order to pick up better results, I could have experimented to find an answer to these questions. I could