Balanced Scorecard Implementation Essay Example | Topics and Well Written Essays - 5500 words

Balanced Scorecard Implementation - Essay Example Secondly the study has discovered the existence of a negative correlation between the four elements - financial, customer, internal business processes and, learning and growth - of the BSC framework and effective development and integration of information systems as determined by costs. Thus this study is particularly influenced by the relevance or irrelevance of establishing a contingency convergent/divergent theoretical and conceptual model on the relative significance of the existing frameworks for analysis of the BSC framework and ERP environment related endogenous and exogenous variables that have a primary and an immediate impact on learning outcomes such as the need for flexible and cost-effective information systems. Enterprise Resource Planning (ERP) environment of the modern business organization is determined by three fundamental characteristics. They are material requirements planning (MRP), Computer Integrated Manufacturing (CIM) and digital information systems (DIS) (Esteves, & Pastor, J2001). Thus the ERP environment of the business organization is all about information systems and their design and implementation by using the Balanced Scorecard (BSC) framework. The BSC framework on the other hand consists of four distinct but integral elements, i.e. financial management, customer related perspectives, internal business processes and, learning and growth (Kalpan & Norton 1992). In order for the organization to successfully adopt measures related to BSC performance, the organization would have to adopt ERP measures simultaneously so that the former can be more effective. For instance ERP environment has comparative advantages directly related to BSC framework. Organizations that adopt BSC f ramework as a strategic measure to achieve positive organizational outcomes are compelled to adopt comparatively better MRP, CIM and/or DIS policies. This is determined by competition.Thus the internal corporate environment of the organization is extensively determined by the BSC framework because the above constraint/advantage has a direct impact on the four main elements and their respective sub-elements in the BSC framework. This in turn can be assumed to present a structural and componential framework for reference in establishing a set of paradigms or standards in the examination of ERP systems for effective adoption of information systems in the organization. The consistent need for such effective and flexible information systems and sub-structures thereof has been emphasized time and again by researchers and analysts thus focusing attention on the far reaching consequences of design and implementation of such information systems. The organizational setting requires such ERP m easures to be evaluated in advance for their degree of convergence

Contract law as practiced in Europe Case Study Example | Topics and Well Written Essays - 1500 words

Contract law as practiced in Europe - Case Study Example The aim of this letter is to examine whether your wife has a chance of getting a favourable settlement in court if she decides to take legal action against you after all. The issue here is whether Penny's case will succeed if brought to court. In other words, will the case find you, Max Power, liable of paying Penny the money that you owe her for support for the past six months This is given the fact that the two of you are still legally married under the Irish Family Law Act 1995 and you having promised to support your wife who is unable to work because of the work place accident that she had five years ago. These are the questions I, as your legal adviser, will be trying to answer in this letter. As to whether Penny's case will succeed if it comes before any Irish family court, I strongly believe that your wife stands a higher chance of convincing the judge to force you to clear the outstanding balance and to continue paying her the monthly allowances. This is if she accuses you on other grounds apart from the current grounds of ostensibly breaking a contract. However, since she has opted to sue you for breaking a contract, I believe that her case does not stand a chance in a court of law in England. This is because there is no legal document that exists showing that the two of you entered in any form of contract. ... 3 In June 2008, you left for Dubai and left your wife alone at home 4 You verbally agreed to pay Penny support allowances of $1500 verbally and you did so for six months 5 In January 2009, you met Stacey Floodgates and soon took her in as your partner 6 Since January 2009, you defaulted on paying Penny her monthly allowances 7 Five years ago, Penny had an accident which left her unable to work, and so she had been relying on her husband's support payments for upkeep 8 The reason why Penny is suing you is because she believes that the contract between the two of you, though verbal, was binding Rule Statement and Rule Synthesis For a contract to be binding under the European code of conduct, there are some requirements that it has to meet. These are generally referred to as "the three c's" (Gordley, 2008). The first is the cause, whereby a reason should have emerged that required for the drafting of the contract (Gordley, 2008). The second is consideration. This is whereby the two parties must have identified the form of contract that is best to enter into to given their circumstances. The third and most important aspect of a contract in our case here is the consent (Gordley, 2008). This is an indication that the parties went through the contract and agreed to abide by the terms provided for there. This consent is indicated in form of a signature that is appended by both parties in the contract. Without a signature, leave alone without the written document, the contract is null and void, and nobody can be accused of breaching it. The only exception whereby an actual signature is not needed on the document is when the contract is done online (Orlando, 2009). But even these form of contracts, under the Irish law that governs electronic contracts,