Planning for Business Success Using Integrative Thinking and Balanced Scorecards (475 words)

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Planning for Business Success Using Integrative Thinking and Balanced Scorecards
In your first week of the team business simulation you have started making decisions on the simulation by organizing the firm. This first quarter sets up the foundation for the rest of the game and will require integrated thinking skills to be successful.

In your readings for this week you learned about integrative thinking in Martin, R. L. (2007). The opposable mind: How successful leaders win through integrative thinking. You have also learned about the balanced scorecard, a version of which is used to evaluate performance in the Marketplace Simulation. In this Discussion respond to the following:

Provide an overview of the Balanced Scorecard using the readings from this week, the additional resources in Extra! Extra! and other sources you uncover in your research.
Provide an overview of integrative thinking using Martin’s work and other sources you uncover in your research.
Discuss how the integrative thinking model can be used to increase the effectiveness of the data you receive via the Balanced Scorecard.
Talk about how you are going to recommend integrating this information into the team process. Identify one personal goal for your development plan on how you will integrate this new knowledge.

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Planning for Business Success Using Integrative Thinking and Balanced Scorecards
The balanced scorecard is an extensively used strategic planning and management system which enables organizations to align their business activities with their vision and strategy. This system is used by different organizations ranging from for profit businesses, non-profit entities and even governments because of its effectiveness in enabling organizations to monitor performance, and improve communication both...

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