Write an opinion/response/feedback on the posts mentioned in the word document. The responses should have references and also valid in-text citations (APA Format) (total 4 responses)
(These posts are posted by Professor and other students, so when you write the response please relate to their statements.
Post 1
1. Long term Goal:
“The Group’s goal is to offer attractive, safe and environmentally sound vehicles which can compete in an increasingly tough market and set world standards in their respective class.”
2.Balanced Scorecard:
Financial Perspectives:
Profit: 6.5 percent to 7.5 percent.
Operating return on Sales: 6.5 – 7.5%
Return on investment: 12-14%
Customer Perspectives:
Market penetration:
Offer affordable city cars, functional light commercial vehicles.
Inspire new customers and keep them loyal.
Internal Business Process:
Property, Plant and Equipment improvements
Learning and growth:
Employee satisfaction:
Competent and committed employees
Take on responsibility for the environment and society.
Develop sustainability as management principle
3.Balanced Scorecard effects on Manager:
Balanced score card helps manager to develop an efficient policy which leads to achieving the organizational goal.
4.Lead and Lag Measure:
Lead indicators are measures of non-financial and financial outcomes that guide management in making current decisions which yields results in the future. For example, here return on investment would be a lead indicator.
Lag indicators are results of management decisions which are made earlier. For example, here lag indicator is company’s cash flow.
Post 2
I chose Capital One.
Website of bank: https://www.capitalone.com/
1. What do you think that banks overall long-terms goals are?
Based on my research Chase banks long-term goal might be improve more services on making everything digital and to get more market and increasing the wealth and expanding the mortgage business.
2. Develop a balanced scorecard for the bank, include two to five measures in each of the scorecard’s perspective.
Financial: Advance cash flow and profitability of every plan or strategy in the Capital One company, Creating return in investments by growth by advances and aggregate deposits, Enough for liquid cash flow and get return and long-term and short-term investments.
Customer: Profits through customers on high in demand products, Customers belief and trust to increase loyalty and firm by measuring and solving customers’ needs via complaints and measure growth rate of customers in bank per month.
Internal process: To recruit and maintain eligible employees and develop a new process and strategy and achieve objective goals and develop new working environment which will help to develop more automating process and advance process in transaction which will help to increase average time for processing transactions in the firm.
Organization Captivity: In this advanced tech world, customers always focus on easy way banking everywhere, so up-to-date facilities will increase customers in the bank. Also, it should benefit employee’s growth in training and satisfaction. This will help to develop new business ideas and increase the market value of firm.
3. How would the balanced scorecard would affect the way managers develop the banks strategy?
Balance scorecard will help in providing report for both financial and non-financial growth in the bank, which will analyze performance of financial and non-financial growth, and with the results of this two factors manager will develop different ways of process to achieve company’s goal.
4. Explain the concept of lead and lag measures in the context of the scorecard you developed.
Lead and Lag are guide for management to take active actions and outcome of action that taken, here lead is the action and lag is the measurements of outcomes. Measure of financial performance growth should be always positive and improved, which will lead the guide of measuring the customers and process more growth and satisfy customer needs and increase financial measures. Here, lag measure outcome is to achieve goal of process and guidelines followed by management and lead measures.
Post 3
“Encrypt everything to ensure your information!” is a typical exhortation from information protection and security groups nowadays. In any case, there are parcel of worries about the information encryption. By and by, I am against encoding everything, except touchy information ought to consistently be Encrypted with the exception of when it is being processed*, for example utilized by an application, which requires plaintext information
Should the information be Encrypted? Assuming this is the case, what information ought to be Encrypted?
Strong user passwords or credit card data in a database in plain content is a major issue. It seems like normal that you’d encrypt that data yet very regularly it’s left all the way open or feebly Encrypted. Weak encryption isn’t much superior to no encryption. To the naked eye you can’t peruse the information, however on the off chance that the assailant can download the Encrypted information, they have a lot of time to split the encryption later on. A few organizations don’t utilize any sort of encryption when sending classified information over open and non-made sure about systems. This implies a snooper on that hotspot can block all decoded transmitted information, including passwords. There is then a likelihood that the snooper can utilize those caught accreditations to sign into the organization’s business frameworks, distributed storage or intranets. To prevent exposure of delicate corporate information to unapproved individuals in current situation, information should be made secured.
Difficulties with complete information encryption:
Probably the greatest test with automated encryption is the capacity and recovery of the mystery key which must be utilized to open the information. That solitary key must be a worth comprehensible by your product yet ought to be difficult to get to by any other individual. When utilizing solid encryption, this is the weak point.
Post 4
Encryption is the process of encoding information. This process converts the original representation of the information, known as plaintext, into an alternative form known as ciphertext. Only authorized parties can decipher a ciphertext back to plaintext and access the original information. It is one of the most popular and effective data security methods used by organizations.
Data encryption is the safest way to prevent the security breaches that occur in organizations and to protect company’s confidential data. Data encryption is easy and also important to protect digital data confidentiality as it is stored on computer systems and transmitted using the internet or other computer networks. To safeguard the security of IT systems and communications the outdated data encryption standard has been replaced by modern encryption algorithms. These algorithms provide confidentiality and drive key security initiatives such as authentication which allows the confirmation of message origin, Integrity which gives evidence that a message content has not changed since it was sent, Non-repudiation ensures that a message sender cannot deny sending the message. Most of the organizations are implementing encryption and it is becoming easier for IT pros. Knowing it’s importance will only improve it further, with data security now the highest priority.
Encryption will help individuals and organizations to prevent themselves from identity theft, cyber-fraud and the hefty price of data being lost or stolen or ransomed off. With modern-style encryption, data is transmitted and scrambled in such a way that it can only be decrypted by someone possessing the actual encryption key. It is hard for hacker to decrypt the data.