Essay on Locke vs Marx - 1181 Words

Karl Marx and John Locke both formulated philosophical theories that worked to convince people of their rights to freedom and power; however, they had conflicting viewpoints on the idea of private property. Locke felt that property belonged to whoever put their labor into it, and one could accumulate as much property as he or she wants (692). Marx, however, considered the private property of the select few who possessed it to be the product of the exploitation of the working class (1118). Personally, I believe that Locke’s conception of private property is more convincing than Marx’s point of view. In Locke’s Second Treatise of Government, he defines his view of private property. He states that the earth belongs to all men in common,†¦show more content†¦Locke argues that since money has little value besides for the value that men give it, men, by accepting the use of money, have â€Å"agreed to a disproportionate and unequal passion of the earth, they have, by a tacit and voluntary consent, found a way how a man may fairly possess more land than he himself can use the product of† (698). Locke places high value on property. He says that human beings are born with a natural right to preserve their own property, that is, their life, liberty, and estate. He also says that the preservation of property is the number one reason people enter into a civil society. A civil society is there to protect the natural rights of humans, which is the preservation of their private property (707). According to Marx, â€Å"bourgeois private property is the final and most complete expression of the system of producing and appropriating products, that is based on class antagonisms, on the exploitation of the few by the many† (Manifesto of the Communist Party 1118). He says that the validity of private property is presupposed in a capitalist economy. However, a capitalist economy actually splits human beings into two classes: the bourgeoisie, or the proprietors, and the proletariat, or the wage-laborers. Marx also says bourgeois private property is created because of the alienation of the wage-laborers. He says that one way that the wage-laborers are alienated is from their product of their labor, since theShow MoreRelatedMarx Vs. Locke1476 Words   |  6 Pagesï » ¿Marx vs. Locke Work is something we do on a regular basis, it’s what gets us through our day and makes us who we are. In class, we discussed two authors who had a viewpoint on the idea of work. Rousseau and Marx express their opinions of the theory of work in their own writings. In Karl Marx’s reading called The Communist Manifesto he explains the differences and similarities between the bourgeoisie and the proletariat people. In Rousseau’s reading called Discourse on the Origins of InequalityRead MoreLocke vs. Marx: Views on Property Rights1466 Words   |  6 PagesJohn Locke and Karl Marx, two of the most renowned political philosophers, had many contrasting views when it came the field of political philosophy. Most notably, private property rights ranked high among the plethora of disparities between these two individuals. The main issue at hand was whether or not private property was a natural right. Locke firmly believed that private property was an inherent right, wherea s Marx argued otherwise. This essay will examine the views of both Locke and Marx onRead MoreHobbes Vs. Marx On Government s First Duty1038 Words   |  5 PagesHurless Mrs. Sauter World History – Block G 15 December 2014 Topic #1 – Hobbes vs. Locke vs. Marx â€Å"Government’s first duty is to protect the people, not run their lives,† said Ronald Reagan. Some political philosophies like John Locke would agree to this statement, while other, like Thomas Hobbes would not, and some will both agree and disagree, like Karl Marx. You will come to learn why the â€Å"social contract† of John Locke is the best through the review of all three philosophers main ideas on governmentRead MoreInternational Law Regulates The Law And Rules Between Multiple States1500 Words   |  6 Pagesindividuals and does not involve the state. It aims to right all wrongs with outcomes commonly linked to compensation. Criminal law is someone causing an offence against the state. The defendant is brought to the court in the name of the crown (Regina vs x). Classification of criminal law can change between countries and over time. Question 2 a) There are three theories that are very useful in helping explain the role of law in society. For survival is one theory. Law is required for everyone toRead MoreEssay about European Expansion Moves to the New World1653 Words   |  7 PagesThus in the beginning all the World was America. Interestingly, the development of Lockes ideas of property and money came at a time when Europeans expansion into the New World was just beginning to take hold (source). The very definition of economic imperialism is that countries expand their territories to collect resources in order to garner economic profit. The more robust economies tend to become the most powerful nations, and so the control of resources is sought out in order to monopolize bothRead MoreThe Battle of European Socialism vs. American Capitalism2286 Words   |  10 Pagesï » ¿ â€Å"The Battle of European Socialism vs. American Capitalism† Let the battle begin, on the left we have European Socialism and on the right we have American Capitalism! Round One: What is Capitalism? Capitalism is regarded as an economic system and a political strategy distinguished by certain characteristics whose development is conditioned by numerous variables. So how is Capitalism viewed in the United States of America? American Capitalism can be viewedRead MoreThe Republicn and a Brief History of Philosphy1763 Words   |  7 PagesSecondary to that there is truth, this idea is one that the main character struggles with the most throughout the film. As the film opens we are introduced to each character and their current spouse. All seems to be well other than the normal husband vs. in law rivalry, some may say that portrayal of life seems reasonable. What we find out as the film progresses is that the problems within these couples goes deeper than the traditional family feud. The main character Judah is having an affair withRead MoreThe Philosophy Of Human Nature1534 Words   |  7 Pagesessentially good, under the idealistic doctrines of Confucius and Mencius. In the West, however, many scholars, most notably including John Locke and Thomas Hobbes, suggested that the innate human condition was selfish and competitive. French philosopher, Rene Descartes expanded on Plato’s ideas by construing people as â€Å"thinking spirits†, while German philosopher, Karl Marx, implied that human nature was all about social relations, and could be best observed via the progression of history. Religion alsoRead MoreAn Essay on Social Contract Theory3139 Words   |  13 Pagesviolation would signify a problematic attempt to return to the state of nature. It has been often noted, indeed, that social contract theories relied on a specific anthropological conception of man as either good or evil. Thomas Hobbes (1651), John Locke (1689) and Jean-Jacques Rousseau (1762) are the most famous philosophers of contractarianism, which is the theoretical groundwork of democracy. It is also one of a few competing theoretical groundworks of liberalism, but Rousseaus social contractRead MoreAn Essay on Social Contract Theory3151 Words   |  13 Pagesviolation would signify a problematic attempt to return to the state of nature. It has been often noted, indeed, that social contract theories relied on a specific anthropological conception of man as either good or evil. Thomas Hobbes (1651), John Locke (1689) and Jean-Jacques Rousseau (1762) are the most famous philosophers of contractari anism, which is the theoretical groundwork of democracy. It is also one of a few competing theoretical groundworks of liberalism, but Rousseaus social contract

Crosswell - 1474 Words

PEPPERDINE UNIVERSITY THE GEORGE L. GRAZIADIO SCHOOL OF BUSINESS AND MANAGEMENT LEN RUSHFIELD MBA 610.63 INTERNATIONAL FINANCE SPRING 2005 WEDNESDAY 6:00 PM – 10:00 PM WESTLAKE VILLAGE CENTER SYLLABUS 1 International Finance MBA 610.63 Westlake Village Center Wednesday 1/5-2/16/05 Len Rushfield (310) 474-5848 (603) 843-9683 (efax) leonard.rushfield@pepperdine.edu/ asiaptner@aol.com Course Objectives MBA 610.63 is intended to provide a foundation of understanding of international finance and the critical options for corporate financial management within the global markets. Intensive reading will establish the basis of information on international financial structure, processes and techniques. Cases will identify important real†¦show more content†¦Students are responsible for all information given during the class instruction. If a student misses a class or arrives significantly late a make-up assignment may be required and incorporated in the participation grade. Students missing one class will need to make arrangements with the instructor for special make-up work. The instructor should be informed of absences prior to the class. Absences should involve urgent and unavoida ble reasons. Students missing two or more classes may not receive credit for the course. Conmduct â€Å"The University expects from all of its students and employees the highest standard of moral and ethical behavior in harmony with its Christian philosophy and purposes. Engaging in or promoting conduct or lifestyles inconsistent with traditional Christian values is not acceptable. The following regulations apply to any person, graduate or undergraduate, who is enrolled as a Pepperdine University student. These rules are not to be interpreted as all-inclusive as to situations in which discipline will be invoked. They are illustrative, and the University reserves the right to take disciplinary action in appropriate circumstances not set out in this catalog. It is understood that each student who enrolls at Pepperdine University will assume the responsibilities involved by adhering to theShow MoreRelatedCrosswell at the Brazilian Market664 Words   |  3 Pages1. What actions would you recommend to Crosswell and to Leonardo Sousa that would enable them to hit the target of R$83.00 per case of diapers? To reduce costs and reach a competitive price in the Brazilian market, Material Hospitalar should get 180-day credit from Crosswell International and then be able to sell the product and collect the sales money in 30 days. At this point, Material Hospitalar will invest the money in the high-yielding Real-denominated deposit rates. They will deposit theRead MoreThe Curriculum And Philosophy : Progressivism And Essentialisms972 Words   |  4 Pagesdemocratic classroom, in which student have more authority and responsibility for their learning (Crosswell, 2009). Both Piaget and Vygotsky have advocated the idea of democratic classroom. 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Adaptation And Implementation of ERP Software †MyAssignmenthelp.com

Question: Discuss about theAdaptation And Implementation of ERP Software. Answer: Introduction The following report is all about implementation of ERP software in large factories or industries. ERP systems are generally designed in such a way that it can satisfy the need or demand of different firm all around the world (Ahmad and Cuenca, 2013). The five of ERP implementation has been discussed in brief. The biggest user of ERP in the industry is Nestle which is well known food processing firm. The firm claimed that after the implementation of ERP system in Nestle they have saved more than 325 million dollars and saving mainly raised from supply chain movement. Sarbanes Oxley Act has been discussed in detail which was passed by US congress to prevent investors from any fraud in the accounting department. SOX was mainly implemented in improvisation of financial status of different organization. In this report a brief reason is given about the fact that why ERP software is adopted various organization ranging from medium to large. A complete discussion is given on Nestle which is largest user of ERP software in food processing units. Sarbanes-Oxley Act was launched for protection of various investor from any fraud in their accounting department. Nestle is one company which has been benefited by the implementation of ERP system in their organization. Hershey is an example of organization which has incurred huge loss after the implementation of ERP software in their system. Reason for Adopting ERP software ERP system was previously used by large factories or industries but now a days many small scale industries are using it. This system may not be practically used by small companies on the contrary many companies ranging in size from small to medium has adopted it. ERP systems are mainly designed to satisfy the needs or demand of various organizations round the globe. Various ERP solutions are available in the market to satisfy the needs of retail stores, healthcare, oil and gas. Various organizations round the globe can find a possible solution to satisfy the needs of their business. Reasons The following five reasons can be considered to an important reason for adoption of ERP software in any industry. It helps in proper management of business with one system. It helps in keeping the various technologies updated. It helps in maintaining of streamline with progress of a Business. It helps in analysing important data of any industry. It helps in satisfying the needs of various customers. The biggest benefit that can be achieved from the use of ERP solution in any industry can help in easy management of various important areas of a business with the help of just one system. A manufacturing ERP system can help in focusing functional areas like financial, inventory management, quality management and sales management. When a business manages several other businesses then it can have some problems like errors in data, duplication of stored records, and improper communication between domains of a business. The ultimate goal of ERP system is to add all the separate function into a single system which allow in establishing a proper communication between them (Ahmad and Cuenca, 2013). Now various organization of an industrial sector has one system which is used for managing various information then all the important areas can take on decision and action on the same set of data. Technologies round the globe are changing at a very rapid rate and the up gradation cost of programming the old system is increasing at a rapid rate. Current technologies like machine learning, internet of things are submerged with the modern system which helps the various organization of an industry to take better decision and helps in attaining competitive edge (Zhang, Zhu and Ding, 2013). For maintaining their position in the market various companies of the industry need latest systems. They need some system which can help in flexibility and scalability in their business. ERP solutions are generally designed in such a way that they offer flexibility and adaptability for various organization of an industry. The latest ERP system comes up with different methods which help them in satisfying the requirements of the various businesses. After the successful implementation of ERP systems various industrial sectors can easily judging the needs of a business. After the implementation of ERP system various organizations can easily achieve speed, efficiency (Schniederjans and Yadav, 2013). A latest ERP system can be beneficial in satisfying the needs of business partners, stakeholders and employees of the organization. ERP system in general consists of various complex features which can be considered complex for many users. It the duty of various companies of an industry to teach their employees about the working principle of an ERP system. If a user shows faster running of a system, then it is likely that can be adopted easily throughout any organization. Analyzing the data of various companies can be considered useful for various companies. ERP solutions can be considered to effective way of gathering and checking of data from various areas of business which will ultimately help the various data teams of an organization. Firstly, it will help the data analysts to look into the core areas of business and gather important data from it. Secondly ERP system will help various organization of an industry in achieving real time data on various areas which is inclusive of business processes and work status. Various customers expect that they can constantly receive their needs regardless of domain or department they interact and various businesses must ensure that various departments communicate with each other. Any department of various organization of an industry must have the details of customer at their fingertip so that they can easily interact with any customer irrespective of channel. Biggest Industry in field Using ERP software Food processing industries are considered as the largest user of ERP software. ERP softwares are considered to be medicine for every problem of an organization. Application of ERP system offers various firms to use various business processes, use data and allowing full access to the data of company in real time (Nour, and Mouakket, 2013). Nestle which is well known industry in food processing industry has claimed that after the implementation of ERP software they have saved more that 325 million dollars. The saving mainly arises from various domains like supply chain movement (Sarfaraz, Jenab and D'Souza, 2012). After the implementation of ERP system same database and business process have led to more trustworthy forecast of various demands for various of its products. Sarbanes-Oxley Act In the year of 2002 Sarbanes Oxley Act was passed by U.S congress in order to protect various investors from fraud in accounting departments of various organization. SOX mainly emphasizes in improving the financial condition of various corporation and prevent any fraud in the accounting department (Monk and Wagner, 2012). In reality SOX effects various organization in many ways. At the time of dealing with international clients internal controls and compliance are considered to be biggest problem in the successes of ERP. Process needs to be designed in such a way that in must satisfy the regulatory compliance and systems need to be designed in such a way that it can satisfy the compliance and employees need to be trained in such a way that they can easily execute various complaint. Reason of the Act and its implication Sarbanes Oxley Act (SOX) was implemented in the year 2002 to helps in increasing the confidence of various investors in the market and aims in closing loopholes for various organization. SOX was implemented due to strengthen various committees of audit and perform various internal test for controlling of different things. The direct effect of SOX on corporate is increasing the level of efficiency (Mitra and Neale, 2014). Cost of compliance can be considered important for various firm which depend on manual control. SOX Act mainly emphasizes various firms to make financial system more efficient, centralized and automated. My SAP benefits SAP is considered to be one of the leading ERP vendors which has been an expected market of 20% of the global market. My Sap ERP solution generally aims in providing complete software for enterprise resource planning with a flexible approach. SAP offers integrated modules for different domains like accounting, production planning, management of different materials. Sap ERP is considered to be complex process which helps various firms in integrating financial, human and management of data task in one IT structure. My Sap mainly focuses in providing functionalities in various domains of accounting which is inclusive of legal financial reporting and segment reporting. Success of SAP ERP implementation One company which is successful in implementation of ERP is Nestle which a well-known food processing firm. ERP stands for enterprise resource planning which is used to overcome every problem. SAP ERP implementation was implemented in Nestle SA as the various executives felt the need of improvisation in the organization (Akeel and Wynn, 2015). Prior to Nestle SA, ERP was decision was implemented in Nestle UK. SAP ERP was implemented in Nestle SAP for a period of five years in eighteen sites of manufacturing division. A third implementation of ERP took place in Nestle USA (Mead and Sack). The project of ERP implementation began in USA division of Nestle as BEST (Business Excellence through technology system). Irrespective of case of ERP implementation in Nestle the ultimate goal behind the ERP implementation were similar in all cases. After the implementation of SAP ERP Nestle USA claimed that they had made a savings of more than 325 million dollars and most of the savings came from supply chain improvements. With the help of SAP ERP similar database and various processes of business led to trusted forecasts of demand for various products of Nestle (Amid, Moalagh, and Ravasan, 2012). The problem of various brands of vanilla was solved with the common database. UK based Nestle experienced the similar success after the implementation of SAP ERP. Nestle USA was an excellent case study for the implementation of ERP because it consists of failures and success. During the planning phase of project there were breakdowns on the contrary the overall project can be considered to be successful. After analyzing Nestle USA other firms can easily learn a valuable lesson from it (Banerjee, Humphery-Jenner and Nanda, 2015). The first lesson that can be learned from the ERP implementation in Nestle USA is that right executives or individual must be involved from the beginning. The second lesson that can be learned from Nestle that the implementation of ERP is not a project which the company should force to implement on specific timeline (Chhaochharia et al., 2016). The future of the organization is on the line and it must be important for checking the business goals of a given project and after that setting a particular deadline for the project. Thirdly, the organization looking for the implementation of ERP must focus on training of different staff members (Li, 2014). Training is considered to be vital factor for the implementation of ERP in because without proper training various employees using it cannot process on a day to day. Failure of SAP ERP implementation Hersheys is considered to be largest manufacturer of chocolate in North America. The headquarter of this organization is located in Hershey, Pennsylvania which is also known as home to Hershey chocolate world (HassabElnaby, Hwang and Vonderembse, 2012). The chocolate business was started by Mr. Milton S. Hershey in 1876. The products of Hershey were sold to around sixty countries around the globe. Hersheys sales comprise of 80% chocolate and 20% non-chocolate items. The competitors of Hershey comprise of Mars, Nestle, Palmer and many more. For improving the service of different companies and providing better customer services ERP was implemented in Hersheys (Chou et al., 2014). In the year of 1996 the management of this chocolate firm gave an approval to this project named Enterprise 21. Hershey selected SAP R/3 model of ERP software, manugistic SCM software, Seibel CRM software and IBM for properly managing of integration among the given three systems. The overall cost of the given project was expected to be 10 million dollars. There were several impact on the failure of ERP system on Hershey. Firstly, there were problems on order fulfilment, processing and shipping started to rise and this firm was unable to meet the committed date of delivery. Several distributors of who had placed order regarding it cannot supply the product to retailer on time so there was a loss in credibility in the market (Deng, Melumad and Shibano, 2012). After the implementation of ERP in Hershey, the stock price of this firm fall by 8% on a single day which resulted due to malfunctioning of this newly installed system. There were certain reasons behind the failure of ERP in Hershey that are over-squeezing schedule of implementation, Big bang approach instead of phase approach, sacrificing testing of different system (Erkan, Ba and Rouyendegh, 2012). Various lessons were learned from the failure of ERP in Hershey that are an implemented project should not be forced into an unreasonable timeline, testing phase are certain things that should not be compromised. The organization should provide time to employees to learn about various business process and about systems. Conclusion The above discussion is all about the implementation of ERP in various large scale and small scale industries. The reason behind the implementation of ERP software in organization has been discussed in brief. The ERP systems are designed in a way that it can easily satisfy the requirement of various organization all-round the globe. The main five reasons behind the implementation of ERP software has been discussed in brief. Nestle which is a well-known food processing organization have saved from than 325 million dollars after the implementation of ERP software in their system. Sarbanes Oxley Act has been discussed in brief which was passed by US congress to protect investors from any fraud in the financial department of any company. Nestle is a well-known organization which was benefited a lot by the implementation of SOX in their system. SAP ERP was implemented in Nestle SA as the various executives and other members felt the need of improvisation in the company. Hershey was affect ed badly due to implementation of ERP software in their system. The effects and reason of failure of ERP system has been discussed in details. The reason behind the failure of ERP in Hershey were over-squeezing time of implementation, use of big bang approach in spite of phase approach, neglecting of testing of various systems after the implementation of ERP software. References Ahmad, M.M. and Cuenca, R.P., 2013. Critical success factors for ERP implementation in SMEs.Robotics and Computer-Integrated Manufacturing,29(3), pp.104-111. Amid, A., Moalagh, M. and Ravasan, A.Z., 2012. Identification and classification of ERP critical failure factors in Iranian industries.Information Systems,37(3), pp.227-237. Banerjee, S., Humphery-Jenner, M. and Nanda, V., 2015. Restraining overconfident CEOs through improved governance: Evidence from the Sarbanes-Oxley Act.The Review of Financial Studies,28(10), pp.2812-2858. Chhaochharia, V., Grinstein, Y., Grullon, G. and Michaely, R., 2016. Product market competition and internal governance: Evidence from the SarbanesOxley Act.Management Science,63(5), pp.1405-1424. Chou, H.W., Lin, Y.H., Lu, H.S., Chang, H.H. and Chou, S.B., 2014. Knowledge sharing and ERP system usage in post-implementation stage.Computers in Human Behavior,33, pp.16-22. Deng, M., Melumad, N. and Shibano, T., 2012. Auditors Liability, Investments, and Capital Markets: A Potential Unintended Consequence of the Sarbanes?Oxley Act.Journal of Accounting Research,50(5), pp.1179-1215. Garg, P. and Garg, A., 2013. An empirical study on critical failure factors for enterprise resource planning implementation in Indian retail sector.Business Process Management Journal,19(3), pp.496-514. Ghosh, R., 2012. A comprehensive study on ERP failures stressing on reluctance to change as a cause of failure.Journal of Marketing and Management,3(1), p.123. Hasibuan, Z.A. and Dantes, G.R., 2012. Priority of key success factors (KSFS) on enterprise resource planning (ERP) system implementation life cycle.Journal of Enterprise Resource Planning Studies,2012, p.1. HassabElnaby, H.R., Hwang, W. and Vonderembse, M.A., 2012. The impact of ERP implementation on organizational capabilities and firm performance.Benchmarking: An International Journal,19(4/5), pp.618-633. Li, X., 2014. The SarbanesOxley act and cross-listed foreign private issuers.Journal of Accounting and Economics,58(1), pp.21-40. Mead, J. and Sack, R.J., Sarbanes?Oxley Act.Wiley Encyclopedia of Management. Mitra, A. and Neale, P., 2014. Visions of a pole position: Developing inimitable resource capacity through enterprise systems implementation in Nestl.Strategic Change,23(3-4), pp.225-235. Monk, E. and Wagner, B., 2012.Concepts in enterprise resource planning. Cengage Learning. Nour, M.A. and Mouakket, S., 2013. A classification framework of critical success factors for ERP systems implementation: A multi-stakeholder perspective. InCompetition, Strategy, and Modern Enterprise Information Systems(pp. 98-113). IGI Global. Sarfaraz, A., Jenab, K. and D'Souza, A.C., 2012. Evaluating ERP implementation choices on the basis of customisation using fuzzy AHP.International Journal of Production Research,50(23), pp.7057-7067. Schniederjans, D. and Yadav, S., 2013. Successful ERP implementation: an integrative model.Business Process Management Journal,19(2), pp.364-398. Zhang, J.Q., Zhu, H. and Ding, H.B., 2013. Board composition and corporate social responsibility: An empirical investigation in the post Sarbanes-Oxley era.Journal of Business Ethics,114(3), pp.381-392. Erkan, E., Ba, U. and Rouyendegh, B.D., 2012, April. Effects of BPR on ERP Implementation Success and Supply Chain Performance. InInternational Conference on Information Management and Evaluation(p. 89). Academic Conferences International Limited. Akeel, H. and Wynn, M.G., 2015, February. ERP Implementation in a Developing World Context: a Case Study of the Waha Oil Company, Libya. IneKnow 2015 7th International Conference on Information, Process and Knowledge Management(pp. 126-131). ThinkMind.

Perceived Benefits Scorecard Implementation -Myassignmenthelp.Com

Question: Discuss About The Perceived Benefits Scorecard Implementation? Answer: Introduction The Balance Score Card is one of the most widely used performance metric which are used in different commercial institutions, which is used as an inclusive tool in the operations framework of the companies. The main purpose of the usage of balance scorecard is to assess the overall performance of the concerned company and to identify the areas where improvements and modifications can be done based on the relevant data collected and analyzed with the help of the tool. This is done by dividing the operational framework of the company in four separate parts or legs under the balance score card, which are namely, the processes of business, customers, growth and learning and finance (Kaplan 2012). Evaluation of BSC as a measure of companys performances For any organization to maintain a stable growth and prosper sustainably it is of crucial importance to have track of its activities. The company thus needs a measure of its overall performances and the areas where it needs to emphasize and modify. The BSC, in this aspect, is one of the integrating measures of the overall performance of the company, which measures the performances of the concerned organization, not only in terms of financial prosperity and efficiency but also on an overall term, including the perspectives of the consumers, internal business operations (Madsen and Stenheim 2014). It also emphasizes on the aspects, which can be improved by the same for creation of greater value in future. It also helps in assessing the performances of the individual employees and their contribution to the profitability of the organization as a whole. However, there are several problems crops up while implementing the BSC method, especially in the current dynamic environment of global business framework, where the businesses experience dynamics in their operational framework daily. This high volatility in turn demands regular modifications in the BSC, which becomes a time and cost increasing activity on part of the organizations. There can also remain different perspectives in the operational framework of the organizations which cannot be assessed under the four broad categories designed under BSC, thereby making the evaluations using the BSC method incomplete and to some extent biased (Northcott and Ma'amora Taulapapa 2012). For instance, the recent concepts of corporate social responsibility, environmental contributions of the companies and others are highly overlooked in this method, but are of immense importance in the contemporary global business scenario. BSC in Non-profit/Public organizations In spite of its limitations, the Balance Score Card method still appears to be a comprehensive indicator for performance measurement of organizations in general and there remains several aspects, which asserts the need for implementation of the same in the non-profit or public organizations also. Success- Although these organizations are not profit oriented, however, the BSC can also help the same in categorizing their objectives and their performance in the same aspect. BSC can help them in determining their priorities and work according to the same. Promotion- With the help of a proper BSC, the companies can map the objectives and the goals of the same and the strategies taken to achieve the goals. This in turn can help these organizations to market their campaigns more attractive, thereby attracting interested people. Fund collection- The presence of BSC in these organizations, by helping them to demarcate their goals, missions and procedures can help the same to collect funds as the presence of clear strategic framework can help the same to attract serious donors (Nrreklit et al. 2012) References Kaplan, R.S., 2012. The balanced scorecard: comments on balanced scorecard commentaries.Journal of Accounting Organizational Change,8(4), pp.539-545. Madsen, D. and Stenheim, T., 2014. Perceived benefits of balanced scorecard implementation: some preliminary evidence. Nrreklit, H., Nrreklit, L., Mitchell, F. and Bjrnenak, T., 2012. The rise of the balanced scorecard! Relevance regained?.Journal of Accounting Organizational Change,8(4), pp.490-510. Northcott, D. and Ma'amora Taulapapa, T., 2012. Using the balanced scorecard to management performance in public sector organizations: Issues and challenges.International Journal of Public Sector Management,25(3), pp.166-191.