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Balanced Scorecard the Company That I Am Essay
Pages:2 (681 words)
Sources:3
Subject:Mathematics
Topic:Balance Sheet
Document Type:Essay
Document:#42092135
Balanced Scorecard
The company that I am going to study is Google. This company makes most of its money from online advertising. While it has a wide range of different services and products -- Android and Chrome being to prominent ones -- advertising is where it makes its money. The mission of Google is to "organize the world's information and make it universally accessible and useful" (Google.com, 2013). The company does not have an explicit vision statement. It competes on a differentiated strategy. This means that it seeks to sell more ads than its competitors by delivering the most eyeballs, but also by being able to provide significant data about those eyeballs. Google sells ads, therefore, by allowing its customer to better target their ads, something that adds value. Competing on value-added is typically associated with a differentiated strategy.
Google has a rather exceptional financial situation, in that it is wildly profitable. As a result, it has an exceptionally healthy balance sheet that features some $50 billion in cash (MSN Moneycentral, 2013). This gives the company an interesting perspective compared with most companies it that it really does not need to make money. It also highlights something interesting about the way the company approaches the financial perspective. Google does not make profit any part of its mission. Rather, it takes the philosophy of making good products and then the profits will follow. Thus far, that has been the case at least in terms of its advertising business. Google has developed industry-leading technologies in Android and Chrome but has yet to figure out how to make money from those.
Google is also famous for its human resources policies. It has been listed as the best place to work in America (Forbes, 2013). This is because of the considerable investment that Google puts into its employees, creating an environment for them to do their best work (Stewart, 2013). The company provides ample training opportunities as well, seemingly excelling in the learning and growth perspective. Clearly, Google feels that this is a critical…
Sample Source(s) Used
Works Cited:
MSN Moneycentral. (2013). Google. Retrieved April 30, 2013 from http://investing.money.msn.com/investments/stock-balance-sheet/?stmtView=Qtr&symbol=GOOG
Google.com. (2013). About Google. Google.com. Retrieved April 30, 2013 from http://www.google.com/about/company/
Forbes. (2013). Best companies to work for 2013. Forbes. Retrieved April 30, 2013 from http://money.cnn.com/magazines/fortune/best-companies/2013/snapshots/1.html
Stewart, J. (2013). Looking for a lesson in Google's perks. New York Times Retrieved April 30, 2013 from http://www.nytimes.com/2013/03/16/business/at-google-a-place-to-work-and-play.html?pagewanted=all
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