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Critically evaluate the use of non-financial and multidimensional models of performance management in preparation for a discussion with your management team. Choose the Balanced Scorecard or the Performance Pyramid as a basis for your discussion.

Task 1:
Prepare a 1500-word internal memorandum for the directors of the care home, critically discussing the advantages and disadvantages of at least two strategic planning models appropriate to the care sector in England. The directors expect a recommendation as to which model you propose for business growth and why?
Task 2:
The word count for 2a and 2b should not exceed 1000 words in total.
Briefly discuss the usefulness of a Du Pont analysis to shareholders and then apply it to BME Luxury Care Home using the financial statements above as a basis for your calculations. You must discuss the purpose of each formula, and each step in your calculations to make sure you have not made any errors. Discuss your findings in the context of the following industry averages:
Total margin 3.5% Total asset turnover 1.5 Equity multiplier 2.5 Return on equity (ROE) 13.1%
(10 marks)
Calculate and interpret the following ratios. You must explain the purpose of each formula, and each step in each calculation. Discuss your findings in the context of the following industry averages
Return on assets (ROA) Current ratio
Days cash on hand Average collection period Debt ratio
Debt-to-equity ratio
Fixed asset turnover ratio
5.2% 2.0
22 days 19 days 69% 2.5
1.4
Page 5 of 10 [823]
(1500 words) (35 marks) (LO1)
(10 marks)
(1000 words) (20 marks) (LOs 2 & 3)

Task 3:
Critically evaluate the use of non-financial and multidimensional models of performance management in preparation for a discussion with your management team. Choose the Balanced Scorecard or the Performance Pyramid as a basis for your discussion.

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