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4. BIOCO has recently been sold and now has a new CEO. Do you think that the way BIOCO will succeed under the new ceo? Why or why not?I don't think the way BIOCO will succeed under the new ceo. Establish business goals, translate it to different parts and tuning performance under strategic initiatives in different time requiring a professional CEO who is good in the balanced score card method. According to the article's case, the ceo can be a powerful champion of the balanced score card and be considered a guru in the House for this method. So, BIOCO approach is working well. But for the new ceo, first of all, the CEO must prefer this method and want to use this method to manage the company. If not, there is no way how BIOCO success under the new ceo can. After that, the new ceo should know how to make balanced score card method. He needs to know how to translate the strategy into strategic company parts for different parts, tracking the whole process and adjust if necessary. In addition the CEO needs to alleviate the problem of communication between the departments. All of these require a ceo with specific abilities to complete them. It's hard to find a right person who is qualified to make them. If the new ceo made a number of new methods, the company can operate well. But the new CEO wanted to keep specific, this unique way with a strong personal properties to manage the company. I don't think it will work well.
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