Read through the strategy you used in unit stanitard 242613 (1/10 the template below and capture the strategic objectives of Lovely Locks is the four perspedes of the BSC template

To create a Balanced Scorecard (BSC) for an organization like Lovely Locks using the strategic objectives, we will outline the four perspectives in the provided template. Please note that without specific details from unit standard 242613, I will provide a general example based on common objectives relevant to a beauty or haircare business.

**Balanced Scorecard Template for Lovely Locks**

| Perspective | Strategic Objective | Measures |
|-------------------------------|----------------------------------------------------|-----------------------------------------------|
| **Financial** | Increase revenue through product sales | Sales growth percentage, profit margins, revenue from new products |
| | Improve cost efficiency | Operating costs as a percentage of sales, gross profit margin |
| **Customer** | Enhance customer satisfaction and loyalty | Customer satisfaction score, Net Promoter Score (NPS), repeat purchase rate |
| | Expand customer base in target demographics | Market share percentage, number of new customers acquired |
| **Internal Business Process** | Streamline product development and launch processes | Time to market for new products, number of products launched on schedule |
| | Improve inventory management | Inventory turnover ratio, stock-out rates |
| **Learning and Growth** | Foster a culture of innovation | Number of innovative ideas generated, employee engagement survey results |
| | Develop employee skills and capabilities | Training hours per employee, employee satisfaction scores |

This is a general example, and the specific strategic objectives and measures would need to be tailored based on the actual goals and strategies of Lovely Locks as per the unit standard 242613.