How can you use the balanced scorecard to your advantage in the strategic control process?
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How can you use the balanced scorecard to your advantage in the strategic control process?
Step by step
Solved in 2 steps
- Explain what is a balanced scorecard and what is its primary objective?In as few words as possible, please define "balanced scorecard." How does it relate to the functioning of a business?When is a Balanced Scorecard most useful for a company and who would be in charge of creating one? How are the different aspects of the scorecard more beneficial for some companies rather than others?
- What is a balanced score card? What role does the balanced scorecard serve in performance measurement?Explain why you believe that the balanced scorecard is an important critical strategic management concept. Be sure to explain the various elements of a balanced scorecard.What is the purpose of the balanced scorecard?
