Question

what is a balanced scorecard? multiple choice the balanced scorecard is a business model which does not include operational effectiveness. the balanced scorecard is a business model which evaluates only the financial aspects of a business. the balanced scorecard is a business model that helps to assess a firm’s competitive position and ensures that the firm is progressing toward long-term survival.

Answer 1

A strategic management performance indicator known as the balanced scorecard (BSC) is used to identify and enhance various internal business activities and the results they have on the outside world.

What is a balanced scorecard?

• A balanced scorecard is a strategy performance operation tool – a well-structured report, that can be used by directors to keep track of the prosecution of conditioning by the staff within their control and to cover the consequences arising from this conduct.
• The expression' balanced scorecard' primarily refers to a performance operation report used by an operation platoon, and generally, this platoon is concentrated on managing the perpetration of a strategy or functional conditioning – in a 2020 check( 1) 88 of the replies reported using Balanced Scorecard for strategy perpetration operation, 63 for functional operation.

What's the significance of a balanced scorecard?

• The Balanced Scorecard allows you to insure that every department sees and understands a clear liaison between its strategy and the strategy of the association as a whole.

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