Balanced scorecard. A business executive says, The financial perspective of the balanced scorecard indicates how the organization
Question:
Balanced scorecard. A business executive says, "The financial perspective of the balanced scorecard indicates how the organization adds value to shareholders. I am involved with two organizations: a small business that is a partnership, so it has no shareholders, and a church that has no shareholders. While the balanced scorecard makes a lot of sense to me, the financial perspective is clearly irrelevant for these two organizations." How would you respond to this statement?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Managerial Accounting An Introduction To Concepts Methods And Uses
ISBN: 9780030259630
7th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil, Sidney Davidson
Question Posted: