Balanced scorecard. A business executive says, The financial perspective of the balanced scorecard indicates how the organization

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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?

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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

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