Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A balanced scorecard is a strategic management performance metric that helps companies identify and improve their internal operations to help their external outcomes. It measures

  1. A balanced scorecard is a strategic management performance metric that helps companies identify and improve their internal operations to help their external outcomes. It measures past performance data and provides organizations with feedback on how to make better decisions in the future. The four perspectives of a balanced scorecard are learning and growth, business processes, customer perspectives, and financial data.

In your own business organization or company of your choice, apply the balanced scorecard approach by answering the following requirements using the format /table below:

  1. Identify at least 3 objectives for each of the four perspectives of the balanced scorecard as it applies to your business organization;
  2. For each objective in each perspective, identify the measure (s) which you will use to evaluate the organizations performance.

Perspective

Objectives

Measures

Financial

1)

1)

2)

2)

3)

3)

Customer

1)

1)

2)

2)

3)

3)

Business Processes

1)

1)

2)

2)

3)

3)

Learning and Growth

1)

1)

2)

2)

3)

3)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic Accounting And Financial Statement Fraud Forensic Accounting Performance

Authors: Zabihollah Rezaee

1st Edition

1949991075, 978-1949991079

More Books

Students also viewed these Accounting questions

Question

Have you stated your subject, purpose and plan?

Answered: 1 week ago

Question

T F Long-term fi nancing is generally used to open new businesses.

Answered: 1 week ago