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According to a consulting firm report - Bain and Company, Management Tools and Trends 2015, one of the top ten management tools implemented by companies

According to a consulting firm report - Bain and Company, Management Tools and Trends 2015, one of the top ten management tools implemented by companies was the Balanced Scorecard. Many surveyed companies (40%) have indicated that they are satisfied with using the Balanced Scorecard for strategic planning.

Explain the Balanced Scorecard and how the Balanced Scorecard can be used for strategic planning. Answer this question in 300 words. You must support your discussion by referring to 3 additional academic sources from ProQuest. Harvard Referencing is required and ensure that you reference the sources correctly.

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