Describe the advantages of using a balanced scorecard to measure and control organizational performance for the XYZ Corporation?

What role does the balanced scorecard play in monitoring and adjusting organizational performance?

Describe any challenges or disadvantages to any organization using a balanced scorecard approach.

If $xYZ$ Corporation faces conflicting objectives $($for example, cost reduction vs quality improvement$),$ how should$/$could they prioritize those initiatives across various components? Consider how the balance scorecard could help balance some of those trade$-$offs.