Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I have a question as to what the positive and negative symbol means when we apply it next to a measure for a balance scorecard.
I have a question as to what the positive and negative symbol means when we apply it next to a measure for a balance scorecard. I found a sentence in the book that states that each measure has a "+" or "-" to indicate whether the measure will increase or decrease, essentially something you expect to to increase or decrease over time. However, could another way we could at the "+" or "-" is if a measure can affect the company in a good or bad way. For instance, an example of a measure for the customer category is customer satisfaction, would this be a "+" measure since this could only be a good thing for the company, satisfied customers lead them to buy more things from the company which can increase profit; or is this not a way I should look at it
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started