"Implementing the Balanced Scorecard (BSC) can enable organizations to overcome barriers to strategy execution and achieve superior performance." Critically discuss this statement drawing from theoretical perspectives, examples, and topics discussed in semester two.

Incorporate: A brief description of the four core components of the BSC. Its rationale and relevance and nature (e.g., Management and reporting tool; Strategic Management Systems; and Strategic Communication Tool). Discuss why strategy execution is important and how the BSC can help overcome some of the critical barriers to executing strategy. A basic reflection on the communicative power of the BSC could touch on: The idea of the BSC as a 'living document,' a tool to cascade the strategy down the organizational hierarchy, or a 'storytelling' instrument.