Prior to beginning work on this discussion, please read about the Economic Value Added (EVA) and the Balanced Scorecard management systems on the websites of the Corporate Finance InstituteLinks to an external site. (CFI) and the Balanced Scorecard InstituteLinks to an external site. (BSI) respectively.

The consulting firm Stern Value Management designed the EVA and the Palladium Group designed the Balanced Scorecard as breakthrough performance measures to rank ordering processes for investments and help clients create value.

Prepare in an initial post of at least 200 words a report describing the Balanced Scorecard and the Economic Value Added and their claimed advantages. Then compare these two systems to corporate and divisional performance measurement.