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Provide an analysis of the role of balanced scorecards in an organization, to include the following: Describe an example from your professional career, current or

Provide an analysis of the role of balanced scorecards in an organization, to include the following:

  • Describe an example from your professional career, current or past, in which the use of a balanced scorecard might have had a positive impact on your understanding of how the performance of your department, area, or team contributed to the achievement of the organization's overall goals and objectives.
  • As a manager, analyze how you could utilize a balanced scorecard to ensure your department, area, or team was meeting the organization's goals and objectives. What measurement(s) might you consider and why? (Provide at least one example of a measurement from at least one of the four perspectives of the balanced scorecard: financial, internal operations, customer, and learning and growth.)
  • With references from Franklin, M., Graybeal, P., & Cooper, D. (2019). 7.4 prepare flexible budgetsLinks to an external site.. In Principles of accounting, volume 2: Managerial accounting. OpenStax. https://openstax.org/books/principles-managerial-accounting/pages/7-4-prepare-flexible-budgets

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