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Delaney Wille
on Nov 19, 2024

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A balanced scorecard consists of a report showing a performance measure such as return on investment (ROI) or residual income for all of the divisions in a company that generate profits.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Return on Investment (ROI)

An evaluation metric that assesses the effectiveness or financial gain of an investment by dividing the net earnings by the initial investment cost.

Residual Income

The net operating income that an investment center earns above the minimum required return on its operating assets.

  • Ascertain the goals of a balanced scorecard and its usage in the context of strategic management.
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Bryan MyerNov 21, 2024
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