Asked by
Bhavya Oberoi
on Oct 10, 2024
Verified
If the balanced scorecard is correctly constructed, the performance measures should be independent of each other so that bad performance on one measure will not result in bad performance on another performance measure.
Balanced Scorecard
A strategic planning and management system used by organizations to communicate what they are trying to accomplish and measure progress towards their goals.
Performance Measures
Quantitative indicators used to assess how well an organization or individual is achieving its goals and objectives.
- Acquire knowledge of the balanced scorecard technique and its deployment in strategic management for the betterment of performance.
Verified Answer
RM
Learning Objectives
- Acquire knowledge of the balanced scorecard technique and its deployment in strategic management for the betterment of performance.
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