Asked by
Mahlik Glenn
on Nov 19, 2024
Verified
The balanced scorecard can only have four categories of performance measures.
Balanced Scorecard
A strategic planning and management system that organizations use to communicate what they are trying to accomplish and measure progress against these objectives.
Performance Measures
Metrics or indicators used to assess the efficiency, effectiveness, and success of an organization's activities.
- Understand the aims of a balanced scorecard and the way it serves as a mechanism for strategic management.
Verified Answer
DS
Learning Objectives
- Understand the aims of a balanced scorecard and the way it serves as a mechanism for strategic management.
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