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Essay

The Balanced Scorecard

Essay specific features

 

Issue:

Business

 

Written by:

Charles F

 

Date added:

January 10, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1160

 

Was viewed:

1091 times

 

Rating of current essay:

 
Essay content:

According to Kaplan and Norton, “The Balanced Scorecard provides managers with the instrumentation they need to navigate to future competitive success”. They developed the scorecard because of the shortcomings of traditional management control systems. They created it around a performance planning and measurement framework and used it to execute and monitor the organizational strategy by using a combination of financial and non-financial measures...
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They created it around a performance planning and measurement framework and used it to execute and monitor the organizational strategy by using a combination of financial and non-financial measures. It also ensures that strategies become a coherent set of performance measures. The Balanced Scorecard was broken down into four basic processes...
displayed 300 characters

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