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Question 4 The balanced scorecard approach aims to provide information to management to assist...

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Accounting

Question 4

The balanced scorecard approach aims to provide information to management to assist strategic policy formulation and achievement. It emphasizes the need to provide the user with a set of information which addresses all relevant areas of performance in an objective and unbiased fashion.

Required:

4.1 Discuss in general terms the main types of information which would be required by a manager to implement this approach to measuring performance.

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