What are the strengths of using a Balanced Scorecard approach? Hint: Discuss the four perspectives of...

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Psychology

What are the strengths of using a Balanced Scorecardapproach? Hint: Discuss the four perspectives of the BalancedScorecard and why this is better than just looking at thebottom line (financial measures).
Website:http://www.balancedscorecard.org/BSC-Basics/About-the-Balanced-Scorecard

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The Balanced Scorecard strategy Kaplan Norton is a management and measurement system which is used by organizations to clarify their vision and strategy and translate them into action This is done by measuring results of business performance in four areas namely financial performance customer knowledge internal business processes and learning and growth The strengths of using Balanced Scorecard Strategy BSC are as follows 1 Since BSC is designed to be structured logical inclusive balanced comprehensive and holistic it ensures that all areas of the organization are tapped The vision See Answer

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