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Asked by Reegan Van Rooyen on Jul 22, 2024

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A balanced scorecard is a combination of performance measures directed toward the company's long- and short-term goals.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Performance Measures

Quantitative indicators used to assess how well an individual, organization, or process is achieving its objectives or goals.

  • Comprehend the concept and implementation of a balanced scorecard approach.
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Natalia ArreazaJul 23, 2024
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True
Explanation :
A balanced scorecard is a strategic management tool that includes a set of measures covering financial, customer, internal process, and learning and growth perspectives. It is designed to align performance measures with the company's long- and short-term goals.

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