Asked by Keiona Wedderburn on Apr 30, 2024
Verified
The balanced scorecard is named for its view of company performance focusing only on financial measures.
Balanced Scorecard
A strategic planning and management system used by organizations to communicate objectives, monitor performance, and evaluate their progress towards achieving strategic goals.
Financial Measures
Quantitative indicators used to assess the financial stability, performance, and liquidity of a business entity.
- Acquire knowledge about the effectiveness and role of the balanced scorecard within the framework of strategic performance management.
Verified Answer
AM
aaliyah mogajiMay 01, 2024
Final Answer :
False
Explanation :
The balanced scorecard includes financial measures but also incorporates other perspectives such as customer, internal business processes, and learning and growth to provide a more comprehensive view of company performance.
Learning Objectives
- Acquire knowledge about the effectiveness and role of the balanced scorecard within the framework of strategic performance management.
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