What is the meaning of the term "balanced scorecard"? What are the merits of using a balanced scorecard in judging a company's performance?
What will be an ideal response?
The balanced scorecard is a widely used method for combining the use of both strategic and financial objectives, tracking their achievement, and giving management a more complete and balanced view of how well an organization is performing. Merely tracking a company's financial performance overlooks the fact that what ultimately enables a company to deliver better financial results is the achievement of strategic objectives that improve its competitiveness and market strength.
You might also like to view...
Answer the following statements true (T) or false (F)
1.Bernice has always been an excellent student and has recently been accepted to graduate school to work on her master’s degree in communication. She sometimes becomes frustrated because her younger friends do not understand some of things she is discussing. Bernice is making certain that the words she is using are reflective of the education level of the people with whom she is interacting. 2.The particular words and pictures Roberto uses, as well the actual or fabricated stories he shares about who he is, communicate our digital identity, shaping his online presence. 3.When we consider the triangle of meaning, we need to keep in mind that the word is not the thing, and that there is no direct connection between these two points on the triangle. 4.During a class lecture, professor asks the class to visualize a desk. While not every person’s visualization is of the same duck, each student is able to visualize the waterfowl in some form, thanks to the semantic code. 5.Loreena is easily fooled by words and labels and as a result fails to inspect what the labels represent. Loreena has an extensional orientation.
How are acquisitions good for society?
A) Acquisitions eliminate barriers to entry. B) Acquisitions require little government oversight. C) An acquiring company may improve the efficiency of an acquired company. D) An industry may become less competitive after an acquisition. E) The acquisition may result in higher costs, leading to higher prices for consumers.
In a typical business presentation, the number of major points should be limited to three to five
Indicate whether the statement is true or false
In the context of codes of ethics,the Johnson & Johnson Credo refrains from:
A. overpromising financial rewards. B. encouraging pluralism. C. allowing whistle-blowing. D. overcommunicating the importance of ethics.