The balanced scorecard system is based on the idea that an organisation needs a mix of products that generate cash and use cash.

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The balanced scorecard system is a strategic planning and management system that organizations use to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets. It is not specifically about having a mix of products that generate and use cash; that concept is more closely related to the product portfolio management or the BCG matrix.

The Balanced Scorecard System Is Based on the Idea That