What aims to balance long-term with short-term concerns, financial with nonfinancial concerns, and internal with external concerns?
A) Contingency planning
B) The Balanced Scorecard approach
C) Taking corrective action
D) Benchmarking
E) Consonance

Question

Quizplus · Accepted Answer

The Balanced Scorecard approach is designed to provide a framework that balances various aspects of an organization's performance, including long-term and short-term objectives, financial and nonfinancial measures, and internal and external perspectives.

What Aims to Balance Long-Term with Short-Term Concerns, Financial with Nonfinancial