Why is the balanced scorecard method said to be "balanced"?
A)It uses measurable dimensions for assessing performance.
B)It measures performance of more than just financial systems.
C)It assesses both the internally focused and externally focused business processes.
D)It measures performance along all major divisions of a firm, from production and manufacturing to human resources.

Question

Quizplus · Accepted Answer

The balanced scorecard method is said to be "balanced" because it measures the performance of more than just financial systems. It considers multiple dimensions, including customer perspective, internal processes, learning and growth, and financial results, to provide a holistic view of business performance. This approach helps organizations balance short-term and long-term goals and align their strategies with their vision and mission.

Why Is the Balanced Scorecard Method Said to Be "Balanced