Balanced scorecards are almost exclusively utilized in profit-seeking organizations as nonprofits cannot benefit from focusing on financial perspectives such as net income and shareholder value.

Question

Quizplus · Accepted Answer

Not-for-profit organizations design the cause-and-effect chain to achieve their strategic service objectives such as reducing the number of people in poverty or raising graduation rates and these objectives can be part of the perspectives of the balanced scorecard.

Balanced Scorecards Are Almost Exclusively Utilized in Profit-Seeking Organizations as Nonprofits