Which of the following is true about the balanced scorecard?
A)It is similar to most measures of company performance.
B)It uses indicators important to the company's strategy.
C)It is a standardized instrument of company performance.
D)It should not be applied to HR practices.
E)It is one of the measures of traditional performance for the company.

Question

Quizplus · Accepted Answer

The balanced scorecard gives managers an indication of the performance of a company based on the degree to which stakeholder needs are satisfied; it depicts the company from the perspective of internal and external customers, employees, and shareholders. The balanced scorecard differs from traditional measures of company performance by emphasizing that the critical indicators chosen are based on the company's business strategy and competitive demands.

Which of the Following Is True About the Balanced Scorecard