Companies frequently use balanced scorecards to evaluate and reward managerial performance and to influence managerial behavior.

Question

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The use of balanced scorecards for evaluating and rewarding managerial performance and influencing managerial behavior is a common practice in many companies. The balanced scorecard approach provides a framework that helps managers align their activities with the strategic objectives of the organization and measure their progress towards meeting those objectives. It also allows companies to take a more holistic view of performance by using a combination of financial and non-financial measures.

Companies Frequently Use Balanced Scorecards to Evaluate and Reward Managerial