What aims to balance long term with short term concerns, financial with non-financial concerns, and internal with external concerns.
A) Contingency planning
B) The Balanced Scorecard approach
C) Taking corrective action
D) Measuring performance
E) reviewing Bases of Strategy

Question

Quizplus · Accepted Answer

The Balanced Scorecard approach aims to balance long term with short term concerns, financial with non-financial concerns, and internal with external concerns. It does this by focusing on four perspectives: financial, customer, internal processes, and learning and growth. This ensures that all aspects of the organization's strategy are considered and balanced. The other options focus on specific aspects of strategy implementation and do not necessarily provide a comprehensive approach to balancing different concerns.

What Aims to Balance Long Term with Short Term Concerns