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

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 assesses various aspects of an organization including financial, customer, internal processes, and learning and growth dimensions. This approach ensures that the organization is balanced in its performance assessment and decision-making processes. The other options are partially correct but do not fully capture the essence of why the balanced scorecard method is called "balanced."

Why Is the Balanced Scorecard Method Said to Be "Balanced