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The Balanced Scorecard (BSC)approach Is Based on the Belief That

question 17

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The Balanced Scorecard (BSC) approach is based on the belief that management should evaluate their business from ___________ distinct perspectives.


Definitions:

Formal Approach

A structured method or procedure in management and organization, characterized by established rules and regulations.

HR Planners

Professionals within an organization who are responsible for developing strategies to meet future workforce needs, matching human capital to business objectives.

External Environment

The external forces, including economic, political, social, technological, and legal factors, that can influence an organization's activities and performance.

Human Resource Planning

The strategic approach to forecasting, planning, and meeting the current and future human capital needs of an organization.

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