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Some Researchers Have Indicated That the Balanced Scorecard Approach Can

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Some researchers have indicated that the Balanced Scorecard approach can problematic and costly to implement,and even after implementation may be unsuccessful in achieving the overall objectives.


Definitions:

Scheffé Test

A statistical test for comparing all possible pairs of means in a set of groups, typically following ANOVA, to determine if they are significantly different.

Tukey Test

A statistical method used to determine if there are significant differences between the means of three or more independent groups.

Familywise Error

The odds of incurring one or more false alarms, or type I errors, in the process of multiple hypothesis testing.

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