State the Strategy for Each of the Perspectives of the Balanced

question 161

Essay

State the strategy for each of the perspectives of the balanced scorecard.
$$\begin{array} { | l | l | } \hline \begin{array} { c } \text { Balanced scorecard } \\\text { perspective }\end{array} & \text { Strategy } \\\hline \text { Financial } & \\\hline \text { Customer } & \\\hline \text { Internal business } & \\\hline \text { Learning and growth } & \\\hline\end{array}$$

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Definitions:

Process Capability

A statistical measure of a process's ability to produce output within specified limits, commonly assessed by comparing the process variation to allowable specification limits.

Control Limits

Control Limits are statistical boundaries set within control charts that represent the acceptable range of variations in a process.

Specification Limits

Specification limits are the defined boundaries of acceptability for the values of a product or process measurements, beyond which quality control actions must be taken.

Control Chart

Control Chart is a statistical tool used in quality control to monitor, control, and improve the process performance by tracking data variability and highlighting anomalies.