Why Is the Balanced Scorecard Method Said to Be "Balanced

question 62

Multiple Choice

Why is the balanced scorecard method said to be "balanced"?

• A)It uses measurable dimensions for assessing performance.
• B)It measures performance of more than just financial systems.
• C)It assesses both the internally focussed and externally focussed business processes.
• D)It measures performance along all major divisions of a firm,from production and manufacturing to human resources.

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Definitions:

Communication Culture

The set of shared beliefs, values, and practices regarding how information is conveyed and received within an organization.

Organization Stories

Narrative accounts that are shared among members of an organization, reflecting its values, norms, and culture.

Organizational Stories

Narratives shared within an organization that encapsulate its values, history, and culture, playing a key role in shaping organizational identity.

Core Values

Core values are the fundamental beliefs and guiding principles that dictate behavior and can help people understand the difference between right and wrong within an organization or individual's ethical framework.