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An article on public libraries contained the following statement: "The Balanced Scorecard helps organize and run the library according to a specific strategic plan, while demonstrating the library's value to the community as a whole." When dealing with the customer area of the Balanced Scorecard, the article advised librarians to use customer surveys. Why might this be a poor strategy to use?
Net Present Value
Net Present Value (NPV) is a financial metric that calculates the value of a series of cash flows by discounting them back to the present-day using a specific discount rate.
Electronic Transmission
The process of transferring data or documents over electronic networks, such as the internet or email.
Initial Investment
Initial investment refers to the amount of money used to start a business venture, purchase capital assets, or invest in a project.
Internal Rate Of Return
A financial metric used to evaluate the profitability of potential investments, based on the net present value of cash flows.
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