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The Text Discusses a "Balanced-Scorecard" Approach to Creating Competitive Advantage

question 16

Essay

The text discusses a "balanced-scorecard" approach to creating competitive advantage.What items are being "balanced" in this approach?


Definitions:

Sustainability

The principle of meeting current needs without compromising the ability of future generations to meet their own, often focusing on environmental, economic, and social balance.

Reciprocity

The practice of exchanging things with others for mutual benefit, especially privileges granted by one country or organization to another.

Transparency

The practice of being open, honest, and straightforward about various aspects of a company's operations, policies, and decisions.

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