Discuss the Following Components of the Balanced Scorecard

question 93

Essay

Discuss the following components of the balanced scorecard:
(1) financial
(2) internal business proces5es
(3) custamers
(4) innovation and imgrovement activities

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Definitions:

Macroenvironment Analysis Framework

A strategic tool used to analyze the external environment that a business operates in, often involving political, economic, sociocultural, technological, environmental, and legal factors (PESTEL).

Inflation

Refers to the persistent increase in the prices of goods and services.

Growth Of Industry

The process of expansion and increased productivity within a specific sector of the economy.

Greenwashing

The practice of making misleading or unsubstantiated claims about the environmental benefits of a product, service, or company in order to present an image of environmental responsibility.