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Explain the Four Perspectives of the Balanced Scorecard and How

question 14

Essay

Explain the four perspectives of the balanced scorecard and how a balanced scorecard is related to a strategy map.


Definitions:

Alike in Respects

Similar or comparable in certain ways or aspects.

Causal Relationships

Connections between two events where one event is understood to be a direct result of the other.

Generalization

A broad statement or an idea that applies to a group based on experiences with or observations of a smaller segment of the group.

Controlled Experiments

Experimental designs in which researchers manipulate variables under controlled conditions to determine cause and effect.

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