A Balanced Scorecard Should Include Five to Seven Measures in Each

question 116

Essay

A balanced scorecard should include five to seven measures in each of four perspectives: Learning and growth,internal business processes,customer,and financial.
Required:

List six measures that relate to the learning and growth perspective.

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Definitions:

Policies

A set of principles or rules created to guide decisions and achieve rational outcomes within a specific field or organization.

Procedures

Procedures are established methods or sequences of steps followed to complete a task or achieve a specific goal, often documented to ensure consistency and efficiency.

Compliance

The act of following and adhering to laws, regulations, standards, and ethical practices within a business or societal context.

Strategic Management

Strategic management involves the formulation and implementation of the major goals and initiatives taken by a company's top management, based on consideration of resources and assessment of the internal and external environments.