State the Strategy for Each of the Perspectives of the Balanced

question 254

Essay

State the strategy for each of the perspectives of the balanced scorecard.
$$\begin{array} { | l | l | } \hline \begin{array} { c } \text { Balanced scorecard } \\\text { perspective }\end{array} & \text { Strategy } \\\hline \text { Financial } & \\\hline \text { Customer } & \\\hline \text { Internal business } & \\\hline \text { Learning and growth } & \\\hline\end{array}$$

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Definitions:

Knowledge Management

The process of capturing, distributing, and effectively using knowledge within an organization.

Knowledge Creation

The process of generating new ideas, solutions, or innovations through the transformation and combination of existing information.

Knowledge Hoarding

The practice of individuals or organizations deliberately keeping or withholding knowledge from others, often to maintain a competitive advantage or control.

Knowledge Application

The use of accumulated information and skills in practical situations to solve problems or achieve goals.