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The Balanced Scorecard Aids in Continuous Improvement by Augmenting Financial

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The balanced scorecard aids in continuous improvement by augmenting financial measures with drivers or indicators of future financial performance.


Definitions:

Initial Investment

The initial amount of money spent to purchase an asset or start a project.

Annuities

Financial products that provide a series of payments over time, often used for retirement income.

Internal Rate

Often refers to the internal rate of return (IRR), which is a metric used to evaluate the profitability of potential investments.

Minimum Required

The least amount or level needed for a specific purpose, such as the minimum required investment or stock balance.

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