Explain Why a Company Could Implement a Balanced Scorecard Successfully

question 95

Essay

Explain why a company could implement a balanced scorecard successfully, but see no improvements in profitability.

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Definitions:

Motivate Employees

Strategies and practices designed to increase staff enthusiasm and drive, encouraging them to be more engaged and productive.

Motivational Factor

Elements that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, and to exert persistent effort in attaining a goal.

Responsibility

The obligation, placed on employees through delegation, to perform assigned tasks satisfactorily and be held accountable for the proper execution of work.