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What Are Some of the Possible Positive Managerial Outcomes to the Development

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Essay

What are some of the possible positive managerial outcomes to the development and use of a balanced scorecard?


Definitions:

Feedback Loop

A system in which the output or result of an action is returned (fed back) to modify the next action or decision.

Response

An individual's reaction to a stimulus or an event, which can be measured in various contexts, including marketing and psychology.

Feedback

Information about reactions to a product, a person's performance of a task, etc., used as a basis for improvement.

Decoding

The process by which a receiver interprets and understands the message sent by a sender.

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