The Balanced Scorecard Is a Useful Tool for Setting and Monitoring

question 32

True/False

The balanced scorecard is a useful tool for setting and monitoring performance targets for firms that pursue stakeholder goals;it is less useful for firms that seek to maximize profits over the long term.

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Definitions:

Self-Actualizing Potential

The inherent tendency of individuals to grow, develop, and realize their fullest potential.

Conditions of Worth

Standards that individuals believe they must meet to earn positive regard from others, often explored in the context of client-centered therapy.

Conditional Positive Regard

A concept in psychology where acceptance and love are contingent on an individual's behavior meeting certain conditions or standards.

Facilitative Factor

An element or condition that enhances or makes easier the achievement of a goal, outcome, or process, especially in therapeutic settings.