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What Is the Meaning of the Term "Balanced Scorecard"? What

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What is the meaning of the term "balanced scorecard"? What are the merits of using a balanced scorecard in judging a company's performance?


Definitions:

Processes of Change

Steps or activities that individuals go through to alter behaviors, attitudes, or aspects of their lives.

Transtheoretical Model

A theory outlining stages of change in behavior, used to understand and guide individuals through the process of making a health-related change.

Transtheoretical Model

A theory of behavior change that describes the process of intentional change through distinct stages.

Stages of Change

A psychological model that outlines an individual's journey towards changing behavior, typically presented in five or six stages including precontemplation, contemplation, preparation, action, maintenance, and sometimes relapse.

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