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The Balanced Scorecard Framework Consists of Four Perspectives: Financial Perspective,human

question 17

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The Balanced Scorecard framework consists of four perspectives: financial perspective,human resources perspective,inventory perspective,and the logistics perspective.


Definitions:

Employee Participation

involves the active engagement and contribution of employees in decision-making processes and activities within an organization, aiming to improve morale, efficiency, and workplace democracy.

Employee Involvement Programs

Initiatives designed to engage employees in decision-making processes, aiming to improve job satisfaction and productivity.

Mass Production Process

The mass production process involves the large-scale manufacturing of standardized products using assembly line techniques and machinery, significantly increasing efficiency and output.

Precision Auto Parts

A hypothetical or specific company engaged in the production of highly accurate automotive components designed to meet strict quality standards.

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