Strategic-Based Performance Measures Are Balanced Measures

question 28

Essay

Strategic-based performance measures are balanced measures. Give examples of four types of balanced measures.

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Definitions:

Intellectual Property

Creations of the mind, such as inventions, literary and artistic works, designs, and symbols, that are legally protected from unauthorized use by others.

Trade Secret

Any information that provides a business with a competitive advantage but isn’t shared openly.

Competitive Advantage

The attributes that allow an organization to outperform its competitors, such as superior products, processes, or technology.

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols, names, and images used in commerce.