The Balanced scorecard method is a framework for operating a firm's strategic plan.
The Balanced scorecard is a management performance metric used to identify and improve the company's internal operations to help in managing their external outcomes.
It forms an important part of managing the internal factors which can be controlled and helps to measure past performance data as well as provides feedback to make better decisions. Used to measure and provide feedback to organizations.
It was developed for profit, non-profit, and government organizations. It helps companies to pool information in a single report.
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