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Review:

Balanced Scorecard

overall review score: 4.5
score is between 0 and 5
The Balanced Scorecard is a strategic performance management tool that helps organizations track and monitor their key performance indicators.

Key Features

  • Measures both financial and non-financial metrics
  • Aligns organizational goals with strategic objectives
  • Provides a comprehensive view of organizational performance
  • Promotes communication and collaboration within the organization

Pros

  • Helps organizations focus on both short-term and long-term goals
  • Encourages a balanced approach to performance measurement
  • Facilitates communication across different departments

Cons

  • Implementation can be time-consuming and costly
  • Requires ongoing monitoring and adjustments to remain effective

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Last updated: Wed, Jan 8, 2025, 10:37:50 AM UTC