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What is Balanced Scorecard management?
A balanced Scorecard management is a strategic planning tool in the management system through which the mangers can easily get information about how automation tools and the design method, which supports semi-standard arrangement reports, work. They also try to control the execution of various actions by the employees and observing the outcome of each action.
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What are the critical characteristics?
There are some crucial characteristics, which defines the term Balanced Scorecard. These are as
- It concentrates on the various agenda that are strategic and relate to the business or organization concerned.
- Each data item of small number needs to monitor.
- Both Financial and non financial data items are availed.
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What are the different uses of balance scorecard?
- A selection of data is required to measure.
- Corrective intervention can be made.
- Setting of a predictable value of records.
What are the various perspectives?
- Learning and growth perspective.
- Business process perspective.
- Customer perspective.
- Financial perspective.
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What are the different designs of the Scorecard?
- First Generation balanced Scorecard.
- Second generation balanced Scorecard.
- Third Generation Balanced Scorecard.
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