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balance scorecard

Aanonymous10y ago
Hi Sir Can you please explain why the balance scorecard is used? What is it aiming to do? In the balanced scorecard, what is the internal business perspective? I heard the lecture but didn't understand.
kengarrettkengarrettTutor10y ago#1
Balanced scorecard = to point out that good financial performance depends on good performance elsewhere eg generating customer loyalty. Internal business = doing well what you do. Some businesses are cost leaders so cost/unit must be low; other promise v good quality so they must deliver that and low cost is not so important.
Aanonymous10y ago#2
Thank you very much. Very well explained....thank you Sir!!! :)
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