One of the major benefits of using a balanced scorecard is the recognition that business success is driven by factors in addition for the financials is a true statement.
What are the benefits of using a balanced scorecard?
Balanced scorecard is known to be made up of some interwoven internal perspectives such as the financial, customer, operations and organizations that are often used to create and define value. its advantages includes:
- It offers structure to one's strategy.
- It helps to ensure easy communication of one's strategy.
- It does merge your departments and divisions together, etc.
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