The Balanced Scorecard (BSC) contributes to a business' success by providing a comprehensive framework for strategic planning and management. It allows businesses to translate their vision and strategy into actionable objectives and measures. The BSC examines an organization from four different perspectives - financial, customer, internal process, and learning and growth. This helps leaders to develop objectives, Key Performance Indicators (KPIs), targets, as well as initiatives and campaigns in relation to these perspectives. This holistic approach ensures that the business strategy is balanced and aligned with the organizational goals, leading to improved performance and success.
Strategic planning is a crucial aspect of a business’ success. That is why Apple, Volkswagen, UPS, C...
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