The Balanced Scorecard is popular among organizations due to several reasons. Firstly, it allows for frequent review and reporting, with a significant increase in organizations moving towards quarterly reporting. Secondly, the 3rd Generation Balanced Scorecard designs are the most popular and provide the highest value, with 89% of organizations expressing extreme satisfaction. Additionally, the utility of the Balanced Scorecard has been recognized, with an increase in respondents stating that their Balanced Scorecard was extremely or very useful. Lastly, the flexibility of the Balanced Scorecard is evident in the fact that almost two-thirds of organizations reported having multiple Balanced Scorecards.
Strategic planning is a crucial aspect of a business’ success. That is why Apple, Volkswagen, UPS, C...
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