The Balanced Scorecard (BSC) is the last topic we will study before begin examining the four...

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The Balanced Scorecard (BSC) is the last topic we will study before begin examining the four Classical Functions of Management that compose the Management Process.

Discussion: Briefly summarize the Four Legs of the Balanced Scorecard. Then, summarize the Purpose of the BSC. Lastly, explain what is meant when it isstatedthat three legs have a strong influence and actually "drive" the fourth leg "financial" of the BSC stool. Be specific here and explain how and why that may be. Think about how "historical" the financial reporting really is. After all you can't report profits, losses and other key financial indices until the all the numbers are in and then it is too late to change what has already happened. Therefore, the other three legs of the BSC stool serve to "drive" and change outcomes for the future results recorded in the financial indices.

Khushboo · Accepted Answer

BALANCE SCORECARD ANALYSIS
BALANCE SCORECARD ANALYSIS		3
FROM: KHUSHBOO MURARKA
DATE: 11/03/2019
SUBJECT: BALANCE SCORECARD ANALYSIS
1. 
 Balance scorecard is a strategic performance management tool which helps an organization to improve their functions and internal processes and their resulting external outcomes. There are four prospective or four legs of balance scorecard which are as below:
a. Customer perspective: This perspective includes analysis of customer feedback in terms of quality, price and availability of services or products.
b. Business processes: This prospective includes analysis of business processes, operational efficiency, tracking of gaps and variances in current processes.
c. Learning and growth:

The Balanced Scorecard (BSC) is the last topic we will study before begin examining the four Classical Functions of Management that compose the Management Process. Discussion: Briefly summarize the...

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