The four categories of a balanced scorecard are financial perspective, internal business perspective, customer perspective, and learning and growth perspective. Financial perspective measures are usually traditional measures, based on financial statement information such as EPS or ROI.
The balanced scorecard involves measuring four main aspects of a business: Learning and growth, business processes, customers, and finance.
The four perspectives of a balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.
A performance scorecard is a graphical representation of the progress over time of some entity, such as an enterprise, an employee or a business unit, toward some specified goal or goals. Performance scorecards are widely used in many industries throughout both the public and private sectors.
The balanced scorecard is a management system aimed at translating an organization's strategic goals into a set of organizational performance objectives that, in turn, are measured, monitored and changed if necessary to ensure that an organization's strategic goals are met.
The balanced scorecard frameworkThe balanced scorecard framework derives its power by providing a holistic view of business value through its four perspective.
What are the two basic approaches to improving a company's financial performance? Select the two broad approaches that companies can use to generate additional revenues. Introducing new products, selling to new customers, or expanding into new markets.