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The Balanced Scorecard - advantages and disadvantages (Paperback)
Loot Price: R877
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The Balanced Scorecard - advantages and disadvantages (Paperback)
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Seminar paper from the year 2006 in the subject Business economics
- Controlling, grade: 1,0, University of Northampton (University of
Northampton), course: Management Accounting - Decision Making, 15
entries in the bibliography, language: English, abstract: ... The
Balanced Scorecard (BSC), developed 1992 by Kaplan and Norton, is a
concept which measures a company's performance on the basis of
traditional financial figures as well as non-financial measures.
Therewith it provides managers with more relevant information than
just with data about actions and decision of the past. (2gc ltd.,
2003; Joyce&Woods 2001, Wheelen&Hunger 2002) It is built on
four essential pillars - finance, learning&growth, customers
and internal business processes - which all must be linked with the
corporate vision and strategy to fathom the performance from
different perspectives. ...
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