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a balanced scorecard and balanced scoreboard

The balanced scoreboard is said to be "balanced" because it measures ______.

short-term and lonterm objectives, financial and nonfinancial objectives, internal and external objectives, or all of these

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The objective of the four questions is to make you think about what constitutes a balanced scorecard and what constitutes a balanced scorecard. The question then uses the ploy to make you apply the concept to objectives of different types. This has got two purposes, first to make you apply the concepts to situations like your business or your career and clarify your thinking about business and education. Secondly, by applying the concept to your own career you internalize the concept very well.

The question makes several assumptions. First it supposes that it is important to determine if a company is balanced or otherwise, this need not be true, whether a company is balance or not often depends upon the deliberate strategy of the company and the degree of balance is subordinate to the strategy. For instance a company out of a mix of 40 products spend 90 percent of its advertising expenditure on advertising just two of its products. Naturally an outsider would conclude the company is unbalanced. But this would most likely be a part of a well thought out marketing policy. Second, the question assumes that there exists a scorecard, personal or corporate, and it is possible to read if a scorecard is balanced or not. This may not be possible and results may not be veracious. A student may deliberately take certain courses and decide to follow the policy of and unbalanced scorecard and might fail to get the job he was ...

Solution Summary

This job examines what constitutes a balanced scorecard and scoreboard.