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Balance Scorecard

This solution examines the issue of balance scorecard and defines its purposes.

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In today's modern era of big businesses, companies try to secure innovative technology for the future. Companies seek new ways to achieve more for less. This goal usually occurs after companies recognize how well they are performing. Implementation of new and exciting technology drives companies to improve internally. Improvement often occurs by implementing new business technologies to drive revenue and cut costs. Different business segments internally measure performance values to maintain a level of efficiency to reach all company goals of implementing new business strategies with effective communication. All segments of newly implemented technology offer huge dividends for companies.

My current organization asked me to prepare a summary of Balance Scorecard and a summary of Economic Value Added. As a result, there are various differences between the two. These contrasts are covered within this summary.