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    Balanced Scorecard and Economic Value Added

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    The organization that you work for has been thinking about implementing one of the items below and they have asked you to prepare a summary of these topics. Using the Library, the internet and other resources, research the following topics:
    ? Balanced Scorecard
    ? Economic Value Added

    © BrainMass Inc. brainmass.com June 3, 2020, 8:28 pm ad1c9bdddf
    https://brainmass.com/business/balanced-scorecard/balanced-scorecard-and-economic-value-added-139272

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    Balanced Scorecard:

    The balanced scorecard is a management system (not only a measurement system) that enables organizations to clarify their vision and strategy and translate them into action. It provides feedback around both the internal business processes and external outcomes in order to continuously improve strategic performance and results. When fully deployed, the balanced scorecard transforms strategic planning from an academic exercise into the nerve center of an enterprise.

    Recognizing some of the weaknesses and vagueness of previous management approaches, the balanced scorecard approach provides a clear prescription as to what companies should measure in order to ...

    Solution Summary

    The balanced scorecard is a management system (not only a measurement system) that enables organizations to clarify their vision and strategy and translate them into action.

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