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Consider the following scenario: The organization that you w

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Consider the following scenario:
The organization that you work for has been thinking about implementing one of the following performance measures:

Balanced Scorecard
Economic Value Added
It has asked you to prepare a summary and make a recommendation as to what performance measure should be used. Use the library, the Internet, and other resources, to research these topics and provide support for your recommendation.

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Solution Summary

Consider the following scenario:
The organization that you work for has been thinking about implementing one of the following performance measures:

Balanced Scorecard
Economic Value Added
It has asked you to prepare a summary and make a recommendation as to what performance measure should be used. Use the library, the Internet, and other resources, to research these topics and provide support for your recommendation.Consider the following scenario:
The organization that you work for has been thinking about implementing one of the following performance measures:

Balanced Scorecard
Economic Value Added
It has asked you to prepare a summary and make a recommendation as to what performance measure should be used. Use the library, the Internet, and other resources, to research these topics and provide support for your recommendation.

Solution Preview

Between the two choices, I would recommend the balanced scorecard, hands down. The economic value added approach is based on mathematics, and does have value. However, the balanced scorecard is a viable, active, evolving measure of the organization's performance. The company first evaluates each crucial aspect of the company, to determine where the company is succeeding, and where the company needs to adjust their performance, ...

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