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balance scorecard can assist in monitoring and reporting results?

balance scorecard can assist in monitoring and reporting results?

Very well stated Jessica, nicely addressing the key components of the balance scorecard. A key driver of enterprise performance is the culture within the company that fosters continual learning and growth at all levels of management. Improvement in business processes must take place across all parts of the value chain. The performance-reporting system, if effective, aligns results with managers’ goals and objectives, provide guidance to managers, communicate goals and their level of attainment throughout the organization, and enable organizations to anticipate and respond to change in a timely manner

Designers of a Management Control Systems must also weigh the costs and benefits of various alternatives. These are often difficult to measure, and both may become apparent only after experimentation or use.

What are your thoughts on how a balance scorecard can assist in monitoring and reporting results?

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