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1NameUnit nameUnit codeDateThe balanced score cardThe balanced score card is a performance stridement system that make use of monetary measure outs , guest berth , leaning measures and business mathematical operationes . It translates the company s schema into the above four billet and balance betweenexternal and internal measuressubjective measures and target measuresperformance results and the drivers of future resultsTraditionally firms summation were considered to be plant , property and equipment just in modern era company s take circular non only take on those br asset but besides it innovate process , human resource and customer confabulation and since financial accounting system cannot be used to entertain such(prenominal)(prenominal)(prenominal) assets the balance score card has been developed to inclu de the new(prenominal) measures i .e .

customer perspective , internal process perspective acquirement and growth perspective and financial measures (finlay , 2000Financial perspective - this include such measures as return on asset economic value added , gross margin , return on pileus employed and gearingCustomer perspective - this measures customer satisfaction , marketplace piece and customer computer memory2Business process perspective - this include measures such as quality throughput and cost . They are used to measure the effectiveness and efficiency of a business process such as production , procureme nt and fulfillmentLearning and growth perspe! ctive - this measures employee retention satisfaction and skill setsThe above perspective are not independent variables but are interconnected as instruction and growth will exact to better processes better processes castrate magnitude value to customer , which in turn lead to amend financial performanceEach perspective should...If you want to get a sufficient essay, order it on our website: OrderCustomPaper.com

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