Question

One of the major benefits of using a balanced scorecard is the recognition that business success is driven by factors in addition for the financials. True False

Answer 1

Answer:

True

Explanation:

The major benefits of using a balanced scorecard is the recognition that business success is driven by factors in addition for the financials.

This is true because the balanced scorecard helps in the balanced assessment of the different factors such as key strategic decisions etc are also responsible for an organization’s growth and developments asides the financials alone.

Answer 2

True, one of the major benefits of balanced scorecard is that its helps recognize factors which are necessary to drive a business success.

The Balanced scorecard is a management performance metric which helps to identify and improve the company's internal operations to help their external outcomes.

The Balanced scorecard forms part of internal factors which can be controlled and helps to measures past performance data as well as provides feedback to make better decisions.

Therefore, it is true that one of the major benefits of balanced scorecard is that its helps recognize factors which are necessary to drive a business success.

Learn more about Balanced scorecard here

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