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If an improvement in one performance indicator on a balanced scorecard is meant to lead to an improvement in another, then employees must work harder. The statement is false.
What are the four methods for implementing the balanced scorecard?
The framework of the balanced scorecard, which is used to implement strategies, consists of the areas of financial strategy, customer, internal company, and innovation and learning.
What is a balanced scorecard approach?
A management tool known as the balanced scorecard is used to translate an organization's strategic goals into a set of performance targets. The strategic goals are then monitored, evaluated, and updated as necessary to ensure that these objectives are met.
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