BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Considering balanced scorecard, perspective in which performance of organization includes is financial perspective, learning and growth perspective and customer perspective.

Detailed explanation-2: -Under the financial perspective, the goal of a company is to ensure that it earns a return on the investments made and manages key risks involved in running the business. The goals can be achieved by satisfying the needs of all players involved with the business, such as the shareholders, customers, and suppliers.

Detailed explanation-3: -The Balanced Scorecard translates a firm’s strategy in a comprehensive set of performance measures in four perspectives: financial, customer, internal processes, learning and growth.

Detailed explanation-4: -The measurement taken by a balanced scorecard helps the company to improve, innovate. The main reason to include financial performance is how efficient the process is working. Financial performance shows the condition of a company.

Detailed explanation-5: -An example of financial perspective in balanced scorecard is operating income and revenue growth. For organisations that do not have shareholders, the financial perspective indicates how well the strategy and operations contribute to improving the organisation’s financial health.