ECONOMICS

Detailed explanation-1: -The four perspectives of a balanced scorecard are learning and growth, business processes, customer perspectives, and financial data. These four areas, which are also called legs, make up a company’s vision and strategy.

Detailed explanation-2: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.

Detailed explanation-3: -Other Measures for the Internal Business Perspective The internal measures for the balanced scorecard should stem from the business processes that have the greatest impact on customer satisfaction-factors that affect cycle time, quality, employee skills, and productivity, for example.

Detailed explanation-4: -Balanced scorecards enable businesses to collect and analyze data from four critical areas: learning & growth, business operations, customers, and finance.