ECONOMICS

Detailed explanation-1: -What Are the Four Perspectives of the Balanced Scorecard? 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 financial perspective indicates whether the company’s strategy and operations add value to shareholders. 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.

Detailed explanation-3: -At What Matters, we recommend a maximum of 3-5 objectives at any given time, whereas BSC can have 10-15 objectives. In BSC, “Measures” are the same as “Key Results.” But BSC recommends only having 1-2 measures per objective, while with OKRs you can have 3-5 key results.

Detailed explanation-4: -a strategic-based performance management system that typically identifies objectives and measures for four different perspectives: the financial perspective, the customer perspective, the process perspective, and the learning and growth perspective. those objectives and measures common to most organizations.

Detailed explanation-5: -Internal Processes Perspective. This perspective explains how the company is going to satisfy customer needs and meet financial goals. The most important: Make sure that the goals from the Internal perspective are linked to the goals from the. Customer perspective.