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 four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.

Detailed explanation-3: -We use these four perspectives – physical, emotional, mental and spiritual – to provide the foundation for a sense of wholeness, both as a concept and an experience.

Detailed explanation-4: -These 4 perspectives of a balanced scorecard are interconnected hierarchically. The main aim of most organizations is to achieve enhanced financial results. This is made possible when there is a focus on learning and growth within the organization. Learning and growth enhance the internal capacity of the organization.