ECONOMICS

Detailed explanation-1: -The goal of the balanced scorecard is to tie business performance to organizational strategy by measuring results in four areas: financial performance, customer knowledge, internal business processes, and learning and growth.

Detailed explanation-2: -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-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: -Balanced scorecards enable businesses to collect and analyze data from four critical areas: learning & growth, business operations, customers, and finance.

Detailed explanation-5: -The financial perspective describes the ultimate objectives of the organization. This perspective allows you to determine if your organization is successful in realizing its strategy by interpreting indicator values.