GENERAL KNOWLEDGE

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GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The concept that there are three important stakeholders for every company-the stockholders, the customers, and the employees-and for a business to succeed in the long run it must satisfy the expectations of all three stakeholders.
A
HR Scorecard
B
HR Metrics
C
Balanced Scorecard
D
HR Dashboard
Explanation: 

Detailed explanation-1: -A balanced scorecard (BSC) is defined as a management system that provides feedback on both internal business processes and external outcomes to continuously improve strategic performance and results.

Detailed explanation-2: -Other Measures for the Customer’s Perspective To put the balanced scorecard to work, companies should articulate goals for time, quality, and performance and service and then translate these goals into specific measures.

Detailed explanation-3: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.

Detailed explanation-4: -Customers and stakeholders The second perspective for the balanced scorecard framework is the perspective of a company’s customers and stakeholders. This perspective focuses on fulfilling a company’s value proposition, or its statement that makes its products attractive for customers to purchase.

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