The Balanced Scorecard (BSC) helps in improving the profitability of a company by providing a comprehensive framework for translating a company's strategic objectives into a set of performance indicators distributed among four perspectives: Financial, Customer, Internal Business Processes, and Learning and Growth. By focusing on these areas, a company can align its business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. This holistic approach to strategic management can lead to improved profitability.
Strategic planning is a crucial aspect of a business’ success. That is why Apple, Volkswagen, UPS, C...
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