The benefits of using a Balanced Scorecard in strategic planning include frequent review and reporting, satisfaction with the design, and usefulness. The Balanced Scorecard allows organizations to review their performance on a quarterly basis, which is a significant increase from previous years. The 3rd Generation Balanced Scorecard design is popular and highly valued, with 89% of organizations expressing extreme satisfaction. Additionally, the usefulness of the Balanced Scorecard has increased, with 88% of respondents in 2019 finding it extremely or very useful, compared to 75% in 2018.
Strategic planning is a crucial aspect of a business’ success. That is why Apple, Volkswagen, UPS, C...
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