The best practices in using a Balanced Scorecard include frequent review and reporting, preferably on a quarterly basis. It's also beneficial to use 3rd Generation Balanced Scorecard designs, as they have been found to provide the highest value. Having multiple Balanced Scorecards can also be advantageous. Lastly, the usefulness of a Balanced Scorecard increases with its proper and consistent use.
Strategic planning is a crucial aspect of a business’ success. That is why Apple, Volkswagen, UPS, C...
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