Strategic initiatives in the Balanced Scorecard (BSC) play a crucial role in achieving the objectives set by an organization. They are the actions that need to be taken to reach the targets. These initiatives are developed in relation to the four perspectives of the BSC, which are financial, customer, internal process, and learning and growth. They help in performance analysis and evaluation.
Strategic planning is a crucial aspect of a business’ success. That is why Apple, Volkswagen, UPS, C...
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