A balanced scorecard “incorporates financial and nonfinancial measures in an integrated system
A balanced scorecard “incorporates financial and nonfinancial measures in an integrated system that links performance measurement with a company’s strategic goals” (Weygandt & Kimmel, 2017). It basically seems to be a tool used by a company to ensure they are meeting whatever goals they have set; it ensures this by examining various factors within the company that would affect the goals. For nonfinancial measures, a company might use a customer satisfaction survey to understand what their customers like or dislike and make adjustments to better suit their needs. Another nonfinancial measure could be training employees to strengthen their necessary skills and encouraging morale at work.
Weygandt, J. J., & Kimmel, P. (2017). Survey of Accounting WileyPlus Access Code + Survey of Accounting. Retrieved from http://www.gcumedia.com/digital-resources/wiley-and-sons/2016/survey-of-accounting_ebook_1e.php
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.