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Investigation of the effect of the balanced scorecard on the performance of the for profit organisations
Finance & Accounting
Pages 30 (7530 words)
1. INTRODUCTION: 1.1. Overview: In this research paper an attempt has been made in order to explore and investigate the effect of the balanced scorecard on the performance of the for profit organisations. Balanced scorecard is being used by several organisations in order to improve the overall output and performance.
1.2. Background of the Research Study: It is important to first understand and comprehend the basic concept of balanced scorecard before investigating its impact on the performance of the organisations. The balanced scorecard provides a new and changed approach towards the management of the performance of the organisation (Lawrie & Cobbold, 2004). It is important to manage, monitor, and control the organisational performance in order to make sure that the organisation is able to accomplish the objectives, vision, and mission defined by the top management (Palladium, 2011). There have been several research studies in order to understand the implementation of the balanced scorecard in effective and efficient manner. 1.3. Significance of the Research Study: The research study will be beneficial for the business analysts and organisations who are looking for the methods and techniques for successful implementation of the balanced scorecard strategic tool in order to manage the overall performance. ...
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