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  • Feb 3, 2023 · The balanced scorecard framework uses four perspectives: 1.
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    Document Type: Essay.

  • Examples of different types of financial goals include: Improve your financial literacy; Create a budget; Save for retirement and other long-term plans; Save for short-term and mid-term plans; Pay off debt.
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    A Balanced Scorecard looks past financial indicators alone and makes more effective management possible.

  • By understanding these metrics, you can be better positioned to know how.
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  • Focus on delivering products and services in a timely manner.
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    The balanced scorecard says that four sets of measurements are needed.

  • Note that not every school chooses to put financial objective statements at the top; others use different perspectives and place them differently on the map.
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    If you didn’t want or need a separate Financial perspective, any financial objectives (managing costs, for example), could nestle in under the Internal Process perspective.

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    Under the financial perspective, the goal of a company is to ensure that it earns a return on the investments made and manages key risks involved in running the business.