A sign of the successful implementation of a balanced scorecard is the presence of cause-and effect relationships.

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A sign of the successful implementation of a balanced scorecard is the presence of cause-and effect relationships. An example of this success for a hotel is meeting the target of:

a. Decreasing a customer’s check-in time, which causes an increase in the number of implemented employee suggestions.

b. Increasing employee training hours, which causes employee compensation to increase.

c. Increasing profit, which causes an increase in employee job satisfaction ratings.

d. Receiving more 5-star ratings from customers, which causes an increase in profit.

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Related Book For  answer-question

Forensic And Investigative Accounting

ISBN: 9780808056300

10th Edition

Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton

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