Question: Explain major differences of a balanced scorecard (BSC) compared to more traditional (financial) performance management techniques. Describe The characteristics of a good BSC BSC as

  1. Explain major differences of a balanced scorecard (BSC) compared to more traditional (financial) performance management techniques.

Describe

  1. The characteristics of a good BSC
  2. BSC as a tool for strategy
  3. Pitfalls of implementing a BSC
  4. Effectiveness of BSC approaches as performance management system

[25 marks]

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