One financial service organization formerly measured its performance using only a single financial$$ measure, profits. It decided to adopt a more$$ "balanced" measurement approach by introducing a $4$P$$ Scorecard:

$(1)$

Profits

$(2)$

Portfolio$($size of loan$$ volume$)$

$(3)$

Process$(\%$ of processes meeting quality certification$$ standards$)$

$(4)$

People$($meeting diversity goals in$$ hiring$).$

Requirement

Evaluate the strengths and weaknesses of the$"4$P Scorecard."

Question content area bottom

Part $1$

This $4$P scorecard is

$$

balanced than a scorecard that uses only a single$$ measure, but it has

$$

It

$$

does not have

has

$$cause$-$and$-$effect linkages across each of its measures.