Question: The balanced scorecard is a performance measurement system that recognizes both financial and nonfinancial measures when evaluating a company's performance. The balanced scorecard consists of
The balanced scorecard is a performance measurement system that recognizes both financial and nonfinancial measures when evaluating a company's performance. The balanced scorecard consists of four quadrants: learning and growth, internal business process, customer, and financial.
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Requirement a Indicate in which quadrant of the balanced scorecard each of the following performance measures would appear.
Performance measure
Balanced Scorecard Perspective
i
Cycle processing time
ii
New patents pending
iii.
Employee skill level
iv
Return on investment
v
Scrap and spoilage
vi
Secret shopper ratings
vii.
Customer retention metrics
viii.
Budgets and performance reports
ix
Employee satisfaction ratings
x
Rework cost
xi
Number of new customers
xii.
Budget and variances report
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