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An integrated set of performance metrics that are derived from and support a company's strategy make up a balanced scorecard.
A balanced scorecard is a strategy performance management tool, or a well-structured report, that managers may use to keep track of how the employees under their supervision are carrying out their duties and the results of those decisions. In a [tex]2020[/tex] survey [tex]88[/tex]% of respondents said they used the balanced scorecard to manage the implementation of a strategy and[tex]63[/tex]% said they used it for operational management. The phrase "balanced scorecard" primarily refers to a performance management report used by a management team, and typically this team is focused on managing operational activities. Individuals can use the Balanced Scorecard to monitor their own performance, however
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