Assessment method of company performance

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Reference no: EM133039494

Question: The underlying premise of the balanced scorecard is that firms weaken their future performance possibilities when financial controls are emphasized at the expense of strategic controls. Financial controls provide feedback about outcomes achieved from past actions, but do not communicate the drivers of the firm's future performance.

These drivers can promote organizational behavior that has a net effect of sacrificing the firm's long-term value by creating potential for short-term performance gains (Hitt, Ireland & Hoskisson, 2016).

Differentiate two assessment methods of company performance, with one method being the Balanced Scorecard. View this link for more on this method of assessment: Compare the two methods and note at least three similarities and differences. Summarize your thoughts on the value of each method. Hitt M.A., Ireland R.D. & Hoskisson R.E. (2016).

Strategic Management: Concepts and Cases (12th Ed.). Cengage Directions to student: The final paragraph (three or four sentences) of your initial post should summarize the one or two key points that you are making in your initial response. You will be writing three or more discussion posts per week.

Your main post must be two to three substantive paragraphs 150-200 total words and include at least two APA-formatted citations/references.

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The report is all about BSC and financial performance measurement systems. Typically the methods do have some similarities and differences. 3 aspects from each category are discussed in the attachment. References are included,

Reference no: EM133039494

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