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Explain the analogy between financial measures

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Some advocates of the balanced scorecard have argued that managing a company with just financial performance measures is like driving a car and just looking in the rearview mirror. That's why they recommend customer, internal processes, and learning and growth measures that, they believe, focus attention on what a company is doing today to create future value.

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Explain the analogy between financial measures and driving using just the rearview mirror.

Reference no: EM13957932

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