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In the Mentholatum project you developed a benchmarking system that derived from the theory of a...

In the Mentholatum project you developed a benchmarking system that derived from the theory of a Balanced Scorecard. Discuss how financial and non-financial factors can be used by an organization to achieve strategic goals. Please make sure that you are specific in your responses with respect to the concept of a balanced scorecard (bullet points are preferred).

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Balanced Score card is a very vital concept in terms of benchmarking to consider financial and non finacial factor as well so that business can assess the capibility of business partner and quality of resources provided by them. Some are the following points using which organisation can achieve its strategic goals.

> Balance score card covers all the aspects and its relevant score to judge the given resource how they good are.

> It fixes the hirarchy of the given resourcesso that priority can be fixed.

> Organisation are in a better position to judge how what factor are lacking the given resources are.

> Every king of strength can be evaluated throgh this method.

> In this method comparison can be made among various available resources.

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