Question

How is the balanced scorecard related to strategic and operational control?

Answer 1

Balance scorecard is generally a strategic system which is required for planning and management and that is done by reviewing the performance of the organization based on the strategic goals of the organization. The business activities of the organization are generally used against vision and strategy of the organization as well. If we want to depict on why do we use balanced scorecard, then the answer is clear that it is used to improve the performance of organizations based on the changes that are required to make and as discussed the strategy is an important factor along with that the daily operations is also an important aspect as well which will ensure that popper optimization is established or not and based on such factors and control it can be used for the betterment of the organizations.