1.Examine how a balanced scorecard is used to improve management systems and decrease business risks.

Expert Solution

The following explains on how the balance scorecard is used to improve management systems and decrease business risks:

1. Balance score can be defined as a strategy where in decision making are made through metrix driven strategy.

2. It gives a big picture of all organization performs and runs with the help of big data analysis.

3. Balance scorecard can be used for performance analysis, attrition analysis and all analysis related to human resource, financial analysis, operational analysis etc. By doing all these analysis an organization can know about their past performance and predict future.

4. The future prediction can avoid major risk which can happen on any organization, so that can be as an alert to improve business development.

5. This balance scorecard helps to understand on the quality, cost etc the organization which helps to meet customer needs and that helps to improve management systems and decrease business risks.

keosha answered 11 months ago

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