Review at least 4 academically reviewed journal articles on Balanced Scorecard and complete the following activities: 1. Write annotated summary of each article (Note a summary is different to a...

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Balanced Scorecard
The traditional financial reports are used by the organizations as they are helpful in reflecting only the past actions. With the help of traditional financial report, we can check for the spending incurred and all the revenues which are on by the organization. But it does not allow us to measure the creation or destruction of any future economic value (Quesado, P. R., Aibar Guzmán, B., & Lima Rodrigues, L).
So, there was a need of something new which can help the organization and reduce their workload personally. The balanced scorecard is used to identify the factors which can help the organization to create some long-term economic value. For example, the customer focus is generally used to satisfy, retain and acquire the customers for the targeted segments. The business processes are meant to deliver the value proposition to the targeted customers.
The major task is to have innovative products in the services, flexible, high quality and responsive operating processes and the excellent post-sales support for the business processes. The organizational growth and learning are also supported by the balanced scorecard. It allows us to develop skilled and motivated employees (Thakkar, J., Deshmukh, S. G., Gupta, A. D., & Shankar, R). We can achieve the access for the...