Balanced measurement approach by introducing a 4p scorecard


Problem:

One financial service organization formerly measured its performance using only a single financial measure, profits. It decided to adopt a more balanced measurement approach by introducing a 4P Scorecard:

(1) Profits

(2) Portfolio (size of loan volume)

(3) Process (% processes meeting quality certification standards)

(4) People (meeting diversity goals in hiring). Evaluate the strengths and weaknesses of the ?o4P Scorecard.??

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Accounting Basics: Balanced measurement approach by introducing a 4p scorecard
Reference No:- TGS02026426

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