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Your boss recently attended an accounting seminar at which the balanced scorecard was discussed. He has asked you to prepare a presentation for the next manager's meeting about the balanced scorecard and how EEC might adopt it. In your presentation, complete the following:
Define the elements that might be presented in a balanced scorecard
Explain how it is used
Make a recommendation of whether or not EEC should adopt the balanced scorecard
If adopted, how might itimprove the company?
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This paper talks about balanced scorecard and how it can be used to measure performance in a company, recommendations for successful implementation in ECC has been made along with what parameters to focus on and how can they benefit from this.
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