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Translating a strategy into financial and non-financial

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Reference no: EM132203261

The balanced scorecard requires measures to 'cascade down' an organisation, this means: 

  • It is a system that focuses on translating a strategy into financial and non-financial measures.
  • SPMS requires linking performance measures in cause-and-effect relationships.
  • SPMS requires the development of a strategy map first, followed by a balanced scorecard.
  • SPMS can be used by non-profit organisations.

Reference no: EM132203261

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