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The well balanced scorecard is a proper planning and management system that is employed extensively running a business and industry, authorities, and non-profit organizations worldwide to align business activities to the eye-sight and strategy of the organization, improve internal and external communications, and monitor company performance against proper goals. The main element problem identified running a business is that many companies have a tendency to control their businesses based mostly exclusively on financial procedures. While which may been employed by well in the past, the speed of business in today's world requires more detailed procedures. Though financial procedures are necessary, they can only just record what has happened in the past - where a business has been, but not where it is going. It really is like worries by looking in the rear-view reflection.
