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The balanced scorecard is a strategic management tool that provides a comprehensive view of an organization's performance by incorporating financial and non-financial metrics. Its strengths include fostering a holistic approach to strategy execution and aligning organizational activities with vision and goals. However, its weaknesses lie in the complexity of implementation and the potential for information overload if too many metrics are included, which can dilute focus and hinder decision-making. Additionally, organizations may struggle with effectively communicating the scorecard's insights across all levels.

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2w ago

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