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Book chapter
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Reference no. 1654BC
Chapter from: "The Balanced Scorecard: Translating Strategy into Action"
Published by: Harvard Business Publishing
Published in: 2006

Abstract

Financial objectives represent the long-term goal of the organization: to provide superior returns based on the capital invested in the unit. Building a balanced scorecard should encourage business units to link their financial objectives to corporate strategy. Looks at the dual role financial objectives and measures must play, defining the financial performance expected from the strategy, and serving as the ultimate targets for the objectives and measures of all the other scorecard perspectives. This chapter is excerpted from ‘The Balanced Scorecard: Translating Strategy into Action'.

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Abstract

Financial objectives represent the long-term goal of the organization: to provide superior returns based on the capital invested in the unit. Building a balanced scorecard should encourage business units to link their financial objectives to corporate strategy. Looks at the dual role financial objectives and measures must play, defining the financial performance expected from the strategy, and serving as the ultimate targets for the objectives and measures of all the other scorecard perspectives. This chapter is excerpted from ‘The Balanced Scorecard: Translating Strategy into Action'.

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