BALANCED SCORE CARD - BSC
Strategic management and planning system employed extensively by organizations and businesses worldwide. The benefits of the system include additional focus on results, better performance and communications, and aligning business activities with organization strategy.
What the balance score cards is proposing is that the organization must be taken from four perspectives, with metric developed, and data are collected and analyzed for each of them. The four perspectives are: Learning and Growth; Financial; Customer; and Internal Business Processes.
POPULAR TERMS
Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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