Budgeting and Balanced Scorecard

Continuing the scenario from the Modules 3 and 4 discussions consider the information provided by using a balanced scorecard.

• Discuss what a balanced scorecard is and how it might benefit your company.
• Identify and discuss the types of information that would be included in a balanced scorecard that would not be readily apparent on your financial statements.
• How could you use the information from the balanced scorecard to improve operations and increase your division’s profitability? Provide at least three specific examples.