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Business A2 > 3.7.2 Analysing the existing internal position of a business strengths and weaknesses financial ratio analysis > Flashcards

3.7.2 Analysing the existing internal position of a business strengths and weaknesses financial ratio analysis Flashcards

1
Q

Kaplan and Nortons scorecard features?

A

Internal Processes
Financial
Organisation capacity
Customer

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2
Q

Advantages of using Kaplans scorecard

A

-Highly flexible ( the kpis are chose by business)
-Involves everyone in business not just financial stakeholders

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3
Q

Balanced scorecard problems

A

-Danger of too many KPIS
Needs to be updated frequently to be useful

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Business A2 (20 decks)

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