Some companies design their management control system around the concept of the balanced scorecard.

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The balanced scorecard is a popular framework for designing and implementing management control systems. It emphasizes the importance of balancing financial and non-financial metrics across multiple perspectives, such as customer satisfaction, internal processes, and organizational learning and growth. Many companies have adopted the balanced scorecard approach to better align their strategic objectives with performance measures and incentives for managers and employees.

Some Companies Design Their Management Control System Around the Concept