The Limitations of Traditional Financial Metrics and the Promise of the Balanced Scorecard
In an era characterized by rapid technological advancements, globalization, and the need for constant innovation, businesses are realizing that they need to re-evaluate their performance metrics. The old adage, “What you measure is what you get,” rings truer than ever. Traditional financial metrics, like return-on-investment (ROI) and earnings-per-share (EPS), while vital, do not offer a...