which of the following is a disadvantage of the balanced scorecard approach to measure firm performance?

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Nature

A disadvantage of the balanced scorecard approach to measuring firm performance is that it provides only limited guidance about which specific performance metrics to choose. This can lead to the selection of inappropriate or ineffective indicators, which may misrepresent the organization's true performance. Additionally, challenges include difficulty in obtaining buy-in from all levels of the organization, the need for accurate and timely data, and complications in translating insights into actionable improvements. These issues can hinder the balanced scorecard's effectiveness if not properly managed.