As a result
As a result, (Corrigan 1995) have established the concept of the Balanced Scorecard as a supplementary sophisticated approach for meeting these shortcoming challenges. To illustrate, the Balanced Scorecard is a perception that can be implemented in many different ways, one of its prerequisites is to be modified, or transformed to fit a specific business. Additionally, a good Scorecard reflects the strategic plan of the institutions, delivers a framework that supports the work behavior, allows each individual to measure his/her specific performance, and gives data to make an immediate modifications in order to enrich the performance of the company. ). As mentioned by (Meng & Minogue 2011), contrasting with the traditional approaches that were merely relying on financial measures, the BSC was able to advance the evaluation of an organization in order to move towards its strategic goals through four different perceptions: financial, customer, internal business process, and learning and growth. It majorly demands to balance the various objectives, financial and non-financial measures, leading (performance drivers) and lagging (outcome measures) indicators and internal and external performance perspectives (Hepworth, 1998).