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Maintaining the flexibility of business.
Updating the core elements of the balanced scorecard can be initiated to
maintain the flexibility and making the business adaptable to changes. It
would help the business to quickly adapt itself according to the changes
very quickly.
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Keeping the business align with business
environment. Another important objective of updating the
objectives, measures and targets of a balanced scorecard is that it would
allow the business to align with the changing business environment.
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To correctly represent the core purpose of the
business. The core elements of a balanced scorecard can be subject
to changes so they can accurately and precisely represent the core purpose
of the business. They can be reworded or reformulated in a manner so
everyone can have a clear understanding of what a business is aiming for?
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To better capture the results according to new
procedures. Methods of calculating the results of a BSC can be
replaced by newer and improved methods and procedures. This would
automatically calls for updating the measures so they can be easily capture
and analyze the true essence of the event under consideration.
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To improve understanding of employees.
Some of the core elements of a BSC like the description can be updated or
changed to avoid any type confusion in the minds of employees and to improve
the understanding.