How does a balanced scorecard (BSC) differ from a key performance indicator (KPI)?

WGU Data-Driven-Decision-Making Question Answer

A KPI aligns with just one aspect of an organization’s success, whereas a BSC allows managers to view performance in several areas.

A BSC and a KPI are identical except that a BSC is used in business settings, and a KPI is used exclusively by governmental agencies.

A BSC and a KPI are identical except that a BSC is a measurement of metrics over time, and a KPI is a snapshot of success at one point in time.

A BSC aligns with just one aspect of an organization’s success, whereas a KPI allows managers to simultaneously view performance in several areas.

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