A critical analysis of the Balanced Scorecard - with special consideration to its implications for HRM and HR-policy

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The Balanced Scorecard (BSC) serves as a strategic management tool that integrates innovative indicators to align with overall company strategy. It significantly impacts human resource processes, promoting a high-performance work system alongside a long-term HR strategy. By positioning HRM as a valuable partner in business, it enhances organizational development and contributes to improved performance and profitability. Empirical evidence supports the successful implementation of BSC and HR strategies in both long-term and short-term oriented companies, leading to better financial outcomes.