This report discusses the benefits and disadvantages of using a balanced scorecard for strategic planning and management. It highlights how the balanced scorecard helps in communication with stakeholders and staff, improves strategic planning, management information, and performance reporting. However, it also mentions the time and financial cost investment, stakeholder acceptance and usage, strategic direction and metric planning, and data collection and analysis as potential disadvantages. Overall, the report concludes that the balanced scorecard can be beneficial for companies but requires proper utilization.