Total factor productivity (TFP) is the ratio of the quantity of output produced to the costs of all inputs used, where the inputs are combined on the basis of current period prices.

A strategy is a plan or set of plans to achieve a goal, especially over a long period of time. A balanced scorecard is a strategic planning framework that companies use to prioritize products, services, and projects, and to plan activities and communicate goals. Strategic profitability analysis is a tool to evaluate how well a business generates profit from its strategy.  Here's some more information about each of these concepts: Strategy: A strategy specifies how an organization matches its capabilities with market opportunities to achieve its objectives. Balanced scorecard: A strategic... Show more

A strategy is a plan or set of plans to achieve a goal, especially over a long period of time. A balanced scorecard is a strategic planning framework that companies use to prioritize products, services, and projects, and to plan activities and communicate goals. Strategic profitability analysis is a tool to evaluate how well a business generates profit from its strategy. 

Here's some more information about each of these concepts:
Strategy: A strategy specifies how an organization matches its capabilities with market opportunities to achieve its objectives.
Balanced scorecard: A strategic planning and performance management framework that tracks financial and non-financial measures to determine an organization's effectiveness. It involves measuring four main aspects of a business: learning and growth, business processes, customers, and finance.
Strategic profitability analysis: A tool to evaluate the success of a business in generating profit from the implementation of its strategy. 

Show less