What is (are) the difference(s) between the Stakeholder Management Approach (SMA) and the Balanced Scorecard (BSC)?
1) (a) BSC is in nature a profit-seeking tool; but currently SMA is being used with a not-for-profit stance
2) (b) BSC refers to a limited range of stakeholders (shareholders, employees, customers) associated directly to long-term profitability. SMA attempts to cover a wide range of stakeholders, some of which are not directly associate to profitability of the business
3) (c) All the above
4) (d) Compared to BSC, SMA sometimes encounters difficulty of balancing diverse or even conflicting views among many different stakeholders