Which of the following elements constitute core components of a Third-Generation Balanced Scorecard (BS

The 3rd Generation Balanced Scorecard, developed in the late 1990s by Lawrie and Cobbold to address functionality issues in earlier designs, consists of four primary components: Destination Statement (Item 1): Defines what the organization aims to look like at a specific point in the future if its strategy is successful, serving as the baseline for designing objectives and targets. Strategic Objectives (Item 2): High-level statements of strategic intent grouped under perspectives to express key priorities. Strategic Linkage Model and Perspectives (Item 3): A cause-and-effect structure (strategy map) connecting strategic objectives across traditional and custom perspectives. Measures and Initiatives/Targets (Item 4): Key performance indicators (KPIs), specific performance targets, and strategic action programs linked directly to each strategic objective to drive execution. Since all four elements are essential core components of a 3rd Generation Balanced Scorecard, 1, 2, 3, and 4 is the correct choice.