5 GE Railways plc (GER) operates a passenger train service in Holtland. The directors have always focused solely on the use of traditional financial measures in order to assess the performance of GER since it commenced operations in 1992. The Managing Director of GER has asked you, as a management accountant, for assistance with regard to the adoption of a balanced scorecard approach to performance measurement within GER. Required: (a) Prepare a memorandum explaining the potential benefits and limitations that may arise from the adoption of a balanced scorecard approach to performance measurement within GER. (8 marks)