Asked by Manuel Rodriguez on May 22, 2024
Verified
If improvement in a performance measure on a balanced scorecard should lead to improvement in another performance measure, but does not, then employees must work harder.
Balanced Scorecard
A management and planning system designed to align an organization’s activities with its vision and strategy, enhance communication within and outside the organization, and track the organization's performance in comparison to its strategic objectives.
Performance Measure
Metrics or indicators used to assess and quantify the efficiency, effectiveness, and performance of an organization or individual.
Improvement
The process of making something better or increasing its value, often referring to property or performance enhancements.
- Comprehend the balanced scorecard methodology and its utilization in strategic management and enhancement of performance.
Verified Answer
Learning Objectives
- Comprehend the balanced scorecard methodology and its utilization in strategic management and enhancement of performance.
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