Asked by Melaney Heinrichs on Apr 26, 2024

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An important consideration in establishing a measure map includes determining the

A) leading and lagging indicators
B) mission of the organization
C) standard costs of the products being manufactured
D) net income of the company

Measure Map

A concept used in Six Sigma or process improvement strategies to provide a visual representation and analysis of a process's steps and performance indicators.

Leading Indicators

Factors in the economy that shift prior to the overall economy beginning to adopt a specific direction or trend, utilized for forecasting upcoming economic activities.

Lagging Indicators

Metrics that reflect the economy’s historical performance and changes, becoming apparent after an economic activity.

  • Gain an understanding of the concepts and components integral to a balanced scorecard.
  • Distinguish between leading and lagging indicators.
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KS
Kevin StudioApr 27, 2024
Final Answer :
A
Explanation :
Leading and lagging indicators are crucial for measure maps as they help in understanding both the drivers of future performance (leading) and the outcomes of past actions (lagging), providing a comprehensive view of performance.