Asked by Crystal Weaver on May 10, 2024
Verified
If a strategy is not working, it should become evident on the balanced scorecard when some of the predicted effects don't occur.
Balanced Scorecard
An integrated set of performance measures that are derived from and support the organization’s strategy.
Strategy
A company’s “game plan” for attracting customers by distinguishing itself from competitors.
- Understand the balanced scorecard approach and its application in strategic management and performance improvement.
Verified Answer
NA
Nohemi AndradeMay 15, 2024
Final Answer :
True
Explanation :
The balanced scorecard is a tool to measure performance against strategic goals and objectives. If a strategy is not working, it should be reflected in the scorecard by not achieving the predicted effects. This allows for a timely adjustment of the strategy.
Learning Objectives
- Understand the balanced scorecard approach and its application in strategic management and performance improvement.
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