Asked by Laura Arrunada on Jul 06, 2024
Verified
Juana and Carl are reviewing their company's balanced scorecard strategic objectives when they discover a problem. Which of the following is not a correct matching of a strategic objective to its performance perspective in their company's BSC?
A) The strategic objective in the learning and growth perspective is to reduce the number of employees who chose to leave the company for jobs elsewhere.
B) The strategic objective in the customer perspective is to make the customer happy.
C) The strategic objective in the financial perspective is to reduce shipping errors.
D) The strategic objective in the internal processes perspective is to improve delivery times of products shipping to customers.
Balanced Scorecard
A strategic planning and management system used to align business activities to the vision and strategy of the organization by monitoring performance against strategic goals.
Strategic Objective
Long-term goals that help convert a business's stated vision into specific performance targets.
Performance Perspective
Relates to analyzing and assessing the efficiency, effectiveness, and outcomes of operations and strategies within a business or project.
- Comprehend the principles and elements of a balanced scorecard.
Verified Answer
Learning Objectives
- Comprehend the principles and elements of a balanced scorecard.
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