Asked by bilge ya?ar on Jun 16, 2024
Verified
Which of the following statements regarding strategic objectives in the balanced scorecard is false?
A) Strategic objectives define the purpose of an action taken within a company.
B) Strategic objectives are the same as the overall mission statement of the company.
C) Each strategic objective is a subcomponent of the company's mission statement.
D) Each of the four performance perspectives in the balanced scorecard should be linked to at least one strategic objective.
Strategic Objectives
Strategic objectives are specific goals set by a business or organization that align with its overall purpose or vision, often guiding its plans and actions.
Mission Statement
A formal summary that defines the core purpose, values, and objectives of an organization.
Performance Perspectives
Various angles or aspects from which the performance of a company, project, or employee can be evaluated, often encompassing financial, customer, internal processes, and learning and growth viewpoints.
- Acknowledge the necessity of harmonizing strategic aims with performance metrics.
Verified Answer
Learning Objectives
- Acknowledge the necessity of harmonizing strategic aims with performance metrics.
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