Asked by
Jesus Santos
on Oct 23, 2024Verified
On which of the following does a balanced scorecard approach focus on?
A) Strategic objectives
B) Critical success factors
C) Performance measures at all levels of the business
D) All of the given answers
Balanced Scorecard
The Balanced Scorecard is a strategic planning and management system that uses financial and non-financial performance metrics to monitor and improve an organization’s performance.
Strategic Objectives
Long-term goals set by a business to guide its direction and decision-making processes, aiming to achieve competitive advantage.
Performance Measures
Metrics used to evaluate activities' success or productivity within an organization.
- Understand the balanced scorecard approach and its focus areas.
Verified Answer
JM
Learning Objectives
- Understand the balanced scorecard approach and its focus areas.