A Strategy Map Plays an Important Role for a Company

question 105

Multiple Choice

A strategy map plays an important role for a company using the balanced scorecard approach to its performance measurement system. Which of the following is not a function of the strategy map?

• A)A strategy map shows cause-and-effect relationships among strategic objectives.
• B)A strategy map shows how each strategic objective contributes to the overall mission of the company.
• C)A strategy map shows causal relationships between only the financial and internal processes perspectives of the balanced scorecard.
• D)A strategy map links all elements of the balanced scorecard together.

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Definitions:

Socially Constructed

A concept or practice that exists because of collective human agreement, understanding, and social practices rather than inherent natural laws.

Shared System

A framework or structure that is used and maintained by multiple users or entities, allowing for collaboration, resource sharing, and collective benefits.

Cultural Adjustment

involves the process of adapting to and understanding different cultural norms, values, and practices, often experienced when moving or traveling to a new country.

Culture Shock

The experience of confusion, distress, or disorientation that can occur when a person is suddenly exposed to an unfamiliar culture, way of life, or set of attitudes.