Because the Organization's Vision and Strategy Lie at the Heart

question 33

Essay

Because the organization's vision and strategy lie at the heart of the balanced scorecard, the first step in developing the scorecard is to clarify the strategic focus.As part of this process, organizations may develop a strategy map.
Required:
a.What is a strategy map?
b.Discuss the process of building a balance scorecard.

---

Definitions:

Social Class

A classification within society determined by economic and social standing.

Mental Illness

A broad range of mental health conditions that affect mood, thinking, and behavior, often requiring clinical diagnosis and management.

Behavior

The way in which an individual acts or conducts themselves, especially towards others or in response to stimuli.

Homeless

The condition of lacking stable, safe, and adequate housing, leading to people living in shelters, streets, vehicles, or other unsuitable living conditions.