To Be Effective,balanced Scorecards Must Be Customized by Companies to Fit

question 37

True/False

To be effective,balanced scorecards must be customized by companies to fit different market situations,products,and competitive environments.

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Definitions:

Division Of Labor

The allocation of different parts of a manufacturing process or task to different individual workers to improve efficiency.

Common Purpose

A shared goal or mission that unifies a group or team, motivating them to work together effectively.

Change Leaders

Individuals who drive and support the process of organizational change, focusing on goals, strategies, and team engagement.

Henry Mintzberg

A renowned management theorist known for his work on business strategy, organizational structures, and the roles of managers.