MSM Ltd Has a Strategy of Being the First to Market

question 65

Multiple Choice

MSM Ltd has a strategy of being the first to market with new products and so it measures the number of new products introduced each year. Where does this measure fit in the balanced scorecard?

• A)financial perspective
• B)customer perspective
• C)internal business process perspective
• D)innovation and learning perspective

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Definitions:

Motivates

Provides a reason or incentive for someone to perform an action or behave in a certain way.

Servant Leaders

Leaders who prioritize the needs of their team or organization over their own, focusing on the growth and well-being of their communities.

Employees

Individuals hired by a business or organization to perform specific duties in exchange for compensation.

Community

A group of people living in the same place or having a particular characteristic in common.