The Balanced Scorecard Becomes a Means of Communicating the Strategy

question 64

Multiple Choice

The balanced scorecard becomes a means of communicating the strategy of the organization to its employees and managers.What might be a downside of communicating this information?

• A)Employees will need direction about what is to be done.
• B)Employees will need to understand where the organization is headed.
• C)Employees may allow sensitive information may end up in the hands of competitors.
• D)Employees can be informed of objectives using video or newsletters.

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Definitions:

Lead Times

The duration between the initiation and completion of a process or project, often used in manufacturing and supply chain management to schedule production or deliveries.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Large-Scale Simulations

Computational models used to replicate and analyze the behavior of complex systems under various scenarios on a large scale.

Computers

Electronic devices capable of performing complex calculations at high speeds, processing, and storing large amounts of data, and executing programmed instructions.