The Purpose of the Balanced Scorecard Is Best Described as Helping

question 3

Multiple Choice

The purpose of the balanced scorecard is best described as helping an organization:

• A)develop customer relations
• B)mobilize employee skills for continuous improvements in processing capabilities, quality, and response times
• C)introduce innovative products and services desired by target customers
• D)translate an organization's mission and strategy into a set of performance measures that help to implement the strategy

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Definitions:

Implement

To put a decision, plan, agreement, etc., into effect.

Effective Strategic Problem Solvers

Individuals or teams skilled in identifying, analyzing, and resolving issues strategically to achieve long-term goals.

Mutually Beneficial Agreements

Contracts or arrangements that provide favorable outcomes for all parties involved.

Prospecting

The process of identifying potential customers or clients for a business's products or services, often involving research and communication efforts.