The First Step in Implementing a Balanced Scorecard Is to Clarify

question 83

Multiple Choice

The first step in implementing a balanced scorecard is to clarify organisational vision, core competencies, and strategies. The vision

• A) Provides an overall direction for the organisation
• B) Is another name for the organisation's strengths and weaknesses
• C) Provides an explicit plan for daily operations
• D) Should explicitly incorporate all core competencies

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Definitions:

Top Management

The highest level of management in an organization, responsible for setting strategic goals and making overarching decisions.

Distributive Justice

The perceived fairness of how rewards and resources are distributed among members of a group or organization.

Without Regard

Acting or deciding without considering specific factors or consequences, often implying impartiality.

Ethnicity, Race, Gender

Categories used to classify and identify individuals based on their cultural heritage, biological physical traits, and societal roles, respectively.