The Balanced Scorecard Aids in Continuous Improvement by Augmenting Financial

question 198

True/False

The balanced scorecard aids in continuous improvement by augmenting financial measures with drivers or indicators of future financial performance.

---

Definitions:

Performance Standards

The established expectations, benchmarks, or criteria for measuring the quality and effectiveness of work output or performance.

Peter Drucker

Peter Drucker was an Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation.

Developmental Opportunities

Programs or initiatives that allow employees to gain new skills, knowledge, and experiences that can enhance their career trajectory.

Job Description

A job description outlines the responsibilities, duties, qualifications, and requirements of a specific job position within an organization.