To effectively use the Balanced Scorecard,nonprofit and government organizations:
A)must identify a clear strategy with outcomes identified.
B)must focus on financial success as their primary objective.
C)must shift thinking from what it plans to accomplish to what it plans to do.
D)These organizations cannot effectively use the Balanced Scorecard.

Question

Quizplus · Accepted Answer

Nonprofit and government organizations must identify a clear strategy with outcomes identified in order to effectively use the Balanced Scorecard. This ensures that they are not solely focused on financial success but are also measuring progress towards achieving their mission and objectives. Additionally, the Balanced Scorecard encourages a shift in thinking from what they plan to accomplish to what they plan to do, which helps organizations to prioritize and take action towards their goals.

To Effectively Use the Balanced Scorecard,nonprofit and Government Organizations