A Balanced Scorecard relies on which of the following processes to bind short-term activities to long-term activities?:
A)Communcating the vision
B)Performance metrics
C)Communicating and linking
D)Succession planning

Question

Quizplus · Accepted Answer

The process of communicating and linking is crucial in aligning short-term activities with long-term goals in a Balanced Scorecard approach. This involves communicating the overall strategy and linking it to specific objectives and measures, ensuring that short-term actions are consistent with long-term goals. Performance metrics are important in measuring progress towards these goals, but they alone cannot bind short-term and long-term activities. Communicating the vision and succession planning may be important in overall strategy development, but they are not directly related to binding short-term and long-term activities.

A Balanced Scorecard Relies on Which of the Following Processes