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

Question

Quizplus · Accepted Answer

A Balanced Scorecard relies on the process of communicating and linking to bind short-term activities to long-term activities. This process involves communicating the long-term goals and objectives of the organization to all levels of the organization, and then linking these goals and objectives to short-term activities and decisions. By doing so, the organization can ensure that its short-term activities are aligned with its long-term objectives, and that all employees are working towards the same end goals. Performance metrics are a key part of the Balanced Scorecard process, but do not inherently bind short-term and long-term activities together. Communicating the vision is important, but does not necessarily create the linkages needed to ensure alignment. Succession planning is important for ensuring the long-term viability of the organization, but does not directly relate to the process of binding short-term and long-term activities together.

A Balanced Scorecard Relies on Which of the Following Processes