Which of the following translates the organizations' vision and mission into specific,measurable performance goals related to financial,customer,internal,and learning/growth processes?
A)Profit sharing plans.
B)Strategic report cards.
C)Point -factor reports
D)Balanced scorecard
E)All of the answers are correct.

Question

Quizplus · Accepted Answer

The balanced scorecard is a strategic management tool that translates the vision and mission of an organization into specific, measurable performance goals for financial, customer, internal, and learning/growth processes. Profit-sharing plans, strategic report cards, and point-factor reports may be related to performance metrics, but they do not directly translate the organization's vision and mission into specific goals across all four dimensions. Therefore, the correct answer is D, balanced scorecard.

Which of the Following Translates the Organizations' Vision and Mission