The measures in a balanced scorecard are guided by
A) Vision and strategy
B) Budget plans
C) Shareholders
D) The board of directors

Question

Quizplus · Accepted Answer

The measures in a balanced scorecard are guided by an organization's vision and strategy. The balanced scorecard approach is designed to align performance measures with an organization's overarching goals and objectives. It incorporates multiple perspectives, such as customer, financial, internal processes, and organizational learning and growth, to provide a comprehensive view of performance. Budget plans, shareholders, and the board of directors may influence the development of the vision and strategy, but they do not guide the specific measures within the balanced scorecard.

The Measures in a Balanced Scorecard Are Guided by