The first step in implementing a balanced scorecard is to clarify organisational vision, core competencies, and strategies. The vision
A) Provides an overall direction for the organisation
B) Is another name for the organisation's strengths and weaknesses
C) Provides an explicit plan for daily operations
D) Should explicitly incorporate all core competencies

Question

Quizplus · Accepted Answer

The vision provides an overall direction for the organisation and is a key component of the balanced scorecard framework. It sets the tone for the entire organisation and provides a unifying purpose for all employees.

The First Step in Implementing a Balanced Scorecard Is to Clarify