The first step in implementing a balanced scorecard is to clarify organisational vision, core competencies, and strategies. The strategies
A) Are the core competencies of the organisation
B) Are most effectively developed in a decentralised organisation
C) Provide guidance for achieving the vision
D) Should explicitly incorporate all core competencies

Question

Quizplus · Accepted Answer

The strategies provide guidance for achieving the organizational vision, and should be aligned with the core competencies, but do not necessarily need to explicitly incorporate all of them. There is no indication that a decentralised organization is more effective for developing strategies.

The First Step in Implementing a Balanced Scorecard Is to Clarify