________ translates an organisation's mission and strategy into a comprehensive set of performance measures that provide the framework for implementing its strategy.

Question

Quizplus · Accepted Answer

The balanced scorecard translates an organisation's strategy into a comprehensive set of performance measures across four perspectives: financial, customer, internal processes, and learning and growth. It provides a framework for implementing the strategy and communicating it to all levels of the organisation. Product differentiation and cost leadership are strategies for achieving competitive advantage, while productivity component is a general term that refers to any factor that contributes to a company's output relative to its input.

________ Translates an Organisation's Mission and Strategy into a Comprehensive