The purpose of a balanced scorecard is to translate organizational vision and strategies into performance objectives that can be monitored over time.

Question

Quizplus · Accepted Answer

A balanced scorecard is a strategic management tool that helps organizations to track and manage their performance against their goals and objectives. It does this by translating the organization's mission and vision into a set of interconnected performance measures that reflect its success in key areas such as customer satisfaction, financial performance, internal processes, and learning and growth. By monitoring these measures over time, organizations can identify areas where they are performing well and where they need to make improvements, and adjust their strategies accordingly.

The Purpose of a Balanced Scorecard Is to Translate Organizational