The first step in implementing a balanced scorecard is to clarify organizational vision, core competencies, and strategies. The vision:
A)Provides an overall direction for the organization
B)Is another name for the organization'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 organization and serves as a guide for decision making and goal setting. Core competencies and strategies should align with the organizational vision. The vision does not provide an explicit plan for daily operations, and while it should consider core competencies, it does not need to explicitly incorporate all of them.

The First Step in Implementing a Balanced Scorecard Is to Clarify