The first step in implementing a balanced scorecard is to clarify organizational vision, core competencies, and strategies. The strategies:
A)Are the core competencies of the organization
B)Are most effectively developed in a decentralized organization
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, which is the main purpose of a balanced scorecard. Although core competencies are important to consider, they do not necessarily need to be explicitly incorporated into every strategy. A decentralized organization may or may not be most effective for strategy development, and therefore is not directly related to the implementation of a balanced scorecard.

The First Step in Implementing a Balanced Scorecard Is to Clarify