Which of the following about a strategic performance measurement system (SPMS) is incorrect?
A) It is a system that focuses on translating a strategy into financial and non-financial measures.
B) SPMS requires linking performance measures in cause-and-effect relationships.
C) SPMS always require the development of a strategy map first, followed by a balanced scorecard.
D) SPMS can be used by non-profit organisations.

Question

Quizplus · Accepted Answer

While the development of a strategy map is often recommended as a first step, it is not a requirement for the implementation of a strategic performance measurement system (SPMS). However, it is important for the SPMS to have a clear understanding of the organization's strategic objectives and how they can be translated into specific performance measures. SPMS can be used by non-profit organizations as well as for-profit organizations.

Which of the Following About a Strategic Performance Measurement System