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Management · Q106

Management Accounting

Graduate and Post Graduate · Management · question 106

Q106

Translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as

A.
differentiation scorecard
B.
bargaining scorecard
C.
leadership scorecard
D.
balanced scorecard
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as balanced scorecard. A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes. Balanced scorecards are used to measure and provide feedback to organizations.