Perhaps the most reliable way for a company to improve its financial performance over time is to
A)put 100 percent emphasis on the achievement of its short-term and long-term financial objectives.
B)recognize that the achievement of strategic objectives signals that the company is well positioned to sustain or improve its performance.
C)substitute financial intent for strategic intent and judiciously concentrate on the mission of making a profit.
D)not allocate any resources to the achievement of strategic objectives until it is very clear that the company can meet or beat its stretch financial performance targets.
E)avoid use of the balanced-scorecard philosophy since achievement of financial performance targets is obviously more important than the achievement of strategic performance targets.

Question

Quizplus · Accepted Answer

Recognizing that the achievement of strategic objectives signals that the company is well positioned to sustain or improve its performance is the most reliable way for a company to improve its financial performance over time. By focusing on achieving strategic objectives, a company can create long-term value and competitive advantage, which in turn will lead to improved financial performance. Prioritizing financial performance targets over strategic objectives may result in short-term gains, but it may not be sustainable in the long term. A balanced approach that aligns financial and strategic objectives is the key to long-term success.

Perhaps the Most Reliable Way for a Company to Improve