Which of the following is NOT an advantage of the balanced scorecard approach to assess firm performance?
A) It allows managers to communicate and link the strategic vision to responsible parties within an organization.
B) It helps managers to implement feedback and organizational learning in order to modify and adapt strategic goals when indicated.
C) It provides a concise report that tracks chosen metrics and measures and compares them to target values.
D) It is a tool which can be effectively used by managers for both strategic implementation and strategic formulation.

Question

Quizplus · Accepted Answer

It is important to note that the balanced scorecard is a tool for strategy implementation, not for strategy formulation. It is up to a firm's managers to formulate a strategy that will enhance the chances of gaining and sustaining a competitive advantage.

Which of the Following Is NOT an Advantage of the Balanced