Because the organization’s vision and strategy lie at the heart of the balanced scorecard, the first step in developing the scorecard is to clarify the strategic focus. As part of this process, organizations may develop a strategy map.

Required:

a. What is a strategy map?

b. Discuss the process of building a balance scorecard.

Question

Required:

a.	What is a strategy map?

b.	Discuss the process of building a balance scorecard.

Quizplus · Accepted Answer

The Answer of Because the organization’s vision and strategy lie at the heart of the balanced scorecard, the first step in developing the scorecard is to clarify the strategic focus. As part of this process, organizations may develop a strategy map.

Required:

a.	What is a strategy map?

b.	Discuss the process of building a balance scorecard.

Because the Organization’s Vision and Strategy Lie at the Heart