Which of the following best represents the sequence of steps in the Balanced Scorecard management process?
A)Plan,Design,Implement,Maintain,Adjust.
B)Strategize,Develop,Measure,Report,React.
C)Formulate,Translate,Link to Operations,Monitor,Adapt.
D)Analyze,Plan,Develop Strategy Map,Measure,Adapt.

Question

Quizplus · Accepted Answer

The steps in the Balanced Scorecard management process are commonly represented by the acronym F.T.L.M.A., which stands for Formulate, Translate, Link to Operations, Monitor, and Adapt. This sequence involves developing the overall strategy and objectives, translating them into specific initiatives and measures, aligning them with day-to-day operations, tracking progress, and making adjustments as needed. Option A includes some of the correct steps but does not include translation or monitoring. Option B mixes a few of the correct steps with others that are not part of the standard Balanced Scorecard process. Option D includes analysis and planning, but does not include the translation or linking steps.

Which of the Following Best Represents the Sequence of Steps