A tool adopted for mapping a firm's strategy in order to ensure strategic alignment is:
A) target forecasting.
B) predicted focus.
C) balanced scorecard
D) replacement selection.

Question

Quizplus · Accepted Answer

The balanced scorecard is a tool that helps organizations map out their strategy and ensures that all departments and individuals are aligned with the strategic goals of the organization. It provides a framework to identify and track key performance indicators (KPIs) across multiple areas of the organization, such as finance, customer service, internal processes, and learning and growth. This allows organizations to monitor progress towards their strategic goals and make any necessary adjustments in real-time, ensuring the organization stays focused on achieving its goals. Target forecasting is a method of predicting future sales or revenue, predicted focus is not a commonly used term, and replacement selection is a process used in human resources to select a suitable candidate for a job opening. None of these options are specifically designed to map out a firm's strategy.

A Tool Adopted for Mapping a Firm's Strategy in Order