Which of the following is not a key benefit of the balanced scorecard (BSC)?
A)It provides a means for implementing strategy.
B)It provides an objective basis for determining each manager's compensation and advancement.
C)It provides a framework for the firm to achieve a desired organizational change in strategy.
D)It provides a baseline for how a firm's financial operations compare to competition within the industry.

Question

Quizplus · Accepted Answer

The balanced scorecard (BSC) is primarily focused on translating a company's strategic objectives into a coherent set of performance measures, not directly comparing financial operations to competition. It encompasses financial and non-financial measures, including customer perspective, internal processes, and learning and growth, rather than benchmarking against competitors.

Which of the Following Is Not a Key Benefit of the Balanced