Which of the following is an advantage of using balanced scorecard?
A) It eliminates the need to communicate the details of the plan to the employees.
B) It eliminates managerial effort when providing incentives to employees.
C) It provides more pay to all employees in the organization.
D) It reduces employee stress as it does not focus on financial targets.
E) It helps employees understand the organization's goals.

Question

Quizplus · Accepted Answer

Balanced scorecard helps employees understand the organization's goals, align their own goals with those of the organization, and monitor their own progress toward achieving those goals. It provides a clear and transparent way of communicating strategy and performance to all members of the organization, improving overall alignment and focus on key objectives. The other options are not advantages of using a balanced scorecard.

Which of the Following Is an Advantage of Using Balanced