An organization wants to provide its employees information about what its goals are and what it expects employees to accomplish.It is planning to implement an incentive plan that helps employees understand the organization's goals.Which of the following should be used by this organization?
A) Profit sharing plan
B) Piecework rates
C) Merit pay system
D) Scanlon plan
E) Balanced scorecard

Question

Quizplus · Accepted Answer

The Balanced Scorecard framework is a strategic management tool that helps organizations align their goals and objectives with their vision and strategy. It consists of four perspectives - financial, customer, internal business processes, and learning and growth - and provides a comprehensive view of the organization's performance. By using the Balanced Scorecard, the organization can communicate its goals and objectives to its employees and incentivize them to achieve these goals.

An Organization Wants to Provide Its Employees Information About What