In essence, a balanced scorecard lays out a theory of how the company can take concrete actions to attain its desired outcomes. The strategy should seem plausible, but it should be regarded as only a theory.

Question

Quizplus · Accepted Answer

The statement accurately describes the purpose of a balanced scorecard - to provide a theory of how a company can achieve its goals through actionable steps - and notes that while the strategy should be plausible, it is still just a theory and may need to be revised or adjusted over time.

In Essence, a Balanced Scorecard Lays Out a Theory of How