True or False: Organizations should set their balanced scorecard targets to reflect industry benchmark values.

Question

Quizplus · Accepted Answer

Organizations should set their balanced scorecard targets based on their own strategic objectives and goals, not just on industry benchmark values. While industry benchmarks can provide useful insights, blindly following them may not be appropriate for every organization's unique situation and goals. It is more effective to design a balanced scorecard that aligns with the organization's vision, mission, and values, and then set targets that reflect its specific priorities and performance indicators.

True or False: Organizations Should Set Their Balanced Scorecard Targets