Before a balanced scorecard can be developed,managers must
A)Be clear about the strategy they are trying to achieve.
B)Understand the cause-and-effect relationship between various measures.
C)Both Be clear about the strategy they are trying to achieve and Understand the cause-and-effect relationship between various measures.
D)Neither Be clear about the strategy they are trying to achieve nor Understand the cause-and-effect relationship between various measures.

Question

Quizplus · Accepted Answer

Both of these factors are critical in developing an effective balanced scorecard. The balanced scorecard is a strategic management tool designed to help organizations set and achieve objectives, and it requires a clear understanding of the organization's strategic goals and how different measures are linked to those goals. Additionally, understanding the cause-and-effect relationships between different measures helps managers identify which metrics are truly critical to the success of the organization and which may be less important.

Before a Balanced Scorecard Can Be Developed,managers Must