A balanced scorecard is a system for translating vision and strategy into tangible performance measurements.

Question

Quizplus · Accepted Answer

A balanced scorecard is indeed a system for measuring and tracking an organization's progress towards its strategic goals and objectives. It typically includes metrics related to financial performance, customer satisfaction, internal business processes, and learning and growth. By establishing and tracking these measurements, leaders can better understand whether their efforts are aligned with their vision and strategy and make adjustments as needed.

A Balanced Scorecard Is a System for Translating Vision and Strategy