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Question 77/79
The main value of the balanced scorecard model lies in its emphasis on forging a balanced approach to measuring and managing strategic control factors. To this end, an attribute of a complete Balanced Scorecard is that it includes a mixture of
Correct Answer: D
The Balanced Scorecard's main value is balancing multiple strategic perspectives, specificallyfinancial accountability, customer focus, internal processes, and learning and growth objectives. This balanced approach ensures comprehensive measurement and management of factors critical to strategy success. The IASP SPP curriculum underlines that focusing solely on financial or operational metrics neglects drivers of future performance, which the Balanced Scorecard addresses.#IASP SPP Study Guide - Balanced Scorecard#
#Kaplan & Norton, Balanced Scorecard#
#Kaplan & Norton, Balanced Scorecard#
- Question List (79q)
- Question 1: A mission statement does NOT answer which of the following q...
- Question 2: Which of the following evaluates actual performance, compare...
- Question 3: What BEST characterizes a strategic plan?...
- Question 4: A fundamental benefit of using the Balanced Scorecard is tha...
- Question 5: Which of the following often needs to be reworked to make it...
- Question 6: Which of the following is an essential element of any enviro...
- Question 7: Which of the following is the MOST effective way to involve ...
- Question 8: The optimum (best) time for the organization to begin operat...
- Question 9: Which of the following BEST describes value chain analysis?...
- Question 10: According to the Boston Consulting Group (BCG) and other sub...
- Question 11: Which of the following features would you likely find in an ...
- Question 12: Which of the following results is an indicator a leader is a...
- Question 13: The MOST effective way for senior management to communicate ...
- Question 14: During which of the following quality process steps are the ...
- Question 15: Which of the following risk mitigation strategies focuses on...
- Question 16: Which of the following BEST describes organization strategy?...
- Question 17: The entrance into the transportation industry of ride-sharin...
- Question 18: Which of the following skills do project managers MOST need ...
- Question 19: Which of the following is the most important tool when consi...
- Question 20: Which of the following are steps to success in a project lif...
- Question 21: To foster a culture of risk taking and creativity, leaders s...
- Question 22: Which of the following LEAST contributes to customer value?...
- Question 23: Once integrity is lost, how can it BEST be regained?...
- Question 24: The goal of any strategic planning process is to produce a s...
- Question 25: Which of the following is MOST critical for successful execu...
- Question 26: Which of the following is an appropriate technique to ensure...
- Question 27: How can a leader BEST demonstrate she or he really wants to ...
- Question 28: Which of the following BEST describes an effective organizat...
- Question 29: Senior management needs to identify which of the following t...
- Question 30: Annual review of the strategic plan DOES NOT include...
- Question 31: As an essential skill for strategic planning professionals, ...
- Question 32: Cost reduction can be MOST consistently achieved by...
- Question 33: When facilitating a strategic planning meeting, it is BEST t...
- Question 34: Factors to consider in defining an organization's strategy a...
- Question 35: Identifying desired outcomes helps steer a strategic plannin...
- Question 36: Which of the following is the BEST way to resolve difficult ...
- Question 37: An effective vision statement
- Question 38: In the Balanced Scorecard strategy map, which of the followi...
- Question 39: Which of the following best describes a Balanced Scorecard s...
- Question 40: Which of the following is generally included in the process ...
- Question 41: The alignment of the organization's redesign with strategy c...
- Question 42: What should a leader do FIRST after making a mistake?...
- Question 43: The art of stress-free productivity depends on MANAGING whic...
- Question 44: The strategic planning process should include which of the f...
- Question 45: What important and helpful service does an experienced strat...
- Question 46: Which of the following is NOT a benefit of portfolio plannin...
- Question 47: Which of the following is the FIRST thing to do when an orga...
- Question 48: Which of the following BEST ensures that front-line employee...
- Question 49: Which of the following actions should planners NOT take when...
- Question 50: When a direct report makes a mistake, the fault belongs to...
- Question 51: Which of the following BEST describes an effective organizat...
- Question 52: Seeing where actions and changes in system components can le...
- Question 53: Which of the following best describes a marketing strategy?...
- Question 54: When should the chief executive, senior management team, and...
- Question 55: To best respond to the question "what is our business?" Pete...
- Question 56: Which of the following are the key considerations when deter...
- Question 57: Which of the following steps is MOST appropriate when furthe...
- Question 58: Which of the following BEST summarizes what the strategic ma...
- Question 59: The act of monitoring the activities an organization needs t...
- Question 60: Which of the following tools graphically displays the time r...
- Question 61: Well-planned and ongoing communication during the planning p...
- Question 62: Which of the following is NOT characteristic of key stakehol...
- Question 63: Which of the following is NOT a factor in intrinsic motivati...
- Question 64: Innovation and creativity come from...
- Question 65: An organizational strategic planning support team should inc...
- Question 66: Scenario planning and modeling should include...
- Question 67: The Strategic Planning Professional should know and/or under...
- Question 68: What are the core elements of the RACI methodology used for ...
- Question 69: Which of the following is MOST important in designing a meas...
- Question 70: Which of the following best describes core competencies?...
- Question 71: All of the following are true about an effective communicati...
- Question 72: What process is adopted by an organization to minimize disru...
- Question 73: An organization's choice to lower quality standards via budg...
- Question 74: Continuous improvement of strategic plans is needed because ...
- Question 75: Which of these actions should be taken first, if and when a ...
- Question 76: Which of the following is MOST characteristic of strategic t...
- Question 77: The main value of the balanced scorecard model lies in its e...
- Question 78: Which of the following BEST describes an effective organizat...
- Question 79: Which of the following is MOST characteristic of the process...
