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Once the strategic vision has been established, which of the following would be the BEST activity for supporting the implementation of performance measures?
Correct Answer: D
Key performance indicators (KPIs) are measurable values that demonstrate how effectively an organization is achieving its key business objectives1. KPIs help to track and evaluate the progress and success of a strategy, and to communicate the results to the relevant stakeholders2. Once the strategic vision has been established, identifying KPIs would be the best activity for supporting the implementation of performance measures, because they provide a clear and quantifiable way to measure the performance of the strategy against the vision3. KPIs should be aligned with the strategic vision, relevant to the business context, specific, measurable, achievable, realistic, and time-bound4. References := * What is a Key Performance Indicator (KPI)? | Klipfolio * Key Performance Indicators (KPIs) - Definition, Types & Examples * How to Develop Key Performance Indicators - Strategy Management Group * How to Set SMART KPIs for Your Business - The Balance Small Business