COST ACCOUNTING
BALANCED SCORECARDS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Everyone in the organization
|
|
|
Employees who perform daily operations
|
|
|
The clients
|
|
|
Leaders and main people responsible for communicating the strategy
|
Detailed explanation-1: -Balanced Scorecard History The Balanced Scorecard was originally developed by Dr. Robert Kaplan of Harvard University and Dr. David Norton as a framework for measuring organizational performance using a more balanced set of performance measures.
Detailed explanation-2: -Who Should Be Involved in Strategic Planning? Leaders and board members execute strategic planning by tying it to their organization’s vision. Managers, individual contributors, and stakeholders also play pivotal roles in decision-making as businesses strive to increase employee engagement.
Detailed explanation-3: -Initially created by Dr. Robert Kaplan and Dr. David Norton at Harvard Business School, the Balanced Scorecard has been used widely to measure business success.
Detailed explanation-4: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.