Asked by
Gatsby Prince
on Nov 17, 2024
Verified
A strategy map links the four perspectives of the BSC with strategic objectives, strategic initiatives, performance metrics, and performance targets.
Strategy Map
A visual tool used in strategic planning to align an organization's missions, visions, and goals to its strategy, displaying the cause-and-effect relationships among different strategic objectives.
Strategic Objectives
These are specific, measurable goals set by a business to guide its strategic direction and assist in achieving its overarching purposes.
- Acknowledge the necessity of relating performance measurements with strategic objectives in performance analysis schemes.
Verified Answer
LB
Learning Objectives
- Acknowledge the necessity of relating performance measurements with strategic objectives in performance analysis schemes.