Podcast
Questions and Answers
What is the purpose of developing cause-and-effect linkages in the strategic map?
What is the purpose of developing cause-and-effect linkages in the strategic map?
- To achieve the targets
- To maintain threshold standards of performance
- To monitor day-to-day efficient functioning of the business
- To accurately capture the essence of the strategy (correct)
What is the difference between diagnostic performance measures and strategic performance measures?
What is the difference between diagnostic performance measures and strategic performance measures?
- Strategic performance measures are important to the day-to-day efficient functioning of the business
- Strategic performance measures tell the story of strategy (correct)
- Diagnostic performance measures are for monitoring the organization's control
- Diagnostic performance measures correspond directly to strategy
What is the criteria for selecting performance measures in the Scorecard?
What is the criteria for selecting performance measures in the Scorecard?
- Achieving targets
- Monitoring day-to-day efficient functioning of the business
- Linked to strategy (correct)
- Maintaining threshold standards of performance
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Description
Test your knowledge on finalizing measures and developing cause-and-effect linkages with this quiz! Learn how to select the right measures for your balanced scorecard and construct effective cause-and-effect linkages to achieve your organizational goals. This quiz covers essential concepts and strategies for successful performance management. Sharpen your skills and become a master of cause-and-effect thinking!
