Asked by
Karena Lebranch
on Oct 23, 2024Verified
Which of the following about a strategic performance measurement system (SPMS) is incorrect?
A) It is a system that focuses on translating a strategy into financial and non-financial measures.
B) SPMS requires linking performance measures in cause-and-effect relationships.
C) SPMS always require the development of a strategy map first, followed by a balanced scorecard.
D) SPMS can be used by non-profit organisations.
Strategic Performance Measurement System (SPMS)
A framework that combines financial and non-financial performance indicators to evaluate an organization's success in achieving strategic goals.
Strategy Map
A visual tool that represents a company's strategic goals and shows how they are connected or contribute to the overall success of the organization.
Non-Profit Organisations
Entities that operate for purposes other than generating profit, focusing on a particular social cause or advocacy.
- Comprehend the application and significance of the balanced scorecard perspectives in organizational measurement.
Verified Answer
TC
Learning Objectives
- Comprehend the application and significance of the balanced scorecard perspectives in organizational measurement.