MBA520 Performance Measurement and Accounting Systems____________________________
Week 5 –5.4Strategy Maps and Scorecards as a Solutions
(The following are excerpts from: Performance Management, by Cokins, John Wiley & Sons, Inc., 2004)
Strategy maps and their associated scorecards can trigger a substantial advance in performance metrics and management that address the problems with work misalignment and with confusing or conflicting priorities.
Strategy maps help organizations define and subdivide broad strategic objectives into manageable projects and action plans that can likely be accomplished. Scorecards communicate strategic objectives to the workforce in terms that are meaningful to them.
Scorecards can assure that the vision and mission created at the boardroom level are achieved by the organization. Combining these two https://www.solvedcollegepapers.com/product/mba-520-mba520-mba-520-54s
https://www.solvedcollegepapers.com/product/mba-520-mba520-mba-520-5nt
