The management tool that will help to link vision, mission and strategies to the goals and objectives that employees strive to achieve is:Question 5Answera.Compensationb.Performance Appraisalc.Balanced Scorecardd.Training and Development
Question
The management tool that will help to link vision, mission and strategies to the goals and objectives that employees strive to achieve is:Question 5Answera.Compensationb.Performance Appraisalc.Balanced Scorecardd.Training and Development
Solution
The management tool that links vision, mission, and strategies to the goals and objectives that employees strive to achieve is the Balanced Scorecard. This tool provides a framework for strategic management, translating an organization's strategic objectives into a set of performance measures. It not only measures financial performance, but also customer knowledge, internal business processes, and learning and growth.
Similar Questions
Characteristics of the approach to setting and managing goals and objectives include which of the following:Question 3Select one:a.More is betterb.Measures should be linked to the capabilities of each employee.c.Measures should only include the present to ensure successd.Measures should be based around the needs of customers, shareholders and other key stakeholders
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