With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organization's strategy. is a "false" statement.
<h3>What is balanced scorecard?</h3>
The term "balanced scorecard" refers to the idea of using both conventional financial measures and strategic metrics to obtain a more "balanced" picture of success.
The balanced scorecard idea has developed beyond the straightforward application of viewpoints to become a comprehensive framework for managing strategy.
A system for strategic management and planning is the balanced scorecard (BSC). Businesses employ BSCs to:
- Tell others what they want to achieve.
- Align the job that everyone does on a daily basis with the plan
- Make projects, commodities, and services a priority.
- Track and evaluate your progress toward your strategic goals.
The ability to "connect the dots" between the various elements of strategic planning and management is one of the main advantages of using a disciplined framework.
To know more about the balanced scorecard, here
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<span>The AICPA’s Statements on Auditing Standards is a guideline for auditors. This guideline shows what the minimal standards are in order for an auditor to perform their work correctly. These guidelines need to be followed in order to ensure accuracy and efficiency.</span>
Answer:
The answer is: Normative leadership model
Explanation:
The normative leadership model requires Pier to analyze the following seven situations:
- How will my decision will affect the organization?
- Is it important that team members are committed to the decision making process.?
- As a leader, do I possess the knowledge to solve try to solve this issue?
- If only I are responsible for making the decision, will the rest of the team be committed to it?
- My team members support me and the organization?
- The team members possess the knowledge to try to solve this issue?
- Can team members unite and really work as a team to solve this issue?
Depending on what Pier believes the correct answers are for the above questions, he can decide to use one of the following decision making processes:
- Decide: Pier makes the decision by himself with little or no participation of the team members.
- Consult (Individually): Pier consults the team members individually, deciding what information to use, and then makes a decision by himself.
- Consult (Group): Pier organizes a group meeting where all members express their opinions, then decides what information is useful and makes the decision by himself.
- Facilitate: Pier organizes a group meeting and presents his opinion and every group member participates. The decision is made by group consensus.
- Delegate: Pier leaves the decision making process entirely to the group members and doesn't participate in it.
