Exam CSCP topic 1 question 123 discussion

Explanation: A balanced scorecard is a management framework that translates a company's high-level strategy into measurable objectives across different dimensions like financial, customer, internal processes, and learning and growth. By breaking down policies into objectives and specific goals, the balanced scorecard provides a structured way to monitor and track the company's progress towards its strategic objectives.

A. Performance Standard**: - Transforming policies into objectives and specific goals establishes clear expectations and measurable criteria for performance. This creates a **performance standard** that employees and teams can strive to meet.

A balanced scorecard is a strategic management tool that translates an organization's vision and mission into a set of measurable objectives and goals across different perspectives.

D: Transforming company policies into specific objectives and goals typically creates a balanced scorecard. This framework incorporates performance indicators from four balanced perspectives: financial, customer, internal processes, and learning and growth. By transforming company policies into specific objectives and goals, an organization can develop key performance indicators (KPIs) for each perspective and monitor its progress towards achieving its strategic goals.