Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 12 - Strategy, Balanced Scorecard, and Strategic Profitability Analysis - Assignment Material - Questions - Page 506: 12-7

Answer

A strategy map is a diagram that describes how an organization creates value by connecting strategic objectives in explicit cause-and-effect relationships with each other in the financial, customer, internal-business-process, and learning-and-growth perspectives. Strategy map is also a useful first step in designing a balanced scorecard.

Work Step by Step

A strategy map is a diagram that describes how an organization creates value by connecting strategic objectives in explicit cause-and-effect relationships with each other in the financial, customer, internal-business-process, and learning-and-growth perspectives. Strategy map is also a useful first step in designing a balanced scorecard.
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