Linking Organizational Strategic Plan with Individual Goals and Work Plans
Which of the following are general categories of performance that link an organization's strategic plan with individual goals and work plans in each department?
a) Key Performance Indicators (KPIs)
b) Employee Engagement
c) Performance Metrics
d) Balanced Scorecard
Final answer:
The Balanced Scorecard is a strategic performance measurement framework that links an organization's strategic plan with individual goals and work plans in each department.
Explanation:
The correct answer is option d) Balanced Scorecard. The Balanced Scorecard is a strategic performance measurement framework that links an organization's strategic plan with individual goals and work plans in each department. It helps align organizational objectives with employees' performance by measuring performance in four areas: financial, customer, internal processes, and learning and growth.
Key Performance Indicators (KPIs) are specific metrics used to measure progress towards strategic goals and can be part of the Balanced Scorecard. Employee Engagement refers to the emotional commitment employees have to the organization and does not directly link to individual goals and work plans. Performance Metrics can be used to measure performance, but they don't necessarily link strategic plans with individual goals and work plans unless they are part of the Balanced Scorecard.
Which of the following performance categories is crucial for linking an organization's strategic plan with individual goals and work plans? The Balanced Scorecard is the crucial performance category that links an organization's strategic plan with individual goals and work plans in each department. It provides a framework for aligning organizational objectives with employees' performance by measuring key areas such as financial, customer, internal processes, and learning and growth.