71.8k views
1 vote
In the balanced scorecard approach to strategic management, which company action does the customer value?

Monitoring processes to ensure satisfactory outcomes

Analyzing employee ability to accomplish goals

Providing quality goods and services

Designing clear long-range objectives

User Bluantinoo
by
7.6k points

1 Answer

7 votes

Final answer:

In the balanced scorecard approach, the action most valued by customers is providing quality goods and services, which aligns with the customer perspective that prioritizes customer satisfaction and value.

Step-by-step explanation:

In the balanced scorecard approach to strategic management, the action that customers typically value the most is providing quality goods and services. This component is one of the four perspectives outlined in the balanced scorecard framework, the others being financial, internal business processes, and learning and growth. The emphasis on providing quality goods and services directly correlates to the customer perspective of the balanced scorecard, where customer satisfaction is a top priority.

The balanced scorecard approach recognizes that the customer perspective is a critical aspect of a company's strategy as it reflects the company's ability to provide value to its customers. High-quality products and services lead to customer satisfaction, which is vital for retaining customers and achieving business growth. Thus, companies using the balanced scorecard methodology carefully monitor and strive to improve areas that deliver direct value to their clientele, such as customer service, product quality, and value for money.

User Nik Bougalis
by
8.8k points