Final answer:
The statement is false because the balanced scorecard is designed to include human resource management activities as part of its Learning and Growth perspective, which is essential for aligning those activities with the company's overall business strategy.
Step-by-step explanation:
The statement that the balanced scorecard should not be used to link a company's human resource management activities to the company's business strategy is false. The balanced scorecard is a strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work that everyone is doing with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.
It typically comprises four perspectives: Financial, Customer, Internal Business Processes, and Learning and Growth. The Learning and Growth perspective includes employee training and corporate cultural attitudes related to both individual and corporate self-improvement. In this way, human resource management activities are integral to this perspective, as they contribute directly to the growth and development of the organization's capabilities. Therefore, utilizing the balanced scorecard to link human resource management to the overall business strategy is not just advisable but necessary for achieving holistic organizational harmony and effectiveness.