Final answer:
The approach to performance management that organizes financial and nonfinancial performance measures into a single model is the Balanced Scorecard.
Step-by-step explanation:
The approach to performance management that identifies financial and nonfinancial performance measures and organizes them into a single model is the Balanced Scorecard. The Balanced Scorecard is a strategic performance management framework that allows organizations to view their performance from four different perspectives: financial, customer, internal processes, and learning and growth. By using a variety of metrics and measures, the Balanced Scorecard provides a comprehensive view of an organization's performance and helps align strategic goals with daily activities.