Final answer:
A strategy map is the diagram that links various perspectives in a balanced scorecard, illustrating the cause-and-effect relationships and helping to align and communicate an organization's strategy.
Step-by-step explanation:
A diagram that links the various perspectives in a balanced scorecard is called a strategy map. A strategy map is a visual tool that provides a comprehensive view of an organization's objectives and the cause-and-effect relationships between different strategic perspectives. These perspectives typically include financial, customer, internal processes, and learning and growth. Strategy maps help organizations align their initiatives with their long-term goals and communicate their strategy internally and externally.
The balanced scorecard itself is a performance management tool that allows organizations to track and manage their strategies by looking at a mix of financial and non-financial measures. By using a strategy map with the balanced scorecard, an organization can illustrate how various initiatives and objectives interconnect, thereby ensuring all aspects of the strategy are aligned and working cohesively towards the overall mission and vision of the entity.