181k views
4 votes
Which of the following is a tool for executing strategy?

1) SWOT analysis
2) Balanced scorecard
3) Porter's Five Forces
4) PESTEL analysis

1 Answer

3 votes

Final answer:

The Balanced Scorecard is the tool among the listed options that is used for executing strategy, as it translates strategic objectives into performance metrics.

Step-by-step explanation:

The tool that is specifically designed for executing strategy is the Balanced Scorecard. Unlike SWOT analysis, Porter's Five Forces, and PESTEL analysis, which are primarily used for analyzing the business environment and helping in the strategic planning process, the Balanced Scorecard is a strategic performance management tool. It provides a framework for translating a company's strategic objectives into a set of performance metrics across four perspectives: Financial, Customer, Internal Business Processes, and Learning & Growth. These metrics are used to track the progress of strategy implementation and help ensure that the company's actions align with its strategic goals.

User Bertha
by
7.6k points