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CIMAPRO19-P02-1 Exam - Topic 6 Question 70 Discussion

The starting point for developing a balanced scorecard for an organization should be:
D) the organization's non-financial targets
A) the organization's vision and strategy
B) the external market that the organization is operating in
C) benchmarking the organization's current performance

CIMAPRO19-P02-1 Exam - Topic 6 Question 70 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 70
Topic #: 6
[All CIMAPRO19-P02-1 Questions]

The starting point for developing a balanced scorecard for an organization should be:

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Suggested Answer: D

by Freeman at May 24, 2023, 11:57 PM

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Franchesca
10 months ago
Wait, non-financial targets? That’s unexpected!
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Iluminada
10 months ago
External market factors matter too, though!
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Glenn
10 months ago
Really? I thought it was about current performance first.
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Margurite
11 months ago
Totally agree, vision is key!
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Viola
11 months ago
It should start with the organization's vision and strategy.
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Rory
11 months ago
I feel like the external market context is important too, but I can't recall if it should be the very first step in developing the scorecard.
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Colette
11 months ago
I was thinking it might be about benchmarking current performance, but that seems more like a step later in the process.
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Adelaide
11 months ago
I remember a practice question that emphasized the importance of aligning the scorecard with the organization's goals, which makes me lean towards option A.
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Nida
11 months ago
I think the starting point should be the organization's vision and strategy, but I'm not entirely sure if that's the only factor to consider.
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Shantell
11 months ago
This looks like a straightforward question about VPC route tables. I'm pretty confident I can figure this out.
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Linn
11 months ago
I'm not totally sure about this. Is network zones the right feature to use here? There might be other ways to limit MFA enrollment based on user location or network access. I'll have to review the material again to be confident in my answer.
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Floyd
11 months ago
Okay, I've got this. The key is to enforce the strictest possible security measures while still allowing external users to create their own logins. I think options A and D are the way to go.
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Stevie
1 year ago
I'm going with E) The organization's ability to make the best coffee in the breakroom. That's the real key performance indicator, trust me.
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Leslie
1 year ago
D sounds tempting, but let's be real, non-financial targets alone don't cut it. You need that overarching vision to tie everything together. A all the way!
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Hyman
1 year ago
B) the external market that the organization is operating in
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Kaitlyn
1 year ago
I agree, starting with the vision and strategy sets the direction for the balanced scorecard.
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Craig
1 year ago
A) the organization's vision and strategy
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Kina
1 year ago
Hah, I bet the exam writers are just trying to trick us. C seems too obvious, but it's the right answer. Gotta love those benchmark questions!
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Latrice
1 year ago
I'm going with B. Understanding the external market and competition is crucial for developing a meaningful scorecard, isn't it? Otherwise, how do you benchmark your performance?
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Nada
1 year ago
C) benchmarking the organization's current performance
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Kallie
1 year ago
C) benchmarking the organization's current performance
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Dalene
1 year ago
Yes, understanding the external market is key for a balanced scorecard.
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Mila
1 year ago
Yes, understanding the external market is key for a balanced scorecard.
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Joesph
1 year ago
B) the external market that the organization is operating in
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Yuki
1 year ago
A) the organization's vision and strategy
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Nina
1 year ago
B) the external market that the organization is operating in
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Franklyn
1 year ago
A) the organization's vision and strategy
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Galen
1 year ago
I think benchmarking the organization's current performance (Option C) is also crucial to understand where improvements are needed.
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Detra
1 year ago
Definitely A. The balanced scorecard is all about aligning the organization's activities to its vision and strategy. That's the foundation, everything else flows from there.
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Leah
1 year ago
Yes, understanding the vision and strategy is crucial for setting the right benchmarks.
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Annalee
1 year ago
A) the organization's vision and strategy
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Alyce
1 year ago
But shouldn't we first understand where we stand currently before aligning with the vision and strategy?
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Brynn
1 year ago
C) benchmarking the organization's current performance
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Pearlie
1 year ago
I agree, that's the starting point for developing a balanced scorecard.
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Roxane
1 year ago
A) the organization's vision and strategy
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Galen
1 year ago
Yes, that's true. Benchmarking can come later once we have a clear vision and strategy in place.
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Brandon
1 year ago
A) the organization's vision and strategy
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Lucia
1 year ago
But shouldn't we also consider benchmarking the organization's current performance?
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Georgeanna
1 year ago
C) benchmarking the organization's current performance
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Lavonna
1 year ago
I agree, it's important to start with the organization's vision and strategy.
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Jade
1 year ago
A) the organization's vision and strategy
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Teddy
1 year ago
I agree with Antione. It's important to align the balanced scorecard with the organization's overall goals.
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Antione
1 year ago
I think the starting point should be the organization's vision and strategy (Option A).
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Gabriele
1 year ago
I think C) benchmarking the organization's current performance is also important to understand where improvements can be made.
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Alyce
1 year ago
I agree with Wei, starting with the organization's vision and strategy is crucial for developing a balanced scorecard.
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Wei
1 year ago
A) the organization's vision and strategy
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