The financial perspective of a balanced scorecard provides stakeholders with an
A.
understanding of customer needs
B.
understanding of an organization’s skills and capabilities
C.
overview of internal processes that have a customer focus
D.
insight into the well-being of an organization
The Answer Is:
D
This question includes an explanation.
Explanation:
The correct answer is D. insight into the well-being of an organization . The balanced scorecard in the CSSBB and supporting Lean Six Sigma materials includes four perspectives: financial , customers , internal processes , and learning and growth . The financial perspective addresses how the organization is performing economically and whether strategy execution is creating business value. Additional CSSBB material on financial measures states that Six Sigma is fundamentally tied to profitability and that financial benefits are used to evaluate, prioritize, select, and track projects.
Because of that, the financial perspective gives stakeholders a picture of the organization’s fiscal health, profitability, and overall business well-being. Understanding customer needs belongs to the customer perspective . Understanding skills and capabilities fits learning and growth . Reviewing internal processes with customer focus belongs to the internal process perspective . Therefore, the best answer is the one tied to the financial condition of the enterprise as a whole. In balanced scorecard terms, that means the financial perspective provides insight into the well-being of an organization , so D is the verified CSSBB-based answer.
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