menu
bartleby
search
close search
Hit Return to see all results
close solutoin list

In a balanced scorecard, a key strategic if-then statement is provided: if the number of defective units decreases, then market share will increase. Assume that the targeted reduction level of defective units was achieved but that the targeted market share increase was not achieved. Which statement best describes this outcome? a. The company has not successfully implemented its strategic plan. b. Single-loop feedback is needed. c. The hypothesized relationship is somehow invalid. d. Corrective action must be taken so that the strategy can be executed as intended.

BuyFindarrow_forward

Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663

Solutions

Chapter
Section
BuyFindarrow_forward

Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663
Chapter 13, Problem 15E
Textbook Problem
338 views

In a balanced scorecard, a key strategic if-then statement is provided: if the number of defective units decreases, then market share will increase. Assume that the targeted reduction level of defective units was achieved but that the targeted market share increase was not achieved. Which statement best describes this outcome?

  1. a. The company has not successfully implemented its strategic plan.
  2. b. Single-loop feedback is needed.
  3. c. The hypothesized relationship is somehow invalid.
  4. d. Corrective action must be taken so that the strategy can be executed as intended.

To determine

Identify the statement that best describes the outcome.

Explanation of Solution

Cause-and-effect relationship: Cause-and-effect relationship are the means through which  lag and lead variables are integrated and simultaneously serve as the tool for expressing and disclosing the strategy of the firm.

Justification for the incorrect option a:

Implementation of the strategic plan comes under strategic alignment. Therefore, it is an incorrect option.

Justification for the incorrect option b:

Single-loop feedback concentrates on the effectiveness of implementation and it gives emphasis to actual results that are deviating from the desired results. Therefore, it is an incorrect option...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Chapter 13 Solutions

Cornerstones of Cost Management (Cornerstones Series)
Show all chapter solutions
add
Ch. 13 - Define the three processes of the process value...Ch. 13 - Identify three objectives of the learning and...Ch. 13 - What is a testable strategy?Ch. 13 - What is meant by double-loop feedback?Ch. 13 - Identify and explain three methods for achieving...Ch. 13 - Norton Company has the following data for one of...Ch. 13 - Craig, Inc., has provided the following...Ch. 13 - Harmon Community Hospital developed the following...Ch. 13 - The following comment was made by the CEO of a...Ch. 13 - A Balanced Scorecard expresses the complete story...Ch. 13 - The Balanced Scorecard is an approach that has the...Ch. 13 - Consider the following list of scorecard measures:...Ch. 13 - Hatch Manufacturing produces multiple machine...Ch. 13 - Computador has a manufacturing plant in Des Moines...Ch. 13 - Refer to Exercise 13.9. Assume that the company...Ch. 13 - The following if-then statements were taken from a...Ch. 13 - Consider the following quality improvement...Ch. 13 - Bannister Company, an electronics firm, buys...Ch. 13 - Refer to Exercise 13.13. Suppose that Mandy...Ch. 13 - In a balanced scorecard, a key strategic if-then...Ch. 13 - Which of the following objectives would be...Ch. 13 - A manufacturing cell produces 40 units in five...Ch. 13 - Which of the following objectives would likely be...Ch. 13 - Which of the following objectives would likely be...Ch. 13 - Carson Wellington, president of Mallory Plastics,...Ch. 13 - At the end of 20x1, Mejorar Company implemented a...Ch. 13 - Refer to the data in Problem 13.21. 1. Express...Ch. 13 - The following strategic objectives have been...Ch. 13 - Lander Parts, Inc., produces various automobile...Ch. 13 - Auflegger, Inc., manufactures a product that...Ch. 13 - Mulhall, Inc., has a JIT system in place. Each...Ch. 13 - At the beginning of the last quarter of 20x1,...

Additional Business Textbook Solutions

Find more solutions based on key concepts
Show solutions add
What is a loan amortization schedule, and what are some ways these schedules are used?

Fundamentals of Financial Management (MindTap Course List)

What is inflation and what causes it?

Principles of Microeconomics (MindTap Course List)

PRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuities. Discounting occurs once 4 year...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Why do economists make assumptions?

Essentials of Economics (MindTap Course List)

Why do economists sometimes offer conflicting advice to policymakers?

Principles of Macroeconomics (MindTap Course List)