Which statement best summarizes the role of the Balanced Scorecard in management?

The Balanced Scorecard serves as a comprehensive framework that aligns an organization’s activities with its overall vision and strategy. By considering multiple perspectives—namely financial, customer, internal processes, and learning and growth—the Balanced Scorecard enables management to monitor and evaluate performance across a variety of metrics that collectively influence long-term success. This holistic approach ensures that all aspects of organizational performance are considered in decision-making, promoting a balanced view that is essential for strategic alignment. Thus, the statement about aligning business activities with the organization's vision and strategy accurately captures the fundamental purpose of the Balanced Scorecard in management.