Which tool is used by managers to translate the organization's strategy into meaningful actions?

The balanced scorecard is a strategic management tool that helps organizations translate their vision and strategy into actionable objectives. It does this by providing a framework that links performance measurements to strategic goals, allowing managers to monitor and assess the effectiveness of their actions in relation to the organization's overarching strategy.

This tool incorporates both financial and non-financial performance indicators, offering a more comprehensive view of organizational performance. By aligning business activities to the strategy, it helps managers ensure that day-to-day operations support long-term goals and objectives.

In contrast, the other options serve different purposes: cost-benefit analysis is typically used for evaluating the financial feasibility of projects, process mapping focuses on visualizing workflows and processes for improvement, and impact analysis assesses the potential consequences of changes or decisions within an organization. While these tools are valuable in their own right, they do not specifically facilitate the translation of strategic objectives into meaningful, measurable actions in the way the balanced scorecard does.