Which management system helps organizations translate their vision into actionable strategies?

The balanced scorecard is a strategic management system that enables organizations to translate their vision and strategy into a coherent set of performance measures. It provides a comprehensive framework that considers multiple perspectives—financial, customer, internal process, and learning and growth—allowing organizations to align their activities to their strategy. By using this approach, companies can monitor performance against defined objectives, ensuring that all organizational functions are working harmoniously towards achieving the overarching goals. This alignment is essential for effective execution of strategy and achieving long-term success.

The other options represent important concepts in management but do not serve the specific purpose of translating vision into actionable strategies. Operational level management focuses more on day-to-day operations rather than strategic alignment. A quality assurance framework is primarily concerned with maintaining product or service quality. The product life cycle model describes the stages a product goes through, rather than assisting with strategic implementation.