A Typical Balanced Scorecard Implementation Involves the Steps Listed Below

question 37

Essay

A typical balanced scorecard implementation involves the steps listed below. Number the steps in their correct order (1 through 7).
____ Analyze perspectives to develop performance objectives and measures
____ Clarify vision, core competencies and strategies
____ Collect and analyze scorecard data to monitor performance
____ Communicate, link throughout the organization, and refine
____ Establish performance targets and action plans
____ Investigate variances and reward employees
____ Provide feedback and refine balanced scorecard

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Definitions:

Artificially Create Milestones

The practice of deliberately setting checkpoint goals in a project's timeline, even if they don't naturally align with the project's progression.

Undue Influence

An improper or wrongful pressure exerted on someone to coerce them into an action that might not be in their best interest.

Responsibility Matrix

A tool used to define and document roles and responsibilities of individuals or teams in completing tasks or deliverables in a project.

Management Style

The approach or method that a manager uses to accomplish objectives, motivate employees, and manage tasks and challenges.