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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