The first step in implementing a balanced scorecard is to:
A)Choose the performance measures to be used
B)Communicate the strategic plan to the organization
C)Clarify the organizational vision
D)Create the performance reward scheme for employees that meet their targets

Question

Quizplus · Accepted Answer

Clarifying the organizational vision is the first step because it provides a clear direction and foundation for developing the balanced scorecard, ensuring that all subsequent steps align with the organization's strategic objectives.

The First Step in Implementing a Balanced Scorecard Is To