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What is the next step after defining the scope of a balanced scorecard and gathering information from senior management?

A task team develops an implementation plan

Another workshop is held to refine the balanced scorecard

The balanced scorecard is periodically reviewed

The facilitator creates a draft of the balanced scorecard

After defining the scope of a balanced scorecard and gathering information from senior management, the next logical step is to create a draft of the balanced scorecard. This action is crucial as it synthesizes the insights and objectives derived from senior management discussions into a structured format. The draft serves as a foundation for further refinement, engagement, and alignment within the organization.

Creating a draft allows for a tangible representation of the strategic objectives, measures, and initiatives that will be part of the balanced scorecard. Subsequently, this draft can be reviewed, discussed, and revised during workshops or by task teams to ensure that it accurately reflects the strategic goals of the organization. Ultimately, this step is vital for moving from planning to actionable items that can be implemented effectively.

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