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The first step is building the scorecard. The scorecard is an assessment of the organization foundations, its core beliefs, their market opportunities, competition, and their short and long-term goals. The second step is the development of the overall business strategy. The third step is a decomposition of the business strategy into smaller components call objectives. The objectives are the basic building blocks of the strategy. The fourth step is to create a strategic map of the organizations overall business strategy. The Fifth step is performance measures. Performance measures are developed to keep track of both the strategic and operational progress...
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