IMPLEMENTING THE PLANNED BALANCED SCORECARD Li was aware that he needed to first recruit used car dealers over the next several years and, through them, build up the used car loan business. At the same time, he was concerned about the downturn in the economy, the pressure from Toyota, and the risks of the new business. His management team fully supported the new strategy. He knew that as CEO, it was his responsibility to create the corporate scorecard. How could he best measure the effectiveness of his new strategy? (Source: Ivey Publications, 2011) Required: Explain each of the following points or inquires separately: 1- Evaluate the strengths and weaknesses of the used-car financing business proposal. (190 words) 2- What must Jung Hua Li do well in order for the new business to succeed? (100 words) 3- Prepare a balanced scorecard for the implementation of this business and discuss the linkage between the measures. (200 words)