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Full-Text Articles in Business

Strategically Aligning Family And Business Systems Using The Balanced Scorecard, Justin Craig, Ken Moores Mar 2011

Strategically Aligning Family And Business Systems Using The Balanced Scorecard, Justin Craig, Ken Moores

Justin B. Craig

We take an integrated approach to align issues that influence the family and business, systems. Using innovation action research (Kaplan, 1998) we illustrate how the Balanced Scorecard, that includes reference to family business challenges can be introduced and used to assist family, members, board members and management in a third-generation Australian family-owned business. The process of scorecard development is discussed and the development of the core essence, vision, and mission statements, strategic objectives, measures and targets, which can be scrutinized by family, business stakeholders to ascertain consistency with the vision of the company, is outlined. We suggest, that, in the …


The Best Selection Of Strategic Plans In Balanced Scorecard Using Multi-Objective Decision Making Model, J Dodangeh Dec 2010

The Best Selection Of Strategic Plans In Balanced Scorecard Using Multi-Objective Decision Making Model, J Dodangeh

Jay Daniel

In an increasingly competitive business environment, many organizations have adopted the strategic planning approach in an attempt to achieve excellence in business. Implementation of appropriate strategies plays an important role for organizations' success. Balanced scorecard is an appropriate tool used for designing operational strategies. However, one of the balanced scorecard problems is its selection in strategic plans' performance. In this paper, a model was established for the selection of strategic plans in “balanced scorecard” using “goal programming model” which is one of the multi objective decision making models. So, using the consensus of organizations’ managers and experts' opinions, the measures …