Implementation of a strategic group map and balanced scorecard in a university setting
Laura L. Matherly, Mohammed A. El Saidi
Abstract
Laura L. Matherly, Mohammed A. El Saidi
Abstract
A balanced scorecard reports those performance indicators that have been derived from the institution's mission and stakeholder analysis and are aligned across all functions in the organisation. A comprehensive review of the literature reveals that most universities do not use a strategic map to show the causal linkages among the performance indicators. Drawing from the emerging performance excellence paradigm and research in strategic management, a strategic group map and implementation model are proposed from which a balanced scorecard is developed for higher education. Based on the application of these tools, the university achieved its first significant improvement in strategic indicators in over five years.
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A balanced scorecard reports those performance indicators that have been derived from the institution's mission and stakeholder analysis and are aligned across all functions in the organisation. A comprehensive review of the literature reveals that most universities do not use a strategic map to show the causal linkages among the performance indicators. Drawing from the emerging performance excellence paradigm and research in strategic management, a strategic group map and implementation model are proposed from which a balanced scorecard is developed for higher education. Based on the application of these tools, the university achieved its first significant improvement in strategic indicators in over five years.
Key concepts: Balanced scorecard, Strategy map, Excellence, Process management, Stakeholder, Operational excellence, Strategic management, Performance indicator