Nobody downloaded yet

The cultural impact regarding to the application of Balanced Scorecard to improve capability in construction industry in Saudi Arabia - Thesis Proposal Example

Comments (0) Cite this document
The system is based on tracking organisational performance, measured by non-financial indices, which are linked to organisational success. The BSC system is comprised of four…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
The cultural impact regarding to the application of Balanced Scorecard to improve capability in construction industry in Saudi Arabia
Read TextPreview

Extract of sample
"The cultural impact regarding to the application of Balanced Scorecard to improve capability in construction industry in Saudi Arabia"

Download file to see previous pages & Company Management Tools and Trends 2007 (Bain, 2007) reports that 66% of the respondents were using the Balanced Scorecard (BSC) as part of their strategic decision-making process. Yet fewer than 20% of companies utilising the BSC have realised measurable performance improvement (Williams, 2004). Buytendijk (2007) proposes that the perception that implementation of a BSC, in and of itself, will lead to organisational alignment is a “fairy tale.”
Bititci, Mendibil, Nudurupati, Turner, and Garengo (2004, p. 28) posit that the implementation and use of such performance measurement systems is greatly affected by organisational culture and management styles. Denton (2005) reports that 76% of firms place importance on organisational culture, but only about 37% are measuring it. Indeed, Kaplan and Norton (2004, p. 56) observed that companies with successful BSC implementations “had a culture in which people were deeply aware of and internalised the mission, vision, and core values needed to execute the company’s strategy.”
A third concept that plays a pivotal role in this relationship is Organisational Learning. Indeed, Kaplan and Norton (2001a) include Learning as the basis from which improvement in all other perspectives grows. Further, Kaplan and Norton (1996c, p. 15) refer to the BSC as a “strategic learning framework,” and outline how the BSC facilitates learning in each of the four processes of the BSC model (Kaplan and Norton, 1996b).
Kaplan and Norton (2004) report that the Learning and Growth objective appearing most frequently in BSC’s is “shaping the culture” (p. 60). They link strategy changes resulting from the BSC to changes in culture. These changes are the direct result of organisational learning vis-à-vis the BSC feedback system. Accordingly, the literature indicates that the BSC leads to performance improvement in the presence of the appropriate organisational culture. In BSC terminology, organisational learning and growth ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The cultural impact regarding to the application of Balanced Scorecard Thesis Proposal”, n.d.)
The cultural impact regarding to the application of Balanced Scorecard Thesis Proposal. Retrieved from
(The Cultural Impact Regarding to the Application of Balanced Scorecard Thesis Proposal)
The Cultural Impact Regarding to the Application of Balanced Scorecard Thesis Proposal.
“The Cultural Impact Regarding to the Application of Balanced Scorecard Thesis Proposal”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Balanced Scorecard
...designed to analyze the performance and strategic management. This model mainly tries to figure out the current and future needs of stakeholders and identify what the organization expects from its stakeholders. The Performance Prism is a three dimensional framework including strategies, processes, and capabilities and it works in the light of an organization’s relationship with its stakeholders. Although this method was basically evolved from the Balanced Scorecard framework, it gives specific focus on an organization’s full range of stakeholders. As this methodology was designed to meet stakeholder needs and requirements, it is applicable to any organizational unit...
8 Pages(2000 words)Essay
Balanced Safety Scorecard for Saudi Schools
...Approach to Design Designing of a Balanced Score Card (BSC) requires a through understanding of the structure of the organization, processes and hierarchy of people. In our case of Saudi schools, after understanding this I have divided the BSC framework in 5 different perspectives named as P1 to P5. The perspectives are based on the following broad classification Leadership’s Initiatives and approach to safety Approach towards training and learning of safety Policies, procedures and operational rules for safety Personal safety culture Safety performance Each of this Perspective needs to be understood and then factors underlying each one should be defined and elaborated. We shall see them one by one. P1: SAFETY MANAGEMENT... is in...
20 Pages(5000 words)Thesis
...Perspective 8 Sales Growth 9 Growth in Operating Activities 9 Free Cash Flow Productivity 9 Customer Perspective 10 Increase in Customer Retention 10 Improved Customer Service 10 Increase in number of Customers 11 Internal Perspective 11 Reductions in Inventory 11 New Product Developments 12 Improvement in Distribution Efficiency 12 Learning and Growth Perspective 12 Employee Turnover 13 High Skill Levels 13 Employee Satisfaction 13 References 16 Formulation and Implementation of Balanced Scorecard of Procter & Gamble Balance Scorecard was developed by Robert Kaplan and Dr. David Norton in the year 1992. It is a tool developed to measure...
10 Pages(2500 words)Essay
Balanced Scorecard
...? Balanced scorecard [Semester] Balanced scorecard Introduction A balanced scorecard is a performance measurement tool used in strategic management to discover and develop a variety of internal processes as well as assessing of the impacts of the external factors. In particular, the purpose of this technique is to measure and assist organizations in the implementation of their goals and strategies. The balanced scorecard method is used by organizations for different purposes including strategic planning, organizational and strategic positioning, improvement of...
8 Pages(2000 words)Assignment
Construction industry in Saudi Arabia
...research and development and subsidizing student tuition fees in these subjects. In Saudi Arabia royalty is not merely a figurehead as in the UK, but the ultimate power source as the king not a prime minister makes all the very important decisions (Lindsey 2010). While there have been recent efforts at diversification, Saudi Arabia’s economic growth was fueled by the oil boom of the 1970s creating an impetus for growth in spin off industries such as construction The oil boom created a demand not only for oil plants, but also high end commercial and residential construction stimulated by the growth in wealth B....
4 Pages(1000 words)Research Paper
Balanced Scorecard
...eminent feature of balanced scorecard measure is that rather than focusing on a single aspect, it encompasses all the major elements that have a significant impact upon of the organization's performance. Bryant, Jones and Widener (2004, p108) illustrate this point as that, "firms implement a BSC by selecting both financial and non-financial measures across four hierarchical perspectives: learning and growth, internal business processes, customer, and financial". Hence, the BSC measure rests on evaluating the performance of a firm on four distinct perspectives. Although the performance is also gauged in terms of financial perspective but it is not done exclusively. It is combined with...
5 Pages(1250 words)Essay
Balanced Scorecard
...September 8, Summary: Balanced Scorecard Balanced scorecard is reportedly a strategic management tool that provides measures or techniques which enable managers to determine the ability of the organization to apply strategies that achieve organizational goals. As indicated, these measures include both financial and operational measures, internal processes, as well as innovation and improvement activities. There have been four crucial perspectives in the balance scorecard concept, such as: the customer, internal, financial, and innovation and learning. The noted benefits of using balanced...
1 Pages(250 words)Essay
Saudi Arabia Cultural Profile
.... Armonk (N.Y.: M. E. Sharpe, 2004. Print. Johnson, A R, and R E. Parta. Cold War Broadcasting: Impact on the Soviet Union and Eastern Europe - a Collection of Studies and Documents. CEU Press, 2010. Print.Bottom of Form Johnson, David K. The Lavender Scare: The Cold War Persecution of Gays and Lesbians in the Federal Government. Chicago: University of Chicago Press, 2004. Print. Kahn, Albert E. The Game of Death: Effects of the Cold War on Our Children. New York: Cameron & Kahn, 2006. Print. Mingst, Karen. Essentials of International Relations. New York: Norton, 2008. Print. Slugget, P. Cold War in the Middle East. New York: Oxford, 2005. Print. Wess, T.G, D.Z Kalbacher. The United Nations” in Williams, P. D. (ed.)....
5 Pages(1250 words)Research Paper
Application: Implementation of the Balanced Scorecard
...APPLICATION: IMPLEMENTATION OF THE BALANCED SCORECARD Provide a critical analysis of M&R’s implementation of the balanced scorecard To better critique and analyze M&R’s implementation of the balanced scorecard, it is very important to first understand the core characteristics of this management tool so that it can be compared to what prevailed at M&R. First, quote (year) noted a typical balanced scorecard to be one that has its focus on the strategic agenda that the organization it is being implemented in seeks to achieve. Secondly, it is important that the balance...
3 Pages(750 words)Assignment
Balanced Scorecard
...HUMAN RESOURCE- BALANCED SCORECARD Lecturer’s Balanced scorecard Managers in organizations want a balanced presentation of the operational and financial measures to ensure organizational success. The balanced scorecard helps in achieving this by tracking all the essential elements of the organizational strategy from partnership, teamwork, continuous improvement and global scale. The scorecard provides managers with a set of measures that provide the results of actions already taken. It is important for complementing the financial measures on customer satisfaction, organizational...
3 Pages(750 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Thesis Proposal on topic The cultural impact regarding to the application of Balanced Scorecard to improve capability in construction industry in Saudi Arabia for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us