LINKING BALANCED SCORECARD MEASURES TO SMES’ BUSINESS STRATEGY: ADDRESSING THE MODERATING ROLE OF FINANCIAL RESOURCES
Journal: INTERNATIONAL JOURNAL OF RESEARCH -GRANTHAALAYAH (Vol.3, No. 12)Publication Date: 2015-12-30
Authors : Mahshid Lonbani; Saudah Sofian; Mas Bambang Baroto;
Page : 92-99
Keywords : Balanced Scorecard; Performance Measurement; Small and Medium Enterprises; Business Strategy.;
Abstract
Using financial and non-financial measures, the Balanced Scorecard (BSC) approach evaluates different aspects of firms' performance: financial, customer, learning and growth, and internal business processes. Resource flexibility and availability of financial resources are basically highlighted as separate antecedents of company's performance. Grounded on resource based view, the role of financial resources on business strategy has been addressed numerously in previous studies. However, there is limited study to evaluate the role of financial resources on relationship between business strategy and BSC performance measures. Especially there is no study addressing this issue according to the moderating role of financial resources among small and medium enterprises (SMEs). It is worth mentioning that such relationships and models can be more highlighted in a developing countries since financial resources has been debated to be weak in theses context. Grounded in contingency theory, an evaluation of the moderating role that financial resources plays in the relationship between SMEs' business strategy and balanced scorecard performance measures in SMEs points to the value of providing enough resources for SMEs. External fund providers such as banks and loan providers can help SMEs in this regard since firms could pass the way from business strategy to superior BSC performance measures more successfully.
Other Latest Articles
- SOCIAL SUPPORT AND JOB SATISFACTION AMONG THE SCHOOL TEACHERS IN TIRUCHIRAPPALLI EDUCATIONAL REVENUE DISTRICT, TAMIL NADU, INDIA
- ROLE OF KUDUMBASHREE AND WOMEN EMPOWERMENT: A STUDY OF THIRUVANANTHAPURAM MUNICIPAL CORPORATION AREAS IN KERALA STATE, INDIA
- BURDEN, SEASONALITY, SEX RATIO AND PREFERRED SITES OF TICKS OF PUBLIC HEALTH IMPORTANCE ON CATTLE FOUND AT AMANSEA, ANAMBRA STATE NIGERIA
- THE ECOLOGICAL CONCEPT AND ENLIGHTENMENT –THE “UNITY BETWEEN HEAVEN AND MAN”
- STUDY OF EFFECTIVENESS OF PERFORMANCE APPRAISAL SYSTEM IN SELECTED INDIAN COMPANIES
Last modified: 2017-09-23 17:22:16