The balanced scorecard's evolution as a strategic mechanism at banking sectors

Abstract

As the current study has an empirical and impartial nature, a quantitative method was considered the best method for achieving the research objectives of the study. A quantitative technique applied in order to analyze the current study. Sample design refers to the procedure or method the researcher is willing to accept in choosing items for the sample. Research sample was selected using a procedure of random sampling and it was carried out in different banks. A total of 140 questionnaires were distributed, however 128 participants properly filled out the questionnaires. The study applied multiple regression analysis to measure the current study. The results show that internal process as balanced scored card has significant positive influence on strategic mechanism at 5% level. The results show that internal process as balanced scored card has significant positive influence on strategic mechanism at 5% level. The results show that organizational capacity as balanced scored card has significant positive influence on strategic mechanism at 5% level. The results show that customer as balanced scored card has significant positive influence on strategic mechanism at 5% level. Moreover, all beta value is higher than .001. The results show that nonfinancial incentives have a better impact on employee success because they encourage them to be more environmentally conscious. As a result, it is proposed that, in order to ensure environmental protection, nonfinancial initiatives be used in accordance with financial measures to enhance internal company processes. For example, rather than conventional initiatives that would persuade sustainable change, it is recommended that measures related to waste and utilization of specific resources be taken. The methodological results further highlight the importance of learning and development as a constant phase rather than a seasonal operation.

Franchisors’ Strategic Pricing Approaches for Franchise Fee Decisions and the Moderating Role of the Competitive Condition: Evidence from the Korean Franchising Market

“…As prior research has suggested, the reasons the cost-based approach is actively used in the pricing mechanism are as follows: (1) cost-related information provides a clear direction toward the possible price range, which guarantees positive profits to firms (Hinterhuber 2004(Hinterhuber , 2016; and (2) in most cases, this type of information is available in the organization, and collecting and understanding the data is easy and clear for any decision maker (Fabiani et al 2005;Govindarajan and Anthony 1983;Guerreiro et al 2006). The findings of this study showed that franchisors consider cost-related information to be useful for setting the prices of business models, thus supporting prior research (e.g., Ali and Anwar 2021;Amaral and Guerreiro 2019). The positive relationship between the cost level and franchise fees suggests that firms with lower cost levels decide lower fees and vice versa.…”

“…Based on the empirical evidence, Amaral and Guerreiro (2019) mentioned that the cost-based approach is recognized as an essential method for pricing since it also incorporates competitors and value information. Ali and Anwar (2021) specified the cost-based approach into detailed strategies such as penetration pricing, price skimming, and competitive pricing and found them to have substantial magnitudes of influence on the pricing. These findings provide a strong background for understanding that the cost-based approach is identified as the most prevalent method across companies.…”

Evolutionary game research on the psychological choice of online shopping of fresh agricultural products based on dynamic simulation model

“…The imbalance between the supply and demand of agricultural products is mainly due to the errors of retailers in estimating market demand. Therefore, it is more realistic to study how a retailer's psychological expectations of online shopping for fresh and live products affect the retailer's decision-making [2]. This experiment will consider the psychological selection behaviour of fresh product buyers of fresh agricultural product retailers.…”