Designing and Formulating Risk Response Strategies for Implementing Strategic Management Using a Balanced Scorecard in Esfahan Steel Company
Journal Title: System Engineering and Productivity - Year 2023, Vol 2, Issue 4
Abstract
This article examines the risks of implementing the balanced scorecard as one of the most practical strategic management tools, and the Isfahan Iron and Steel Company has been selected as a case study. For the implementation of this new tool in strategic management, four risk categories have been identified, including risks arising from management factors, risks arising from structural factors, risks arising from cultural and human factors, and risks arising from infrastructure factors. This research is an applied research in terms of its purpose and nature and method, and a descriptive-survey research. Interviews with senior managers and their consultants, as well as a questionnaire, are used to collect research data and information. The questionnaires distributed among managers and supervisors are closed-ended and researcher-made. The statistical population of this study is 518 senior managers and consultants to managers, as well as supervisors of Zob Ahan Joint Stock Company, who play an important role in implementing the balanced scorecard, and the sampling method will be random stratified and divided into managers and supervisors, proportional to the volume. Determining the impact of each of the managerial, structural, cultural-human, and infrastructural risks of implementing strategic management based on the average was one of the findings of this study.
Authors and Affiliations
Sohrabian, R. Ahmadvand, A. M.
Keywords
Related Articles
- EP ID EP768174
- DOI 10.22034/sep.2023.704332
- Views 5
- Downloads 0
Evaluation and Selection of Sustainable Suppliers by Providing a Decision Support System Based on a New Data Envelopment Analysis Model and Cumulative Star Utility
Decision-making around sustainable supplier selection is a key issue in supply chain management that has become an important goal for Sapco in recent years. The supplier selection problem is considered a decision-making...
Establishing a Reliability-based Maintenance methodology in a Gas Pressure Reduction System
Although various maintenance and repair (M&R) methods, especially preventive M&R, are currently used in industries, reliability-based M&R is recognized as an effective method for selecting the correct M&R strategy, which...
Designing a Risk Management Model in Continuous Reinforced Concrete Pavements (CRCP) Using Network Analysis Method
By using the correct economic plan and the necessary tools to control threats and take advantage of opportunities, project managers can achieve their goals and objectives. The desired goal of managers in the areas of cos...
Identifying and Evaluating Factors Affecting Contractor Selection using a Combination of Construction Management Perspectives and Multi-criteria Decision-making Methods
Contractor management, evaluation, and selection are essential parts of the construction process, as contractors are the fundamental pillars of civil and non-civil projects and the main factor in converting resources int...
The Impact of Social Networks on Students' Environmental Perception with Emphasis on Crisis Management (Case Study: Students of Tehran Public Universities)
New media can be studied in the form of social networks. Although a short time has passed since their emergence, they have attracted many users, and in the meantime, considering the infrastructure and the size of the exi...