Ranking of strategic plans in balanced scorecard by using Electre method

Journal article

Daniel, J., Mojahed, M. and Nasehifar, V. 2010. Ranking of strategic plans in balanced scorecard by using Electre method. International Journal of Innovation, Management and Technology. 1 (3), pp. 259-274.
AuthorsDaniel, J., Mojahed, M. and Nasehifar, V.
Abstract

In a growing competitive business environment, many organizations have taken by adoption the strategic
planning approach to an effort for business excellence.
Implementation of proper strategies plays a vital role for
organizations' success. Balanced scorecard is a suitable tool for designing operational strategies. However, one of the balanced scorecard problems is the selection in strategic plans' performance. In this paper, was settled a model for selection of strategic plans in Balanced Scorecard using Electre method. So first using the consensus of organization's managers and experts' opinions, measures of four perspectives and general objectives are determined in BSC. And then using experts' opinions and taking the relative importance of decision makers' opinions into consideration, by using Electre 2 , the performances of strategic plans are selected in BSC model. The results are shown that the introduced method is more reliable and acceptable and the experts were verified the model for selecting of strategic plans in BSC in operation. The introduced method was used in a study and extracted results from it were analyzed from different points of view. In this article Initiative is called strategic plans.

Keywordsbalanced scorecard; Electre; initiatives; MCDM
Year2010
JournalInternational Journal of Innovation, Management and Technology
Journal citation1 (3), pp. 259-274
PublisherInternational Association of Computer Science and Information Technology
ISSN 2010-0248
Web address (URL)http://www.ijimt.org/papers/50-M436.pdf
Output statusPublished
Publication datesAug 2010
Publication process dates
Deposited17 Jun 2022
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