Authors: N. Ramasamy; R. Rajesh; S. Pugazhendhi; K. Ganesh
Addresses: Department of Mechanical Engineering, Noorul Islam Centre for Higher Education, Kanyakumari District, Tamil Nadu, India ' Department of Mechanical Engineering, Noorul Islam Centre for Higher Education, Kanyakumari District, Tamil Nadu, India ' Department of Manufacturing Engineering, Annamalai University, Chidambaram, Tamil Nadu, India ' Knowledge Scientist McKinsey India Limited, Chennai, Tamil Nadu, India
Abstract: As issues of performance measurement and issues of accountability become increasingly consequential in higher education, an understanding of the concerns motivating these changes and the new measurement frameworks which are emerging can be extremely useful. The balanced scorecard (BSC) is a tool that translates an organisation's mission and strategy into tangible objectives and measures. The measures are balanced between outcome measures - the results of past efforts - and the measures that drive future performance. This paper develops a balanced scorecard for academic institutions that measures and evaluates day-to-day business operations from following four perspectives: finance, customer, internal business process, and learning and growth. This paper also proposes an analytic hierarchy process-based (AHP) approach for prioritising the performance measures of higher level academic institutions on the four perspectives of a balanced scorecard. The approach summarises the evaluation indexes extracted from related literature. Then, the relative weights of the chosen evaluation indexes are calculated using the analytic hierarchy process. The proposed approach is demonstrated through a case study involving a university in South India.
Keywords: balanced scorecard; BSC; analytical hierarchy process; AHP; performance measurement; academic institutions; higher education; performance measurement; accountability; India.
International Journal of Enterprise Network Management, 2016 Vol.7 No.1, pp.13 - 26
Received: 17 Dec 2014
Accepted: 10 Jan 2015
Published online: 06 Mar 2016 *