scholarly journals The Importance of the Integrative Relationship Between Cause and Effect Analysis and The Sustainable Balanced Scorecard in Solving Problems of Economic Units

Author(s):  
Dr Abbas Nawar Khait Al-Musawi ◽  
Dr Abbas Nawar Khait Al-Musawi

The aim of the research is to highlight the complementarity between cause-and-effect analysis and the Sustainable Balanced Tag Card. The problem with the research is that economic units are poorly aware of the theoretical and philosophical foundations of cause-and-effect analysis and their importance in costing and solving administrative problems and inadequate attention to financial and non-financial measures. In order to achieve the objective of research and test its hypotheses, the Wasit Textile and Weaving Plant of the State Company for the Textile and Leather Industries, located in the centre of the Wasit prefecture, has been selected as a centre for research. Its performance has been evaluated and a model has been presented to solve the problems it faces through a cause-and-effect analysis scheme with a sustainable balanced tag card (SBSC) that details all environmental and social aspects, both quantitative and financial. A set of conclusions has been reached, the most important of which is that the cause-and-effect relationship is not just a correlation, but a reasonable relationship between the level of the activity and its costs, because it gives analysts and managers confidence in the relationships repeatedly estimated in other sets of data, The identification of cost guides gives managers a vision of several methods they use to reduce costs and the quantity of routers, and the sustainable balanced labeling card uses both financial and non-financial performance measures to bridge the gap arising from the use of financial measures only, as well as to measure and improve performance , The economic unit wishing to take advantage of the characteristics of the adopted economic unit strategies that are relevant to each dimension of the sustainable balance tag and its drawbacks should be careful not to reduce the costs of products or services on an ongoing basis, and focus not only on reducing costs, but also on providing distinct products and services that meet

2020 ◽  
Vol 5 (1) ◽  
pp. 34-46
Author(s):  
Ayane Maria Gonçalves da Silva

The main objective of this work is to verify whether there is a cause-and-effect relationship, evidenced in the literature, among the variables belonging to the Balanced Scorecard (BSC) applied in a fuel distributor company. The importance of this research is that the alignment of these relationships is considered one of the main conditions for achieving the organization's mission. Therefore, in order to achieve this objective, Pearson's correlation was used to verify the correlations between the variables studied and the regression technique was used in order to verify the link of causality between the perspectives adopted in the BSC, in the exercise of 2016 to 2017, through statistical inferences. Statistically, there was a weak or moderate cause-and-effect relationship between the BSC's strategic objectives in the period studied, and it may be listed as reasons that would justify this fragile relationship, as was also evidenced in studies by Barros and Wanderley (2016) , the lack of customization of the BSC at the moment of its implementation, the difficulty of the board to disassociate from the financial information present in the financial statements for the decision making and the own corporate structure of the investigated company, which is backed by the family management model.


2021 ◽  
Vol 13 (10) ◽  
pp. 5641
Author(s):  
Carlos Suárez-Gargallo ◽  
Patrocinio Zaragoza-Sáez

This paper provides a deeper knowledge of the implementation of the Balanced Scorecard (BSC) in the Spanish footwear industry, under an exploratory research which has been conducted with a final sample of seven firms. An online questionnaire was developed, supported by phone calls and a personal interview. An 18–24-month-period has been found to be enough to develop solid foundations for a BSC. Financial and non-financial measures are presented in the whole firms and in the majority of the four perspectives, linked by cause-and-effect relationships, showing a high development in the BSC implementation. BSCs with a high grade of development are more likely to identify their intangibles as well as include them in the firm’s strategy. A personal BSC has been identified as a limitation. Although the strategy is spread out with meetings in the whole firms, it is not known at all levels, showing a gap to be fulfilled. Strategy maps are key in BCS implementation: they are present in the majority of the firms and show that the performance drivers reach the strategy. Firms with a high grade of development and expectation, using both financial and non-financial measures linked by cause-and-effect relationships, are more likely to define sustainable measures, integrating them in their own BSC.


2019 ◽  
Vol 33 (5) ◽  
pp. 1039-1054 ◽  
Author(s):  
Elijah J. Petersen ◽  
Cordula Hirsch ◽  
John T. Elliott ◽  
Harald F. Krug ◽  
Leonie Aengenheister ◽  
...  

2020 ◽  
Vol 12 (4) ◽  
pp. 1517
Author(s):  
Neeraj Bhanot ◽  
Fahham Hasan Qaiser ◽  
Mohammed Alkahtani ◽  
Ateekh Ur Rehman

Sustainability is a growing concern for manufacturing companies, as they are major contributors to pollution and consume a substantial portion of the world´s natural resources. Sustainable manufacturing can reduce waste, conserve energy and increase resource efficiency. However, one of the main challenges facing manufacturing organisations to put sustainability into practice is the lack of understanding of the cause-and-effect relationships between critical indicators of sustainable manufacturing. To overcome this challenge, a novel, rigorous and integrated framework, composed of four quantitative methods, is proposed to analyse critical indicators of sustainable manufacturing. The analysis is based on responses from both academic and industry experts. These four methods including DEMATEL (decision-making trial and evaluation laboratory), the MMDE (maximum mean de-entropy) algorithm, ISM (interpretive structural modelling) and SEM (structural equation modelling) are uniquely integrated to present statistically validated relationships between critical indicators using information on varying degrees of relationship between them. The final cause-and-effect models for the respondent groups (i.e., researchers and industry experts) are further validated through gathering the viewpoints of a researcher and an industry practitioner for its robustness. The novelty of our research lies in: (1) proposing a novel and integrated rigorous quantitative framework combined with qualitative research method; (2) applying the proposed framework to analyse contextual relationships between critical indicators of implementing sustainability, in the manufacturing sector as a whole, which to the best of authors’ knowledge is the first of its kind; and (3) comparing and contrasting results of researchers and industry practitioners’ groups along with a check of their validation and robustness.


2019 ◽  
Vol 130 ◽  
pp. 01010
Author(s):  
Gafero Priapalla Rahim ◽  
Sunaryo

This paper analyses factors that might cause accidents to the container ships due to containers stacked on deck, and propose applicable actions to minimize these factors. The number, capacity, and speed of hatch-coverless container ships worldwide have increased significantly since the latest decade due to the increase of world trade. There is also a trend of stacking more containers on deck in order to increase the capacity of the ships. This phenomenon makes the number of container ship accidents also increasing; particularly capsize or sink. Even though merchant ships have to comply with safety rules and regulations, but the number of accidents still significantly high. The accidents usually cause great loses to the cargo and damage the overall logistic system. The sources of container ship accidents can be categorized into the ship itself, the environment, human factor, and management. In this study, accidents data and related information were gathered through literature study, on the spot observation, and direct interviews with relevant parties. Causes of accidents were then identified using cause and effect analysis. Based on the findings from the analysis, options for overcoming them were simulated to obtain the most applicable solutions that would minimize the accidents.


2005 ◽  
Vol 105 (5, Part 1) ◽  
pp. 1031-1038 ◽  
Author(s):  
Andrew A. White ◽  
James W. Pichert ◽  
Sandra H. Bledsoe ◽  
Cindy Irwin ◽  
Stephen S. Entman

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