Microworlds of the Dynamic Balanced Scorecard for University (DBSC-UNI)

• Main Authors: Nurul Nazihah, Hawari, Razman, Mat Tahar
• Format: Conference or Workshop Item
• Language: English
• Published: AIP Publishing 2015
• Subjects: HD28 Management. Industrial Management
• Online Access: http://umpir.ump.edu.my/id/eprint/11852/1/Microworlds%20of%20the%20Dynamic%20Balanced%20Scorecard%20for%20University%20%28DBSC-UNI%29.pdf; http://umpir.ump.edu.my/id/eprint/11852/; http://dx.doi.org/10.1063/1.4937028

This research focuses on the development of a Microworlds of the dynamic balanced scorecard for university in order to enhance the university strategic planning process. To develop the model, we integrated both the balanced scorecard method and the system dynamics modelling method. Contrasting the traditional university planning tools, the developed model addresses university management problems holistically and dynamically. It is found that using system dynamics modelling method, the cause-and-effect relationships among variables related to the four conventional balanced scorecard perspectives are better understand. The dynamic processes that give rise to performance differences between targeted and actual performances also could be better understood. So, it is expected that the quality of the decisions taken are improved because of being better informed. The developed Microworlds can be exploited by university management to design policies that can positively influence the future in the direction of desired goals, and will have minimal side effects. This paper integrates balanced scorecard and system dynamics modelling methods in analyzing university performance. Therefore, this paper demonstrates the effectiveness and strength of system dynamics modelling method in solving problem in strategic planning area particularly in higher education sector.