The role of balanced scorecard to raise the financial performance of SME’s supply chain

The results of the research showed that the scorecard is balanced and affects the financial performance of small and medium enterprises’ supply chain. In this research, Pearson correlation coefficient and regression test were used. The results of this study showed that the balanced scorecard is effective on the financial performance of small and medium enterprises supply chain.
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The role of balanced scorecard to raise the financial performance of SME’s supply chain 349 Int. J Sup. Chain. Mgt Vol. 8, No. 1, February 2019 The Role of Balanced Scorecard to Raise the Financial Performance of SME’s Supply Chain Khalid Hasan Al jasimee1, Ghaith Hakim Malik2, Hasan Talib Hashim3 1 College of Biotechnology, University of Al-Qadisiyah 1Khalid.hasan@qu.edu.iq 2 College of Computer Science and Information Technology, University of Al-Qadisiyah 2Gaith.Malik@qu.edu.iq 3 Thi-qar Technical College Southern Technical University 3hasan.alkhafaji@stu.edu.iqAbstract- The purpose of this study is the role of the 1. Introductionbalanced scorecard to raise the financialperformance of SME’s supply chain. This research Today, the turbulent nature of global trade faces theis an applied and correlated study which formed the challenges of the manufacturing sectors and the marketstatistical society of the research staff with 1122 for products, these challenges require organizations topeople for small and medium enterprises. Using the firmly establish their own base in this unstableCochran formula, the statistical sample of 286 was environment by employing their management systemsselected by stratified sampling. Using the Cochran and implementing them in practice and to achieveformula, the statistical sample of 286 was selected things with continuous progress. Success in this fieldby stratified sampling. The data gathering tool was depends on the organizations ability to apply anda questionnaire of balanced scorecard and evaluate performance and core processes. In thisfinancially researcher-made questionnaire includes regard, the topic of performance evaluation has becomedimensions of value management, risk control and one of the most important managerial debates, and newcost control. The reliability of the questionnaires approaches have been proposed by the researchers,was 0.79 for the human capital questionnaire and including the balanced scorecard that can be0.80 for the financial performance questionnaire implemented in all manufacturing and industrialwith Cronbachs alpha coefficient and the validity organizations [4], [5]. The Balanced Scorecard is aof the questionnaires was confirmed by experts. In technique for converting strategy into action, balancingthis research, Pearson correlation coefficient and scorecard maintains traditional financial indices, butregression test were used. The results of the financial indicators alone are inadequate, a balancedresearch showed that the scorecard is balanced and scorecard completes financial indicators of pastaffects the financial performance of small and performance with indicators of determinants of futuremedium enterprises’ supply chain. In this research, performance [1]. The objectives and indexes of thePearson correlation coefficient and regression test rating card are determined by the strategy and vision ofwere used. The results of this study showed that the the organization. These goals and indicators refer to thebalanced scorecard is effective on the financial organizations performance in four perspectives:performance of small and medium enterprises financial, customer, internal processes, and growth andsupply chain. learning. The balanced scorecard, in addition to being a performance measurement tool, is a model forKeywords: Performance evaluation, Balanced operating the strategy, transforming operationalScorecard, Financial performance, Small and Medium programs, and controlling and improving it. In order toEnterprises, Supply Chain. realize the strategy, and since performance appraisal is the most appropriate tool for any organization to ensure its steps towards long-term and strategic goals, this model can help organizations to implement strategies and ensure implementation without deviation [3], [6].______________________________________________________________ The financial performance of each organization is oneInternational Journal of Supply Chain Management of the tools to measure the organizations achievement ...