THE EFFECTS OF THE IMPLEMENTATION OF THE BALANCED SCORECARD (BSC) ON FINANCIAL PERFORMANCE IN A SAUDI COMPANY - Dissertation Example

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THE EFFECTS OF THE IMPLEMENTATION OF THE BALANCED SCORECARD (BSC) ON FINANCIAL PERFORMANCE IN A SAUDI COMPANY

3. Analysis of the industry Saudi Arabia is one of the most powerful economies worldwide – even if it is not yet fully developed; the country has been a member of the WTO since 2005 (Abdallah, 2007), a fact that has been proved quite important for its economy. In accordance with a recent report of KPMG, Saudi Arabia is considered as ‘the 13th best place to do business’ (Fozan 2009). One of the key characteristics of the country’s banking sector is its dependency on the principles of Islamic finance (Mena FN 2011), a fact that should be taken into consideration when evaluating the potential effects of the Balanced Scorecard Model on the financial performance of banks in the particular country. The performance of the country in regard to each particular industrial sector is presented below in Graph 1. It is clear that the financial services sector of the specific country is of key importance for the national economy; the identification of methods that could enhance the performance of firms operating in this industry would be of significant value – in terms of the expected benefits for the country’s economy. ...
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RESEARCH PROPOSAL THE EFFECTS OF THE IMPLEMENTATION OF THE BALANCED SCORECARD (BSC) ON THE FINANCIAL PERFORMANCE OF A SAUDI COMPANY – THE CASE OF THE RIYAD BANK 1. Description of Academic Area A study on the potential implications and benefits of the Balanced Scorecard as a key strategic tool for supporting the financial performance of a firm operating in the financial services industry of Saudi Arabia…
Author : danielle32
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