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Performance evaluation of private universities based on balanced scorecard: empirical study based on Iran

Author

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  • Sarfaraz Hashemkhani Zolfani
  • Abdolhamid Safaei Ghadikolaei

Abstract

Private universities are new generation of universities in Iran that their existences are less than 20 years. The research in this area was never completed about evaluating of these universities all these years. The aim of this research is to make a framework for evaluating these universities with Balanced Scorecard (BSC) and MCDM methods. Three MCDM methods are applied in this research. DEMATEL is applied for research on cause and effect relations of perspectives of BSC, ANP is applied to calculate weights of indices in perspectives and finally VIKOR for ranking universities that is selected as a case study. This research totally used 38 experts in two groups for evaluating of universities. Results of this research are: (1) Internal Process is the most effective perspective of BSC. (2) Brand, Academic Excellence, Product Quality, Student Satisfaction and Budget Control are five more important indices that calculated with ANP. (3) Shomal University of Amol is the best university among five universities that were selected for this research and they have been established more than ten years.

Suggested Citation

  • Sarfaraz Hashemkhani Zolfani & Abdolhamid Safaei Ghadikolaei, 2013. "Performance evaluation of private universities based on balanced scorecard: empirical study based on Iran," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 14(4), pages 696-714, September.
  • Handle: RePEc:taf:jbemgt:v:14:y:2013:i:4:p:696-714
    DOI: 10.3846/16111699.2012.665383
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    Cited by:

    1. Fijałkowska Justyna & Oliveira Cidalia, 2018. "Balanced Scorecard in Universities," Journal of Intercultural Management, Sciendo, vol. 10(4), pages 57-83, December.
    2. Noor Azmi Bin Hashim & Aliyu Olayemi Abdullateef & Bashir Danlami Sarkindaji, 2015. "The Moderating Infl uence of Trust on the Relationship between Institutional Image/Reputation, Perceived Value on Student Loyalty in Higher Education Institution," International Review of Management and Marketing, Econjournals, vol. 5(3), pages 122-128.
    3. Büyüközkan, Gülçin & Güleryüz, Sezin, 2016. "An integrated DEMATEL-ANP approach for renewable energy resources selection in Turkey," International Journal of Production Economics, Elsevier, vol. 182(C), pages 435-448.
    4. Gul, Muhammet & Yucesan, Melih, 2022. "Performance evaluation of Turkish Universities by an integrated Bayesian BWM-TOPSIS model," Socio-Economic Planning Sciences, Elsevier, vol. 80(C).
    5. Fahmi Fadhl Al-Hosaini & Saudah Sofian, 2015. "A Review of Balanced Scorecard Framework in Higher Education Institution (HEIs)," International Review of Management and Marketing, Econjournals, vol. 5(1), pages 26-35.
    6. Ertugrul Ayyildiz & Mirac Murat & Gul Imamoglu & Yildiz Kose, 2023. "A novel hybrid MCDM approach to evaluate universities based on student perspective," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(1), pages 55-86, January.
    7. Vivek Agrawal & Nitin Seth & Jitendra Kumar Dixit, 2022. "A combined AHP–TOPSIS–DEMATEL approach for evaluating success factors of e-service quality: an experience from Indian banking industry," Electronic Commerce Research, Springer, vol. 22(3), pages 715-747, September.
    8. Qi-Zhen Zhang & Shan Jiang & Ran Liu & Hu-Chen Liu, 2020. "An Integrated Decision-Making Model for Analyzing Key Performance Indicators in University Performance Management," Mathematics, MDPI, vol. 8(10), pages 1-16, October.

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