dc.contributor.author |
Khomba, James Kamwachale
|
|
dc.contributor.author |
Vermaak, Frans N.S.
|
|
dc.contributor.author |
Hanif, Rabiya
|
|
dc.date.accessioned |
2013-03-22T12:43:49Z |
|
dc.date.available |
2013-03-22T12:43:49Z |
|
dc.date.issued |
2012-05-02 |
|
dc.description.abstract |
The balanced scorecard model that was invented by Kaplan and Norton (1992) in the USA was designed
for Western countries that operate within a capitalistic system. The capitalist systems focus on
maximisation of wealth for the financial capital providers, shareholders. Africa is different in that its
socio-cultural framework is socialist, community-based and humanist in nature. Thus, the balanced
scorecard model is not fully reconcilable with an African environment. This study aimed at establishing
whether or not the balanced scorecard model is relevant to an organisation operating in Africa. The
study results reveal that the African social-cultural framework is inclusive in that its corporate
governance embraces all stakeholders unlike an exclusive western framework of corporate governance
that focuses on shareholders only. The current conceptualisation of the Norton and Kaplan balanced
scorecard model is not ideal for an organisation operating in an African environment. There is a need to
redesign the current balanced scorecard model to reflect realities of the African socio-cultural
framework. |
en_US |
dc.description.librarian |
am2013 |
en_US |
dc.description.uri |
http://www.academicjournals.org/AJBM |
en_US |
dc.identifier.citation |
Khomba, JK, Vermaak, FNS & Hanif, R 2012, 'Relevance of the balanced scorecard model in Africa : shareholder-centred or stakeholder-centred?', African Journal of Business Management, vol. 6, no. 17, pp. 5773-5785. |
en_US |
dc.identifier.issn |
1993-8233 (print) |
|
dc.identifier.issn |
2079-410X (online) |
|
dc.identifier.other |
10.5897/AJBM12.042 |
|
dc.identifier.uri |
http://hdl.handle.net/2263/21198 |
|
dc.language.iso |
en |
en_US |
dc.publisher |
Academic Journals |
en_US |
dc.rights |
©2010 Academic Journals |
en_US |
dc.subject |
Africa |
en_US |
dc.subject |
Malawi |
en_US |
dc.subject |
South Africa (SA) |
en_US |
dc.subject |
Ubuntu |
en_US |
dc.subject |
Balanced scorecard |
en_US |
dc.subject |
Stakeholders |
en_US |
dc.title |
Relevance of the balanced scorecard model in Africa : shareholder-centred or stakeholder-centred? |
en_US |
dc.type |
Article |
en_US |