Corporate Competitiveness Index of Climate Change: A Balanced Scorecard Approach

Abstract

Climate change is one of the most critical issues in the business sector. This conceptual study proposes a corporate competitiveness evaluation model of climate change by adopting the Balanced Scorecard approach. This study provides a series of specific performance and competitiveness indicators of climate change in the four dimensions of learning and growth, internal process, external stakeholders, and finance and carbon performance. The indicators, which use both quantitative and qualitative methods, can be immediately applied in the field. This study presents practical guidelines to successfully adopt and implement the competitiveness evaluation model in an organization by considering prevalent innovation tools of business process management, process visualization, and knowledge socialization. Finally, it provides some implications for managers and policy-makers who wish to proactively address climate change in the business sector.

The Role of Technological Innovation on the Effect of International Strategic Alliances on Corporate Competitiveness in Jordanian International Business Administration: Moderating and Mediating Analysis

“…Instead, a multifaceted approach that includes everything from company values and strategy to customer service and technical advancements is required. The dynamic nature of the modern market necessitates more than just a commitment to excellence (Myung et al, 2019). The ability to adapt to shifting market conditions, shifting consumer tastes, and new technologies is a hallmark of a successful business.…”

Application of Balanced Scorecard in Performance Management and Evaluation of Listed Companies

“…Currently, commonly used performance evaluation methods include Management by Objectives (MBO), Key Performance Indicator Assessment (KPI), Economic Value Added (EVA), and Balanced Scorecard (BSC) [10][11][12][13]. Among them, as a performance management tool with strategy as the core, BSC has many advantages and has been widely used in performance evaluation [14]. e evaluation dimensions of BSC are mainly divided into four dimensions, that is, financial, customers, internal processes, and learning and growth, which represent the interests of the shareholders, customers, employees, etc.…”

Sustainable Supply Chain Risk Management in a Climate-Changed World: Review of Extant Literature, Trend Analysis, and Guiding Framework for Future Research

“…Integration of qualitative and quantitative methods: While both qualitative and quantitative methods are utilized in studying SC risks, there is a need for more integrated approaches [68,121,122]. Greater insights could be derived from research that integrates qualitative insights from case studies and interviews with quantitative data analysis.…”

“…Developing comprehensive risk assessment and management models: Understanding the complexity and interdependencies of CC risks within SCs requires developing a comprehensive measure of SC risk and management models [68,121,122]. These models should incorporate multiple risk factors, ranging from physical risks (such as extreme weather events or sea-level rise) to transitional risks (such as regulatory or market changes related to CC).…”