IDEAS home Printed from https://ideas.repec.org/a/nax/conyad/v62y2017i2p26-27.html
   My bibliography  Save this article

Executive flight simulator as a learning tool in new companies’ resource planning based on the balanced scorecard

Author

Listed:
  • Daniela Vidal Flores

    (Twentieth Century Fox Home Entertainment, Ciudad de México, México)

  • Rogerio Domenge Muñoz

    (Instituto Tecnológico Autónomo de México, Ciudad de México, México)

Abstract

A deficient strategic planning in new companies has produced that entrepreneurs initial decisions haven’t been the appropriate and, in the long term, consequences will be reflected in the failure of many new companies. The objective of this article is to propose an executive flight simulator that will help to identify and evaluate different strategies for the development of resources of a new manufacturing company, based on the four perspectives of the balanced scorecard that will help the user to become sensitive in the impact that this will have in the performance measures. The simulator is designed under the System Dynamics view for educational purposes in MBAs, entrepreneurship or executive development programs.

Suggested Citation

  • Daniela Vidal Flores & Rogerio Domenge Muñoz, 2017. "Executive flight simulator as a learning tool in new companies’ resource planning based on the balanced scorecard," Contaduría y Administración, Accounting and Management, vol. 62(2), pages 26-27, Abril-Jun.
    • Handle: RePEc:nax:conyad:v:62:y:2017:i:2:p:26-27
    as

    Download full text from publisher

    File URL: http://www.cya.unam.mx/index.php/cya/article/view/1467
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. H A Akkermans & K E van Oorschot, 2005. "Relevance assumed: a case study of balanced scorecard development using system dynamics," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 56(8), pages 931-941, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hoque, Zahirul, 2014. "20 years of studies on the balanced scorecard: Trends, accomplishments, gaps and opportunities for future research," The British Accounting Review, Elsevier, vol. 46(1), pages 33-59.
    2. Maria Cleofe Giorgino & Federico Barnabè & Martin Kunc, 2020. "Integrating qualitative system dynamics with accounting practices: The case of integrated reporting and resource mapping," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(1), pages 97-118, January.
    3. Pietro Lovaglio, 2011. "Model building and estimation strategies for implementing the Balanced Scorecard in Health sector," Quality & Quantity: International Journal of Methodology, Springer, vol. 45(1), pages 199-212, January.
    4. Lucia Clara Banchieri & Fernando Campa Planas & Maria Victoria Sanchez Rebull, 2011. "What has been said, and what remains to be said, about the balanced scorecard?," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 29(1), pages 155-192.
    5. Levandivskyi Omelian & Shpykuliak Oleksandr & Balaniuk Ivan & Svynous Ivan & Shelenko Diana, 2022. "Modeling of Added Value as a Financial Indicator of Activity of Agricultural Enterprises in the Regions of Ukraine," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 44(3), pages 288-301, September.
    6. Khalife, Joe J. & Abbas, Mohammad Al & Saab, Samer S., 2020. "Formation of policies guided by multivariable control theory," Operations Research Perspectives, Elsevier, vol. 7(C).
    7. Daniela Vidal Flores & Rogerio Domenge Muñoz, 2017. "Simulador de vuelo ejecutivo como medio de aprendizaje en la planeación de recursos de nuevas empresas bajo el enfoque del marcador balanceado," Contaduría y Administración, Accounting and Management, vol. 62(2), pages 24-25, Abril-Jun.
    8. Marek Barowicz, 2022. "Zrównoważona karta wyników w procesie kryzysowego zarządzania bankiem w dobie pandemii COVID-19," Bank i Kredyt, Narodowy Bank Polski, vol. 53(1), pages 107-148.
    9. Federico Cosenz & Guido Noto, 2016. "Applying System Dynamics Modelling to Strategic Management: A Literature Review," Systems Research and Behavioral Science, Wiley Blackwell, vol. 33(6), pages 703-741, November.
    10. Akkermans, Henk, 2016. "Walking the thin line : Reflections of a professional modeller," Other publications TiSEM 3023298f-db6e-4e61-a44b-4, Tilburg University, School of Economics and Management.
    11. Jahangirian, Mohsen & Eldabi, Tillal & Naseer, Aisha & Stergioulas, Lampros K. & Young, Terry, 2010. "Simulation in manufacturing and business: A review," European Journal of Operational Research, Elsevier, vol. 203(1), pages 1-13, May.
    12. Yael Perlman, 2013. "Causal Relationships in the Balanced Scorecard: A Path Analysis Approach," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 4(1), pages 70-79, February.
    13. Mudhafar Alefari & Mohammed Almanei & Konstantinos Salonitis, 2020. "A System Dynamics Model of Employees’ Performance," Sustainability, MDPI, vol. 12(16), pages 1-31, August.
    14. Patel, Brijesh & Chaussalet, Thierry & Millard, Peter, 2008. "Balancing the NHS balanced scorecard!," European Journal of Operational Research, Elsevier, vol. 185(3), pages 905-914, March.
    15. Bentes, Alexandre Veronese & Carneiro, Jorge & da Silva, Jorge Ferreira & Kimura, Herbert, 2012. "Multidimensional assessment of organizational performance: Integrating BSC and AHP," Journal of Business Research, Elsevier, vol. 65(12), pages 1790-1799.
    16. Wolfgang Ossadnik & Ralf H. Kaspar & Stefanie Schinke, 2013. "Constructing a Tailor-made Performance Management System Supported by Knowledge Elicitation Tools and Dynamic Modeling," International Journal of Business Research and Management (IJBRM), Computer Science Journals (CSC Journals), vol. 4(4), pages 75-98, November.
    17. S P Santos & V Belton & S Howick, 2008. "Enhanced performance measurement using OR: a case study," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 59(6), pages 762-775, June.

    More about this item

    Keywords

    Executive flight simulator; Entrepreneurship; Scenario analysis; Resource development; Balanced scorecard; System dynamics;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nax:conyad:v:62:y:2017:i:2:p:26-27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alberto García-Narvaez (Technical Editor) (email available below). General contact details of provider: https://edirc.repec.org/data/fcunamx.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.