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How to measure and compare the value of organizations. The case study of HEIs

Author

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  • Marzena Wójcik-Augustyniak

    (Siedlce University of Natural Sciences and Humanities, Poland)

Abstract

In an age of general and permanent evaluation of everyone and everything, the issue of finding measures and methods of measuring value has come to the fore. Evaluation (or measurement of value) has been a subject of a number of publications; a lot of methods (better or worse) of measuring the value of organisations and workstations have been devised. The purpose of the paper is to attempt to use radar charts to support the measurement and comparison of the value of universities as an example of organisations. The research question is the following: How can radar charts be used to measure and compare the value of organisations? The hypothesis formulated assumes that radar charts can be used in various areas of analysing the value of organisations, including: to measure the value of organisations (dynamic); to make multi-criteria comparisons of organisations; to evaluate organisations from the point of view of various groups of stakeholders. The comparative research was done at 11 public universities located in 6 Eastern European countries (Bulgaria, the Czech Republic, Hungary, Poland, Romania, Slovakia) and two other public universities, one in Great Britain and the other in the United States, which were a type of benchmarks. The criteria constituting the value of universities that were adopted for the research were measurable (objective) factors taken into account in university rankings: Faculty/ Student Ratio, International Faculty Ratio, International Student Ratio, Citation, Industry income, Patents awarded (size-normalised), Regional joint publications, Presence and Impact. The research done with the use of radar charts let the author carry out the measurement of the value and a comparative analysis of selected universities, and draw conclusions.

Suggested Citation

  • Marzena Wójcik-Augustyniak, 2020. "How to measure and compare the value of organizations. The case study of HEIs," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2144-2169, March.
    • Handle: RePEc:ssi:jouesi:v:7:y:2020:i:3:p:2144-2169
    DOI: 10.9770/jesi.2020.7.3(46)
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    References listed on IDEAS

    as
    1. Jane Broadbent, 2007. "If You Can't Measure It, How Can You Manage It? Management and Governance in Higher Educational Institutions," Public Money & Management, Taylor & Francis Journals, vol. 27(3), pages 193-198, June.
    2. Gio Wiederhold, 2014. "Valuing Intellectual Capital," Management for Professionals, Springer, edition 127, number 978-1-4614-6611-6, March.
    3. Gio Wiederhold, 2014. "The Value of Intellectual Capital," Management for Professionals, in: Valuing Intellectual Capital, edition 127, chapter 0, pages 35-62, Springer.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    value; radar chart; universities; comparative analysis; stakeholders;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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