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A study on the balanced scorecard implementation of the SDIF

Author

Listed:
  • Nizamulmulk Gunes

    (Assoc. Prof.,Department of Audit, Savings Deposit Insurance Fund, Istanbul, Turkey)

  • Erdinc Percemli

    (Department of Audit, Savings Deposit Insurance Fund, Istanbul, Turkey)

Abstract

There are several management methods and tools transferred from private sector to public sector in order to attain efficiency and effectiveness with the movement of New Public Management. One of those methods is the Balanced Scorecard (BSC). While the BSC is highly recommended to both private and public organizations, it must be acknowledged that public organizations have a completely different structure and nature in some respects. Furthermore, developed countries’ organizations could not have the same traits as developing countries’ organizations do. This is an empirical case study which aims to investigate and analyze the experience of the BSC implementation in Savings Deposit Insurance Fund (SDIF) -a kind of Financial Regulatory Organization (FRO)- from Turkey within focal points of applicability, success criteria, challenges, and benefits. In order to achieve this objective, qualitative research method was applied by analyzing organization’s data and conducting interviews. This research concludes that the BSC concept has some unclear points both theoretically and practically. Also, it is not an easy and straightforward system to implement. On the other hand, it can be assessed as a beneficial tool for public organizations, particularly in developing countries, to get the habit of setting objectives, making plans to reach those objectives, measuring performance against those plans and reviewing.

Suggested Citation

  • Nizamulmulk Gunes & Erdinc Percemli, "undated". "A study on the balanced scorecard implementation of the SDIF," Review of Socio - Economic Perspectives 202201, Reviewsep.
    • Handle: RePEc:aly:journl:202201
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    References listed on IDEAS

    as
    1. Norreklit, Hanne, 2003. "The Balanced Scorecard: what is the score? A rhetorical analysis of the Balanced Scorecard," Accounting, Organizations and Society, Elsevier, vol. 28(6), pages 591-619, August.
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    3. Véronique Malleret & Annick Bourguignon & Hanne Norreklit, 2004. "The American balanced scorecard versus the French tableau de bord : the ideological dimension," Post-Print hal-00486648, HAL.
    4. Claudine Umashev & Roger Willett, 2008. "Challenges to Implementing Strategic Performance Measurement Systems in Multi‐Objective Organizations: The Case of a Large Local Government Authority," Abacus, Accounting Foundation, University of Sydney, vol. 44(4), pages 377-398, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    : balanced scorecard; strategic performance management; strategy map.;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy

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