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Utilizing the BSC and EFQM as a Combination Framework; Scrutinizing the Possibility by TOPSIS Method

Neda Jalaliyoon (neda.jalaliyoon@yahoo.com), Hamed Taherdoost (hamed.taherdoost@gmail.com) and Mazdak Zamani (mazdak@utm.my)
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Neda Jalaliyoon: , Iran
Hamed Taherdoost: , Iran
Mazdak Zamani: , Malaysia

International Journal of Business Research and Management (IJBRM), 2011, vol. 1, issue 3, 169-182

Abstract: Increasing the competition between organizations in the field of productions and services leads them to use the samples and patterns to assess their activities and performance. Appearing this kind of needs and inefficiency of measuring systems with traditional activities assessment causes to create new models of activities assessment in organizations. These models could be divided in two groups. The first group is based on self assessment and the second group is based on measurement and improvement of business trade process. Among mentioned models, Balanced score Card (BSC) and European Foundation for Quality Management (EFQM) have had more chance to be used by many companies. Regarding the high acceptance of these two models in the world and existence many similarities between them; this study is going to present exact glance of these two models and present a comparison between them. Moreover, after recognizing the weaknesses and powers of them, the possibility of using them at the same time will be evaluated. In order to gain this goal, an automobile company’s performance has been assessed based on BSC and EFQM and the results are analyzed with TOPSIS method.

Keywords: Balanced Score Card (BSC); Total Quality Management (TQM); European Foundation for Quality Management (EFQM); Topsis Method; Assessment; Performance (search for similar items in EconPapers)
JEL-codes: M0 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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International Journal of Business Research and Management (IJBRM) is currently edited by Dr. Mattei Cristofaro

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