Abstract
Due to the increased competition between the various industrial companies at the local and international levels, there became a need to adopt modern and effective methods and tools that enable such companies to acquire and maintain competitive advantages that help them choose, apply and assess the strategies adopted. One of the most important tools is the Balanced scorecard according to the leadership concept and the decisions of the COBIT committee; this tool had a great concern and attention by researchers or businessmen; applying it led to a remarkable success in some companies, which made it move from a mere tool of management to an integrated system of strategic management. The method of measuring the balanced scorecard according to the COBIT committee helps the industrial companies’ measure their strategic performance wisely and even goes further in helping formulate the companies' industrial strategies in a pioneer method, translate them into strategic goals, translate these objectives into strategic measurements achieving a follow-up and finally assess the industrial strategy locally and globally. Accordingly, the study aimed at shedding light on the impact of the cognitive integration among the dimensions of the traditional balanced scorecard and the IT balanced scorecard on the Entrepreneurship value in the industrial companies. The study community consisted of all the public shareholding industrial companies listed on Amman Stock Exchange by the end of (2015) amounting to (63) (Annual Report of Amman Stock Exchange, 2016). (56) Companies were randomly selected to form the study sample. One of the most important results of the study is that the effectiveness of measuring the quality of applying the traditional Balanced Scorecard and the IT Balanced Scorecard will create the Entrepreneurship value of the industrial companies, thus contributing to achieving the company's strategic objectives. The study recommended the need that the industrial companies follow up the local and international issues linked with the IT related to applying the balanced scorecard to reach for the institutional leadership with the need that such companies encourage innovation processes, accepting new ideas and motivating employees to provide innovative ideas.
Highlights
The Balanced Scorecard is considered one of the most modern administrative systems working on translating the vision, strategies and mission of the company into strategic objectives, which are shown in multiple dimensions through using financial and non-financial performance metrics, through which the overall position, center and strength of the company can be discovered
One of the most important tools is the Balanced scorecard according to the leadership concept and the decisions of the Control Objectives for Information Technology (COBIT) committee; this tool had a great concern and attention by researchers or businessmen; applying it led to a remarkable success in some companies, which made it move from a mere tool of management to an integrated system of strategic management
The COBIT framework according to the balanced scorecard techniques is considered a global framework that provides directions on the use of the best practices to control the IT
Summary
The Balanced Scorecard is considered one of the most modern administrative systems working on translating the vision, strategies and mission of the company into strategic objectives, which are shown in multiple dimensions through using financial and non-financial performance metrics, through which the overall position, center and strength of the company can be discovered. There are many names for the Balanced Scorecard; the trend of many companies towards using the Balanced Scorecard stems from their need for being the best, the successive criticisms of the traditional financial and non-financial measurement systems, which are no longer useful in this great, competitive era among the businesses, and the presence of four perspectives on which the Balanced Scorecard focuses on during the measurement process, which are: (the financial axis, the customers' axis, the internal processes axis, and the growth and learning axis), which together form a coherent system able of analyzing both the internal and external environments Such balanced scorecard face many criticisms, which led to the creation of a developed scorecard in light of the regulations of the COBIT committee, which is ijbm.ccsenet.org. The current study adopts the following main problem: Is there a statistically significant effect for the cognitive integration between the dimensions of the traditional Balanced Scorecard and the IT Balanced Scorecard on the Entrepreneurship value in the Jordanian public shareholding industrial companies?
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