This page has only limited features, please log in for full access.
Organizational strategic programs are continuously evolving and gaining the attention of policy makers in order to construct organizations’ ecological and socioeconomic systems. The purpose of this study is to examine the relationship between the balanced scorecard (BSC) and sustainable development involving the mediated effect of political and regulatory influence. To achieve the core objectives of the research, the quantitative (positivism) research method is applied. The goal of the current research is made possible through the quantitative method because of its objective nature of reality. A total of 320 questionnaires were distributed among the different levels of managers; 280 respondents returned the questionnaire. The data are analyzed through a modern statistical tool called Smart-PLS, Partial Least Squares (PLS) is high graphical user interference software that is used to calculate Structural Equation Modeling (SEM) through PLS path modeling. Factor analysis is conducted to eliminate the variables that have no contribution and to reduce the variables to obtain better results in regression. The implications are for energy organizations that are struggling to deal with sustainable development and these tools can help them to achieve their sustainability goals. The study concludes that the adoption of BSC is essential to ensure sustainable development regardless of its challenges. Moreover, consideration of meta-constitutional rules as political influence is important to understand and address in order to mitigate financial loss. In nutshell, the use of BSC is highly recommended to eliminate the routine problems and to ensure environmental sustainability.
Muhammad Rafiq; Saif Maqbool; José Martins; Mário Mata; Rui Dantas; Shumaila Naz; Anabela Correia. A Study on Balanced Scorecard and Its Impact on Sustainable Development of Renewable Energy Organizations; A Mediating Role of Political and Regulatory Institutions. Risks 2021, 9, 110 .
AMA StyleMuhammad Rafiq, Saif Maqbool, José Martins, Mário Mata, Rui Dantas, Shumaila Naz, Anabela Correia. A Study on Balanced Scorecard and Its Impact on Sustainable Development of Renewable Energy Organizations; A Mediating Role of Political and Regulatory Institutions. Risks. 2021; 9 (6):110.
Chicago/Turabian StyleMuhammad Rafiq; Saif Maqbool; José Martins; Mário Mata; Rui Dantas; Shumaila Naz; Anabela Correia. 2021. "A Study on Balanced Scorecard and Its Impact on Sustainable Development of Renewable Energy Organizations; A Mediating Role of Political and Regulatory Institutions." Risks 9, no. 6: 110.
The role of management practices in the success of renewable energy organizations is not negligible because management practices are the backbone of any organization. Energy organizations are facing drastic environmental issues; therefore, the sector inevitably requires environment- friendly production, which is only possible through the deployment of concurrent management practices because sluggish management practices lead to dormancy and inadequate performance. This study investigates the emerging management practices that will enable the renewable energy sector to fulfill the current demands of the market, especially after the outbreak of the Covid-19 pandemic. This research deployed a qualitative research methodology that is grounded in the interpretivism research paradigm. Interpretive structural modeling (ISM) was applied due to the extent of its logical thinking, and its ability to address complex issues and disseminate results precisely. Data were collected through primary (structured and unstructured interviews) and secondary sources (literature reviews published in the last 10 years). Interviews of top- and middle-level managers working in the renewable energy sector of developing countries were conducted. The findings of the study postulate that the implementation of knowledge management practices and policy changes are the key influencing factors to achieve sustainable organizational performance. Decentralization also has the potential to influence and navigate the organizational performance of energy companies. The findings of the research advocate innovative practices for the energy sector that influence organizational performance. The qualitative findings of the study suggest that emerging practices, including knowledge management practices and decentralization, may proliferate organizational growth and development. The novel framework of the study implies that organizations should work progressively in deploying emerging management practices such as establishing a central response hub to avoid delays under the umbrella of resilience leadership.
Muhammad Rafiq; Shumaila Naz; José Martins; Mário Mata; Pedro Mata; Saif Maqbool. A Study on Emerging Management Practices of Renewable Energy Companies after the Outbreak of Covid-19: Using an Interpretive Structural Modeling (ISM) Approach. Sustainability 2021, 13, 3420 .
AMA StyleMuhammad Rafiq, Shumaila Naz, José Martins, Mário Mata, Pedro Mata, Saif Maqbool. A Study on Emerging Management Practices of Renewable Energy Companies after the Outbreak of Covid-19: Using an Interpretive Structural Modeling (ISM) Approach. Sustainability. 2021; 13 (6):3420.
Chicago/Turabian StyleMuhammad Rafiq; Shumaila Naz; José Martins; Mário Mata; Pedro Mata; Saif Maqbool. 2021. "A Study on Emerging Management Practices of Renewable Energy Companies after the Outbreak of Covid-19: Using an Interpretive Structural Modeling (ISM) Approach." Sustainability 13, no. 6: 3420.
Entrepreneurial intention (EI) has been widely cited as one of the foremost predecessors of entrepreneurship which fosters business opportunities to minimize the dependence on employment. Since it is worth noticing how one’s EI is formed; therefore, the prime purpose of this paper is to estimate the underlying concepts of proactive personality (PP) in establishing potential entrepreneurs’ EI through the mediating role of both specific self-efficacy and broader self-efficacy. This research investigates the parallel mediation and the role of mediators in the form of a series between PP and EI via broader self-efficacy and specific self-efficacy. The extant research employed a quantitative methodology by using a self-administered questionnaire technique. Data were collected using the cluster sampling technique from a sample size of 700 respondents in the higher education sector. To test the measurement and structural modeling, the PLS-SEM technique was deployed using Smart PLS 2.0 M3 software. Regarding the direct relationships, findings infer that PP is positively associated with three broader forms of self-efficacy, which determine specific self-efficacy. Findings indicated that broader forms of self-efficacy and specific self-efficacy play the role of the serial mediators in the relationship between proactive personality and entrepreneurial intentions. The research carries important implications for the university policymakers in Pakistan to develop their self-reliant “business incubation centers”, initiate experiential learning-based projects, improvise competency-based curriculum, design innovative projection techniques, and follow open innovation dynamics to establish an entrepreneurial culture.
Shumaila Naz; Cai Li; Umer Zaman; Muhammad Rafiq. Linking Proactive Personality and Entrepreneurial Intentions: A Serial Mediation Model Involving Broader and Specific Self-Efficacy. Journal of Open Innovation: Technology, Market, and Complexity 2020, 6, 166 .
AMA StyleShumaila Naz, Cai Li, Umer Zaman, Muhammad Rafiq. Linking Proactive Personality and Entrepreneurial Intentions: A Serial Mediation Model Involving Broader and Specific Self-Efficacy. Journal of Open Innovation: Technology, Market, and Complexity. 2020; 6 (4):166.
Chicago/Turabian StyleShumaila Naz; Cai Li; Umer Zaman; Muhammad Rafiq. 2020. "Linking Proactive Personality and Entrepreneurial Intentions: A Serial Mediation Model Involving Broader and Specific Self-Efficacy." Journal of Open Innovation: Technology, Market, and Complexity 6, no. 4: 166.
The study was carried out to investigate the empirical effect of a strategic management system on sustainable development by using a balanced scorecard (BSC), as a theoretical lens, and organizational performance, as an intervening variable. The study incorporated a positivism research paradigm in order to address the objective nature of research. As the current study has an empirical and impartial nature, a quantitative method was considered the best method for achieving the research objectives of the study. The study used questionnaires as a data collection instrument. In total, three hundred questionnaires were disturbed among Chinese power companies based in Pakistan. A stratified-random sampling approach was adopted to reach relevant respondents. Partial least squares-structural equation modeling was used for statistical analysis. BSC indicated a positive influence on sustainable development. Additionally, organizational performance depicted partial mediation between the strategic management system and sustainable development. The study underpins the theoretical foundation of a resource-based view (RBV) and a balanced scorecard view of the strategic management system. The findings suggest that non-financial measures have better consequences for employees’ performance, making them ecologically responsive, unlike the financial performance measures used previously. The study suggests taking measures related to wastage and usage of inimitable resources that focus on in-addition rather traditional measures, which can allow sustainable development.
Muhammad Rafiq; Xingping Zhang; Jiahai Yuan; Shumaila Naz; Saif Maqbool. Impact of a Balanced Scorecard as a Strategic Management System Tool to Improve Sustainable Development: Measuring the Mediation of Organizational Performance through PLS-Smart. Sustainability 2020, 12, 1365 .
AMA StyleMuhammad Rafiq, Xingping Zhang, Jiahai Yuan, Shumaila Naz, Saif Maqbool. Impact of a Balanced Scorecard as a Strategic Management System Tool to Improve Sustainable Development: Measuring the Mediation of Organizational Performance through PLS-Smart. Sustainability. 2020; 12 (4):1365.
Chicago/Turabian StyleMuhammad Rafiq; Xingping Zhang; Jiahai Yuan; Shumaila Naz; Saif Maqbool. 2020. "Impact of a Balanced Scorecard as a Strategic Management System Tool to Improve Sustainable Development: Measuring the Mediation of Organizational Performance through PLS-Smart." Sustainability 12, no. 4: 1365.