Influence of the balanced scorecard on the science and innovation performance of Latin American universities

ABSTRACT

Pressure on the education system to meet society’s needs has led some universities to adopt organisational performance measurement systems as strategic control tools. One of the most commonly used systems in business is the balanced scorecard (BSC). For Latin American universities, the urgent task of increasing the quantity and quality of research and innovation has led these universities to update their essential processes. A suitable control system is necessary to ensure the effectiveness of these new policies. Based on strategic management theory, this study focuses on the implementation of a BSC method in Latin American public universities. The aim of this study is to determine the influence of BSC implementation on universities’ research and innovation performance. The results reveal similar patterns of indicators to measure performance in public universities. Furthermore, these indicators develop favourably following implementation of the BSC.

KEYWORDS:

• Management indicators
• balanced scorecard
• higher education
• research
• innovation
• Latin America
• public universities