BALANCED SCORE CARD AND STRATEGIC PERFORMANCE OF OYO STATE-OWNED TERTIARY INSTITUTIONS
Authors:
Adekola Omotayo Ajibike, Olayinka Segun Wale
Abstract:
The main thrust of this study was to examine the relationship between balanced score card and strategic performance of Oyo state-owned tertiary institutions. This study was based on the data obtained from both primary source and empirical works of previous researchers. Three hundred and forty three questionnaires were administered to both nonacademic and academic staff of the institution in Oyo State. The retrieved questionnaires were coded and analyzed using ordinary least square regression technique. The results showed that all the metrics of balance scorecard individually and combined have a significant positive effect on the strategic performance of tertiary institutions in Oyo state. This is revealed by the coefficients of +0.029,+0.234,+0.573, and +0.218. The adjusted R-square of the model shows that 49% variation in Strategic Performance (SP) is attributed to the balance score card model of FM, CM, IPM, and LGM while the remaining 51% is caused by other explanatory factors outside this model. Based on the above findings, the study concluded that balance scorecard has a significant positive effect on the strategic performance of institutions.