Open AccessThe Importance of the Integrative Relationship Between Cause and Effect Analysis and The Sustainable Balanced Scorecard in Solving Problems of Economic Units
Author(s) -
Dr Abbas Nawar Khait Al-Musawi,
Dr Abbas Nawar Khait Al-Musawi
Publication year - 2021
Publication title -
international journal of research in social sciences and humanities(online)/international journal of research in social sciences and humanities
Language(s) - English
Resource type - Journals
eISSN - 2454-4671
pISSN - 2249-4642
DOI - 10.37648/ijrssh.v11i04.021
Subject(s) - balanced scorecard , activity based costing , identification (biology) , order (exchange) , complementarity (molecular biology) , sustainable development , business , environmental economics , computer science , risk analysis (engineering) , actuarial science , economics , finance , marketing , political science , botany , genetics , law , biology
The aim of the research is to highlight the complementarity between cause-and-effect analysis andthe Sustainable Balanced Tag Card. The problem with the research is that economic units are poorlyaware of the theoretical and philosophical foundations of cause-and-effect analysis and theirimportance in costing and solving administrative problems and inadequate attention to financial andnon-financial measures.In order to achieve the objective of research and test its hypotheses, the Wasit Textile and WeavingPlant of the State Company for the Textile and Leather Industries, located in the centre of the Wasitprefecture, has been selected as a centre for research.Its performance has been evaluated and a model has been presented to solve the problems it facesthrough a cause-and-effect analysis scheme with a sustainable balanced tag card (SBSC) that detailsall environmental and social aspects, both quantitative and financial.A set of conclusions has been reached, the most important of which is that the cause-and-effectrelationship is not just a correlation, but a reasonable relationship between the level of the activityand its costs, because it gives analysts and managers confidence in the relationships repeatedlyestimated in other sets of data, The identification of cost guides gives managers a vision of severalmethods they use to reduce costs and the quantity of routers, and the sustainable balanced labelingcard uses both financial and non-financial performance measures to bridge the gap arising from theuse of financial measures only, as well as to measure and improve performance , The economic unitwishing to take advantage of the characteristics of the adopted economic unit strategies that arerelevant to each dimension of the sustainable balance tag and its drawbacks should be careful not toreduce the costs of products or services on an ongoing basis, and focus not only on reducing costs,but also on providing distinct products and services that meet