Toward a Conceptual Framework for Integrating Enterprises Performance and Risk Management
The aim of this paper is to demonstrate the integration between performance and risk management through the use of balanced scorecard performance measurement tool. Both performance and risk management in organization’s evaluation have several benefits for the organization’s activities and, if applied properly, it can help an organization to reach its anticipated objectives. This research consists of two parts. In the first part, we present a review of the recent theoretical literature related to 1) the concept of performance and risk management; 2) the BSC as both performance and strategic measurement tool; 3) the BSC as performance evaluation tool in higher education institutions; 4) the interaction between risk and performance management in the context of different applications. The second part proposes a framework aiming at continuously controlling the integration of performance and risk, and providing information flow and feedback for future resources utilization and planning.
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