Defining strategic processes in investment companies: An exploration study in Iranian Investment Companies

Purpose – The purpose of this paper is to define the strategic processes or processes with strategic nature of investment companies (ICs). This goal is achieved by proposing a methodology for selecting strategic processes among the processes of ICs based on the Balanced Scorecard (BSC) framework and the statistical analysis.Design/methodology/approach – Ten leading Iranian Investment Companies (ICs) were selected whose processes represented those in the field. Through administration of a questionnaire, the processes under study were ranked based on their degree of contribution to the IC's strategy.Findings – This paper defines the common ICs' processes based on surveying the literature review. By using the Balanced Scorecard (BSC) framework, ICs are able to define the processes which are critical in achieving organizations' objectives. These processes are ranked based on company strategy using a statistical survey which finally leads to defining strategic processes. Determining strategic processes in busi...

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