THE DEVELOPMENT OF EFFECTIVENESS ON MANAGING RELIGIOUS HEIRS WITH BALANCED SCORECARD

Abstract

Studying the development of effectiveness in managing religious heirs is crucial for improving management systems to be more effective. This article presents concepts, theories, and related research to propose ways to enhance the effectiveness of managing religious heirs. Currently, Buddhist monks and novices are declining, primarily due to changing economic and social conditions. With smaller families’ size and fewer sons in families choosing to become monks, there is increased social competition and responsibilities to consider. Continuous and effective management development is essential for organisations to adapt to these changes, utilising appropriate tools and techniques to measure and evaluate performance. Developing management effectiveness involves internal organisational processes and considers the societal and environmental impacts. The Balanced Scorecard is an essential tool in organisational management that impacts planning, operations, and performance measurement from a balanced perspective. The central concept is to present methods for measuring and evaluating organisational performance that do not solely focus on financial aspects but also include strategic, customer, internal process, and organisational development perspectives. This encompasses goal setting, tracking, and measurement. Implementing management tools such as the Balanced Scorecard reinforces the clarity and effectiveness of developing organisational management for religious heirs. However, there must be a thorough understanding of the tool's expertise.