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FARM, AN ALTERNATIVE PERFORMANCE MEASUREMENT OF STRATEGIC FORMULATION FRAMEWORK FOR STUDENT ORGANIZATIONS
Authors: Ip, Yun-Kit Perry & Chan, Suk-Ha Grace
Number of views: 417
In a student organization, the designation and the service continuity of ExCo members are mainly
determined by subjective voting. On campus, many of these organizations are lack of an objective
measurement linking performance to re-appointment while Balanced Scorecard provides the
performance measurement in need. We applied inductive reasoning with a qualitative approach, focus
groups, to explore alternative perspectives specified for these student organizations. Beyond a
reasonable doubt, no participants in the focus groups had an attempt or a reason to whittle the proposed
perspectives down, we then accept FARM (Financial, Activities, Reputation and Memberships) as the
new performance criteria for the students to vote or not to vote. Most likely, FARM could be generalized
to other nonprofit making organizations.