BSC-Based Evaluation for the Factors
Affecting the Performance of Wind Energy
Companies
Hasan Dinçer, Serhat Yüksel, Gözde Gülseven Ubay, and Hüsne Karakuş
Abstract This study aims to identify the significant factors which improve the
performance of wind energy companies. For this purpose, a detailed literature review
is conducted, and eight different performance evaluation criteria are identified based
on four dimensions of balanced scorecard (BSC) approach. In the evaluation process
of these factors, fuzzy DEMATEL approach is taken into consideration. The results
indicate that internal process and learning and growth are the most important
dimensions of BSC regarding the wind energy investment projects. Moreover, it is
also concluded that the most important criteria are technological background and
research and development. Hence, it is recommended that wind energy companies
should mainly pay attention to technological development in order to be successful
in such a complex investment which requires high engineering knowledge. In this
context, the equipment and information technology software should be effective in
these countries. Owing to this issue, the risk of having deficiencies can be mini-
mized. Additionally, high technology can be obtained with a lower cost by making
extensive research and development activities.
1 Introduction
Energy is a very important element for all countries in the world. Countries and
international organizations compete with each other to dominate energy from past to
present (Khare et al. 2016). With its increasing importance especially with the
industrial revolution, energy has become an irreplaceable phenomenon in the daily
life of both people and companies. With the technology advancing all over the
world, people’s needs for electrical energy are progressing in direct proportion.
Today, producing sufficient amount of cheap and clean energy in parallel with
H. Dinçer (*) · S. Yüksel · G. G. Ubay · H. Karakuş
The School of Business, İstanbul Medipol University, Istanbul, Turkey
e-mail: hdincer@medipol.edu.tr; serhatyuksel@medipol.edu.tr; gozde.ubay@std.medipol.edu.
tr; husnekarakus@st.medipol.edu.tr
© Springer Nature Switzerland AG 2020
H. Dincer, S. Yüksel (eds.), Strategic Priorities in Competitive Environments,
Contributions to Management Science, https://doi.org/10.1007/978-3-030-45023-6_1
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