Application of grey theory approach to evaluation of organizational vision

Fariborz Rahimnia (Department of Management, Faculty of Economic and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad, Iran)
Mahdi Moghadasian (Department of Management, Faculty of Economic and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad, Iran)
Ebrahim Mashreghi (Department of Management, Faculty of Economic and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad, Iran)

Grey Systems: Theory and Application

ISSN: 2043-9377

Publication date: 28 January 2011

Abstract

Purpose

The purpose of the paper is to propose a quantitative approach for assessing the qualitative nature of organizational vision.

Design/methodology/approach

The paper uses grey systems method to rank and evaluate the vision of five top‐ranked universities.

Findings

It is shown in the literature that qualitative consideration of organizational vision can be quantified using a mathematical method. This method can be used as a decision‐making tool where the judgments of the decision maker are not exact.

Originality/value

This study expresses the qualitative nature of organizational vision into a quantified shape. It does it through a mathematical method called “grey systems theory”. Moreover, it seems that the application of grey systems theory to the business context has rarely been examined.

Keywords

Citation

Rahimnia, F., Moghadasian, M. and Mashreghi, E. (2011), "Application of grey theory approach to evaluation of organizational vision", Grey Systems: Theory and Application, Vol. 1 No. 1, pp. 33-46. https://doi.org/10.1108/20439371111106713

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Publisher

:

Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited

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