Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach

Productivity affects many organisations to survive in the rapidly progressing business environment. In this paper, productivity is viewed from the other side of coin which is through values as intangible enabler in fuelling it. Values play significant role for this reason. Therefore, this paper expo...

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Main Authors:	M. R., Abdul Hamid, Zainol, Mustafa, Fazli, Idris, M., Abdullah, N. R. M., Suradi
Format:	Article
Language:	English
Published:	Centre for Promoting Ideas, USA 2011
Subjects:	Q Science (General)
Online Access:	http://umpir.ump.edu.my/id/eprint/7701/ http://umpir.ump.edu.my/id/eprint/7701/ http://umpir.ump.edu.my/id/eprint/7701/1/10.pdf

id	ump-7701
recordtype	eprints
spelling	ump-77012016-12-13T07:17:21Z http://umpir.ump.edu.my/id/eprint/7701/ Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach M. R., Abdul Hamid Zainol, Mustafa Fazli, Idris M., Abdullah N. R. M., Suradi Q Science (General) Productivity affects many organisations to survive in the rapidly progressing business environment. In this paper, productivity is viewed from the other side of coin which is through values as intangible enabler in fuelling it. Values play significant role for this reason. Therefore, this paper expounds the value-based productivity that is related to the performance of the organisation based on the literature review and expert’s view. This study aimed at testing the psychometric properties of the questionnaire of value-based productivity items of performance measurement based on the Value-based Total Performance Excellence Model. 600 questionnaires were distributed to the selected Institution of Higher Learning (IHL) i.e the public university of Malaysia. The data collected was analysed using predictive analytics software (PASW) and AMOS, both version 18. Structural Equation Modeling technique i.e. the confirmatory factor analysis (CFA) approach was employed to test the 6-factor hypothesized model of the value-vased productivity which consisted values of efficiency, collectiveness, non-exploitative, economy of scale, frugality, timeliness. The result of the CFA suggested that the 6-factor hypothesised model to be revised and yielded a 4-factor measurement model of productivity values. The revised CFA measurement model indicated fit statistics that are adequate with normed chi-square = 2.190, CFI = 0.990, TLI = 0.974. GFI = 0.969 and RMSEA = 0.080. In conclusion, the revised model fitted the data well and there is no proof that the 4-factor measurement model is incorrect. Implications of the study was significant to the university for empowering value-based productivity approach. This is vital in ensuring that university is gearing up for achieving total organisational excellence as emphasized in 1Malaysia concept – ‘performance first’ i.e. to prioritize the organisational achievement. Centre for Promoting Ideas, USA 2011 Article PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/7701/1/10.pdf M. R., Abdul Hamid and Zainol, Mustafa and Fazli, Idris and M., Abdullah and N. R. M., Suradi (2011) Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach. International Journal of Business and Social Science, 2 (6). pp. 85-93. ISSN 2219-1933 (Print); 2219-6021 (Online) http://www.ijbssnet.com/journals/Vol._2_No._6%3B_April_2011/10.pdf
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	Q Science (General)
spellingShingle	Q Science (General) M. R., Abdul Hamid Zainol, Mustafa Fazli, Idris M., Abdullah N. R. M., Suradi Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach
description	Productivity affects many organisations to survive in the rapidly progressing business environment. In this paper, productivity is viewed from the other side of coin which is through values as intangible enabler in fuelling it. Values play significant role for this reason. Therefore, this paper expounds the value-based productivity that is related to the performance of the organisation based on the literature review and expert’s view. This study aimed at testing the psychometric properties of the questionnaire of value-based productivity items of performance measurement based on the Value-based Total Performance Excellence Model. 600 questionnaires were distributed to the selected Institution of Higher Learning (IHL) i.e the public university of Malaysia. The data collected was analysed using predictive analytics software (PASW) and AMOS, both version 18. Structural Equation Modeling technique i.e. the confirmatory factor analysis (CFA) approach was employed to test the 6-factor hypothesized model of the value-vased productivity which consisted values of efficiency, collectiveness, non-exploitative, economy of scale, frugality, timeliness. The result of the CFA suggested that the 6-factor hypothesised model to be revised and yielded a 4-factor measurement model of productivity values. The revised CFA measurement model indicated fit statistics that are adequate with normed chi-square = 2.190, CFI = 0.990, TLI = 0.974. GFI = 0.969 and RMSEA = 0.080. In conclusion, the revised model fitted the data well and there is no proof that the 4-factor measurement model is incorrect. Implications of the study was significant to the university for empowering value-based productivity approach. This is vital in ensuring that university is gearing up for achieving total organisational excellence as emphasized in 1Malaysia concept – ‘performance first’ i.e. to prioritize the organisational achievement.
format	Article
author	M. R., Abdul Hamid Zainol, Mustafa Fazli, Idris M., Abdullah N. R. M., Suradi
author_facet	M. R., Abdul Hamid Zainol, Mustafa Fazli, Idris M., Abdullah N. R. M., Suradi
author_sort	M. R., Abdul Hamid
title	Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach
title_short	Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach
title_full	Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach
title_fullStr	Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach
title_full_unstemmed	Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach
title_sort	measuring value - based productivity: a confirmatory factor analytic (cfa) approach
publisher	Centre for Promoting Ideas, USA
publishDate	2011
url	http://umpir.ump.edu.my/id/eprint/7701/ http://umpir.ump.edu.my/id/eprint/7701/ http://umpir.ump.edu.my/id/eprint/7701/1/10.pdf
first_indexed	2023-09-18T22:04:35Z
last_indexed	2023-09-18T22:04:35Z
_version_	1777414622544920576

Measuring Value - Based Productivity: A Confirmatory Factor Analytic (CFA) Approach

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