Balanced Scorecard Chinese Strategic Practice

Author: Bi Yiwen
Publisher:
Publish Date: 2003-09-01
Features: For a long time, Chinese managers have been eagerly learning new management concepts from Western countries. However, many of these concepts are not applicable to China's national conditions. The Balanced Scorecard: China Strategy introduces the concept and tool of the Balanced Scorecard and fully localizes it to suit China's business environment. Based on their extensive practical experience in China, the two experts, Bi Yiwen and Sun Yongling, have created this insightful and visionary work that is deeply beneficial to China. The book explains how the Balanced Scorecard can be used as an effective strategic management tool. After briefly introducing the concept and development history of the Balanced Scorecard, the authors focus on describing their specific practices of this theory in China. Building upon the original Balanced Scorecard theory, they extend it to areas such as coordinating organizational systems, process improvement, and human resource systems (, , , ), constructing a systematic Balanced Scorecard framework. At the same time, they highlight the potential problems that may arise during the implementation of the Balanced Scorecard system and provide practical, proven solutions.