Balanced Scorecard and Performance Management

Author: Qin Yangyong / Tian Zhibao (Editor-in-Chief)
Publisher:
Publish Date: 2005-01-01
Features: The Balanced Scorecard (BSC) as a tool for implementing corporate strategic goals and executing performance management has begun to attract widespread attention from numerous Chinese enterprises. Although the BSC has numerous successful cases abroad and practices have proven its ability to help companies effectively implement strategies, Chinese enterprises, compared to foreign companies, have distinct characteristics in their internal and external management environments. How to establish an effective and truly suitable operational process, methods, and tools for Balanced Scorecard practices in Chinese enterprises is a practical issue of common concern for senior managers in Chinese enterprises and researchers on the Balanced Scorecard. This book starts with the shortcomings demonstrated by Chinese enterprises in strategic implementation, comprehensively elaborates on the importance of using the Balanced Scorecard and performance management systems in Chinese enterprises, and in the main part, details the operational steps for constructing the Balanced Scorecard. Additionally, the authors propose how to adjust the Balanced Scorecard based on the specific characteristics of Chinese enterprises. Finally, the book provides a complete demonstration of the entire consulting design scheme for the Balanced Scorecard and performance management system of a large Chinese enterprise.