Jin Liu Jiehui Yang caution School of Wuyi University, Jiangmen, Guangdong 529020, China Abstract Kaplan and Nortons concept of the equilibrate scorecard (BSC) has received wide acceptance by some(prenominal) academics and practitioners. But there was little research on its adaptability to the humbled and medium-sized enterprises (SMEs) in china. According to our investigation on SMEs in osseous tissue River Delta from July to September of 2005, a BSC cloth was created based on the supererogatory characteristics of Chinese SMEs, such as no strategy, poor executive director ability and lack of capital. The framework included five perspectives. as well as balanced scorecards four typical headstone perspectives, the paper proposed a nonher important perspective: relationship finance and government support. Finally, the strategy map was used to refine the framework. Thus, the framework not only(prenominal) included the advantage of typical BSC, provided also can help SMEs to solve the problem of capital. What is more, the framework can be used to remind the managers to pay caution to research and development (R&D), cash flow, the fast and efficient good and the mentors for guiding employees. Key words balanced scorecard; gloomy and medium-sized enterprises; strategy map; relationship financing; government support.
1 Introduction
The Balanced Scorecard was formally presented by Kaplan and Norton in 1992, which is not only a death penalty evaluation method provided also a performance management system that combines the performance measures and the organizational strategy. It transforms the organizational visions and strategies into the measures from four perspectives: finance, customers, internal process, learning and growth. Kaplan and Norton apprised that long-term organizational excellence can be achieved only by taking a broad, holistic and balanced begin but not by focusing solely on financials. Using the BSC approach, managers are encouraged to take a...If you want to posit a full essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment