| Peer-Reviewed

The New Balanced Scorecard Evaluation System--With Midea Group Case

Received: 2 August 2016     Published: 3 August 2016
Views:       Downloads:
Abstract

In the 21st century global economy and multicultural knowledge economy, business era, the traditional financial performance evaluation is not appropriate for today's enterprise management, and modern enterprise management has entered the era of strategic management. In 1996 years later, the big consulting companies to introduce the balanced scorecard performance evaluation system, through years of practice, most enterprises in our country on the use of the balanced scorecard performance evaluation system, are still in the field of performance evaluation, but the ultimate goal is to build a new performance management system "to achieve strategic direction", in order to ensure successful execution company strategy. Thus, the balanced scorecard is to enhance their strategic execution of the most effective strategic management tool. Based on the review and strategic dimensions of the Balanced Scorecard four-dimensional theory, and emphasized the importance and significance of the strategic dimensions of the Balanced Scorecard. Five dimensions and nineteenth determining factors using AHP weights to the Media group as an example of reasonable and effective verification of the five-dimensional Balanced Scorecard evaluation system constructed which tend to be effective practical tools for enterprises to achieve strategic management.

Published in International Journal of Business and Economics Research (Volume 5, Issue 4)
DOI 10.11648/j.ijber.20160504.15
Page(s) 107-112
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Balanced Score Card, Five-Dimensional, Strategy

References
[1] Yang Juan Balanced Scorecard and Its Development Trend [D] Shijiazhuang: Shijiazhuang University of Economics, 2007.
[2] Kaplan, David Norton. The Balanced scorecard-Translating Strategy into Action [J]. Harvard Business Review. 996: 9-10.
[3] Jeffery. The search for the best financial performance measure [J]. Financial Analysis. 1997 (53): 6-7.
[4] Baolijia consultant strategy implementation - Balanced Scorecard Design and Practice [M] China Social Sciences Press, 2003: 11-14.
[5] Niu Yamin, Based on the Balanced Scorecard performance management system construction [J]. Modern Business Trade Industry, 2009, (12): 23-25.
[6] Liu Feiran, Gao shuang, Balanced Scorecard Review and Prospects [M] Market Modernization, 2015 (24): 214-215.
[7] Sun Xiaojie Business stakeholders and legal regulation [J]. 006: 48-49.
[8] Wang Qunying, Internal Audit and Risk Management [J] Chinese Chief Accountant, 2011, (23): 87-88.
[9] Zhang Jiannan. Balanced Scorecard Research [D] in our Dalian: Dalian Jiaotong University, 2010.
[10] Chen Weirong. BSC based performance evaluation system of corporate strategic analysis and application of [D] Shanghai: Central China Normal University, 2013.
[11] Zhang Bin. Establish design ideas and indicators of enterprise performance evaluation system [J] Commercial Research, 2003, (23): 41-45.
[12] Zeng wenting, Deng Yunxian, Yang baoling. The use of the balanced scorecard in Lenovo group from performance management to strategic management [M] Market week-ly, 2016, (1): 23-26.
[13] Wu yicheng. JC group based on the balanced scorecard strategic management system to build [M]. The second half of the financial economy. 2016, (2) 160-161.
Cite This Article
  • APA Style

    Huijuan Lin, Wanxin Li, Yanglin Li. (2016). The New Balanced Scorecard Evaluation System--With Midea Group Case. International Journal of Business and Economics Research, 5(4), 107-112. https://doi.org/10.11648/j.ijber.20160504.15

    Copy | Download

    ACS Style

    Huijuan Lin; Wanxin Li; Yanglin Li. The New Balanced Scorecard Evaluation System--With Midea Group Case. Int. J. Bus. Econ. Res. 2016, 5(4), 107-112. doi: 10.11648/j.ijber.20160504.15

    Copy | Download

    AMA Style

    Huijuan Lin, Wanxin Li, Yanglin Li. The New Balanced Scorecard Evaluation System--With Midea Group Case. Int J Bus Econ Res. 2016;5(4):107-112. doi: 10.11648/j.ijber.20160504.15

    Copy | Download

  • @article{10.11648/j.ijber.20160504.15,
      author = {Huijuan Lin and Wanxin Li and Yanglin Li},
      title = {The New Balanced Scorecard Evaluation System--With Midea Group Case},
      journal = {International Journal of Business and Economics Research},
      volume = {5},
      number = {4},
      pages = {107-112},
      doi = {10.11648/j.ijber.20160504.15},
      url = {https://doi.org/10.11648/j.ijber.20160504.15},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20160504.15},
      abstract = {In the 21st century global economy and multicultural knowledge economy, business era, the traditional financial performance evaluation is not appropriate for today's enterprise management, and modern enterprise management has entered the era of strategic management. In 1996 years later, the big consulting companies to introduce the balanced scorecard performance evaluation system, through years of practice, most enterprises in our country on the use of the balanced scorecard performance evaluation system, are still in the field of performance evaluation, but the ultimate goal is to build a new performance management system "to achieve strategic direction", in order to ensure successful execution company strategy. Thus, the balanced scorecard is to enhance their strategic execution of the most effective strategic management tool. Based on the review and strategic dimensions of the Balanced Scorecard four-dimensional theory, and emphasized the importance and significance of the strategic dimensions of the Balanced Scorecard. Five dimensions and nineteenth determining factors using AHP weights to the Media group as an example of reasonable and effective verification of the five-dimensional Balanced Scorecard evaluation system constructed which tend to be effective practical tools for enterprises to achieve strategic management.},
     year = {2016}
    }
    

    Copy | Download

  • TY  - JOUR
    T1  - The New Balanced Scorecard Evaluation System--With Midea Group Case
    AU  - Huijuan Lin
    AU  - Wanxin Li
    AU  - Yanglin Li
    Y1  - 2016/08/03
    PY  - 2016
    N1  - https://doi.org/10.11648/j.ijber.20160504.15
    DO  - 10.11648/j.ijber.20160504.15
    T2  - International Journal of Business and Economics Research
    JF  - International Journal of Business and Economics Research
    JO  - International Journal of Business and Economics Research
    SP  - 107
    EP  - 112
    PB  - Science Publishing Group
    SN  - 2328-756X
    UR  - https://doi.org/10.11648/j.ijber.20160504.15
    AB  - In the 21st century global economy and multicultural knowledge economy, business era, the traditional financial performance evaluation is not appropriate for today's enterprise management, and modern enterprise management has entered the era of strategic management. In 1996 years later, the big consulting companies to introduce the balanced scorecard performance evaluation system, through years of practice, most enterprises in our country on the use of the balanced scorecard performance evaluation system, are still in the field of performance evaluation, but the ultimate goal is to build a new performance management system "to achieve strategic direction", in order to ensure successful execution company strategy. Thus, the balanced scorecard is to enhance their strategic execution of the most effective strategic management tool. Based on the review and strategic dimensions of the Balanced Scorecard four-dimensional theory, and emphasized the importance and significance of the strategic dimensions of the Balanced Scorecard. Five dimensions and nineteenth determining factors using AHP weights to the Media group as an example of reasonable and effective verification of the five-dimensional Balanced Scorecard evaluation system constructed which tend to be effective practical tools for enterprises to achieve strategic management.
    VL  - 5
    IS  - 4
    ER  - 

    Copy | Download

Author Information
  • Beijing Institute of Technology Zhuhai Campus, Zhuhai, China

  • Beijing Institute of Technology Zhuhai Campus, Zhuhai, China

  • Beijing Institute of Technology Zhuhai Campus, Zhuhai, China

  • Sections