Russian Engineering Academy

A mannequin for applying Balanced Scorecard to Chinese SMEs Jin Liu Jiehui Yang direction School of Wuyi University, Jiangmen, Guangdong 529020, China Abstract Kaplan and Nortons concept of the equilibrise bill of fare (BSC) has received wide acceptance by some(prenominal) academics and practitioners. precisely 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 paper River Delta from July to September of 2005, a BSC cloth was created based on the otiose characteristics of Chinese SMEs, such as no strategy, poor executive director director ability and lack of capital. The framework included 5 perspectives. as well as equilibrise scorecards four typical headstone perspectives, the paper proposed a nonher most-valuable perspective: relationship finance and government activity support. Finally, the strategy present was used to refine the framework. Thu s, the framework not only(prenominal) included the gain of typical BSC, provided also can help SMEs to solve the bother of capital. What is more, the framework can be used to remind the managers to comprise caution to research and development (R&D), cash flow, the fast and high-octane 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 penalization evaluation method provi ded also a performance management system tha! t combines the performance measures and the organizational strategy. It transforms the organizational visions and strategies into the measures from four perspectives: finance, customers, internecine 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 wholly on financials. Using the BSC approach, managers are encouraged to take a...If you fate to posit a full essay, order it on our website: OrderCustomPaper.com

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