Application of Balanced Scorecard in the Enterprise Performance Evaluation
Huiping Huang, Huimin Huang
Available Online May 2016.
- https://doi.org/10.2991/icpel-16.2016.23How to use a DOI?
- Non-financial Indicators, Balanced Scorecard, Enterprise Performance Evaluation, Jinan Iron and Steel Co.
- The present study is designed to describe the application of Balanced Scorecard in Jinan Iron and Steel Company. Performance evaluation system is constituted by the financial quantitative performance evaluation and management performance qualitative evaluation. Balanced Scorecard is Integration of Non-financial indicators and financial indicators. Balanced Scorecard implements process: strategy being taken into action; Communication and exchanging and incentives linked. Balanced Scorecard implements process in Jinan Iron and Steel Co. includes the level of corporate finance; the level of corporate customers; the level of internal business processes and levels of corporate learning and innovation. The level of corporate customers can be divided into the consolidation of market share; the rate of high-quality project; customer satisfaction; supplier Satisfaction. The other three can be also refined into a plurality of non-financial indicators. We show that the use of the Balanced Scorecard improves the profitability and operational capability of Jinan Iron and Steel.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Huiping Huang AU - Huimin Huang PY - 2016/05 DA - 2016/05 TI - Application of Balanced Scorecard in the Enterprise Performance Evaluation BT - 2016 International Conference on Politics, Economics and Law (ICPEL 2016) PB - Atlantis Press SP - 97 EP - 100 SN - 2352-5398 UR - https://doi.org/10.2991/icpel-16.2016.23 DO - https://doi.org/10.2991/icpel-16.2016.23 ID - Huang2016/05 ER -