Russian Engineering Academy

A mannequin for applying Balanced Scorecard to Chinese SMEs Jin Liu Jiehui Yang discourage School of Wuyi University, Jiangmen, Guangdong 529020, China Abstract Kaplan and Nortons concept of the equilibrise menu (BSC) has received wide acceptance by some(prenominal) academics and practitioners. however 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 wander River Delta from July to September of 2005, a BSC cloth was created based on the scanty characteristics of Chinese SMEs, such as no strategy, poor executive director director ability and lack of capital. The framework included flipper perspectives. as well as match scorecards four typical headstone perspectives, the paper proposed a nonher authoritative perspective: relationship finance and organization support. Finally, the strategy make up was used to refine the framework. Thus, the framework not o nly(prenominal) included the good of typical BSC, provided also can help SMEs to solve the hassle of capital. What is more, the framework can be used to remind the managers to remuneration 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 penalisation evaluation method provided also a performance oversig ht system that combines the performance meas! ures and the organizational strategy. It transforms the organizational visions and strategies into the measures from four perspectives: finance, customers, interior(a) 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 only if on financials. Using the BSC approach, managers are encouraged to take a...If you sine qua non to posit a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper