Russian Engineering Academy

A mannequin for applying Balanced Scorecard to Chinese SMEs Jin Liu Jiehui Yang watchfulness School of Wuyi University, Jiangmen, Guangdong 529020, China Abstract Kaplan and Nortons concept of the turn scorecard (BSC) has received wide acceptance by some(prenominal) academics and practitioners. only when 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 wind 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 administrator director ability and lack of capital. The framework included five-spot perspectives. as well as fit scorecards four typical headstone perspectives, the paper proposed a nonher substantial perspective: relationship finance and organization support. Finally, the strategy symbolise was used to refine the framework. Thus, the framework not only( prenominal) included the benefit of typical BSC, provided also can help SMEs to solve the trouble of capital. What is more, the framework can be used to remind the managers to tolerate caution to research and development (R&D), cash flow, the fast and expeditious 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 provided also a performance care system that combines the performance m! easures and the organizational strategy. It transforms the organizational visions and strategies into the measures from four perspectives: finance, customers, cozy 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 unaccompanied on financials. Using the BSC approach, managers are encouraged to take a...If you expect to posit a full essay, order it on our website: OrderCustomPaper.com

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