Study On BSC Performance Measurement For Chinese Private High-Tech Enterprise

This paper studies on the performance measurement of high-tech enterprise in information age. It studies a kind of innovative tool on performance measurement –Balanced Scorecard (BSC). It proceeds with the current situation and characteristic of the high-tech enterprise. Pointing out that the high-tech enterprise pays more attention to innovating,R&D input,attracting and training talents, the appreciation and protection of the patented technology of the intellectual property than traditional enterprise. Pointing out the limitation of traditional financial performance measurement indicator system. This paper analyses characteristic of current performance measurement system in domestic enterprise,especially analyses the unreasonableness of traditional performance measurement to the high-tech enterprise, thus put forward the question studied of this paper – Using the Balanced Scorecard to appraise the performance of the high-tech enterprise.The Balanced Scorecard is a system that appraises business performance and competition state of enterprises synthetically,roundly,systematically by setting up a whole set of financial and nonfinancial indicator system. It is that the task and decision of enterprise and its internal departments are turned into a various and connective goal, then the goal is turned into a multiple performance measurement system made up of financial affairs, customer, internal operating process, learning and growing. The Balanced Scorecard combines the financial indicator and nonfinancial indicator organically, sets up a more scientific achievement evaluation index system, this indicator system is composed of financial perspective, customer perspective, internal operating process perspective, learning and growing perspective. It overcomes the weak point of traditional financial performance measurement, realizes the synthetically, overall measurement to the enterprise's performance. The whole paper includes five chapters:Chapter one makes study on the overview of the private high-tech enterprise in our country. At first, it reviews the development and contribution of the high-tech enterprise over the past 20 years, then analyses the remarkable characteristic of the high-tech enterprise compared with traditional ones, that is to pay attention to innovation and knowledge intelligence assets value, analyses the question that existing in the high-tech enterprise's development. Finally pointing out necessity of setting up the performance measurement system based on BSC for high-tech enterprise.Chapter two is a summary on enterprise performance measurement. It mainly studies the concepts of performance and performance measurement. It studies the performance measurement overseas experienced three periods altogether, that is cost achievement appraise period, financial achievement appraise period, achievement appraise innovative period. It explains the advantage and disadvantage of performance measurement method in each period separately. At last, it sketches in the development of the enterprise performance measurement in our country and summarizes the limitation of traditional performance measurement method.Chapter three is the subject part of the paper, mainly studies the principle of the Balanced Scorecard, including the production background, basic frame, key elements, cause and effect analysis, superiority and problems noticed. It introduces the production background and proposition of BSC. Under the modern economic environment, the traditional financial index can't already meet the needs of enterprise's development, the test and assessment system that combines financial indicator with nonfinancial ones becomes the developing trend. Balanced Scorecard produced just under such a background. It describes the basic frame of BSC secondly, including financial affairs, customer, internal operating process, learning and growing. Its composition key element includes linking perspective, goal, indicator, goal value, action scheme and task. BSC provides a frame that transf...