The Application Of Balance Scorecard In Enterprise's Performance Management

Performance is a continuous structure system comprises behavior, outcome and attitude. According as the range of responsibility in the organization, individual performance includes these three aspects to different extent. According as the entities that the performance clings to, we can divide the performance into two hierarchies: the organization performance based on strategy and the individual performance based on task.Performance management in its role as an effective mechanism for mentoring and controlling strategy implementation and as the core and basis of human resource management, the system including five stages: performance plan; performance implement; performance appraisal; performance diagnose and performance result application. Performance management links performance with strategy and accelerates the development of enterprise and employee through managing individual performance.The Balance Scorecard (BSC) is an integrated system in performance appraisal and performance management. Robert S.Kaplan and David P.Norton established BSC in 1992. BSC is not only a target appraisal system, but also a strategic management system. BSC emphasizes the relationship between performance management and enterprise strategy, and brings forward a set of framework of measurements.Recognizing that performance management is essential to attaining a competitive advantage in today's environment, a strategy-oriented BSC performance management system is a mighty tool in performance management and strategy implement, it can promote the realization of enterprise's vision and strategies.With the above-mentioned statements and case study in text, the paper discusses the merits and demerits of BSC, the application and perspective of BSC are also discussed.