The Application And Research Of The Balanced Scorecard In Performance Management Of DH

Along with the coming of knowledge economic era and the further development of globalization, the enterprise has to face rapid changed environment and tough competition. It is very important to the success of the enterprise to establish a system to evaluate the enterprise performance and the strategic execution timely and accurately.As an effective tool of management, the Balanced Scorecard(BSC) had been widely applied in the evaluation of the enterprise performance. More and more attention had been paid to the issue of how to use this tool effectively.This thesis systematically explains the definition, contents, workflows of performance management and also the difference between strategic and traditional performance management and detailed introduction has been given about the history, nature and functions of Balance Scorecard. Based on the present situation of Performance Management in Huayin Company, the author of the paper hereby proposes the idea of construction of strategic performance appraisal system and establishment of analytic hierarchy process (ABP) for strategic objectives.Critical success factors and key performance indexes(KPD have been developed based on the mode of balance scorecard and the KPIs have been further broken down to department KPIs and individual ones. Effectiveness of the strategic objectives has been guaranteed through monitoring and adjusting of the KPIs. In the mean time, in the development of KPIs, enough consideration has been given to the balance between financial indexes and non-financial ones The including of the key influencing indexes into the critical success factors and key performance indexes guarantees the implementation of performance management and outstanding of the corporate strategy.