| As driven by corporate strategy, comprehensive budget management is a key method of internal control system, and an important measure for corporate management. STC company is a subsidiary of STC group Global with matured comprehensive budget management, while is part of STC group Global strategy. Chinese electricity market faced rapid development recent years, with the characters of excess production capacity of transformer industry and limited high-speed construction, while the trend of wind power gets swift and violent progress, extreme high voltage products are highly recommended by government and intercity railway merges recently. At the same time, the market inclines to the product with low losses and low total cost of ownership. In such environment, the running comprehensive budget management shows its shortcomings. According to the characters of the Chinese transformer industry development, aiming at level up the effectiveness of budget, the thesis makes optimization on STC company comprehensive budget management. The optimization turns comprehensive budget management a more effective measure of realizing corporate strategy, which help to enhance corporate competiveness. The optimization also offers reference for other enterprises’ comprehensive budget management.First with research method of theory analysis, the thesis states the research situation and theory basis of comprehensive budget management and internal control system, which lay the theory basis on the following analysis of STC company comprehensive budget management. By the method of investigating department managers in STC Company, the thesis collects the feedback for analysis. The analysis goes with Analytic hierarchy process (AHP) and fuzzy comprehensive evaluation method (FCE) to get the weight of each evaluation factor of STC company comprehensive budget management. Based on the evaluation score feedback from department managers, the comparable score for each evaluation factor comes out. Through the comparison, the thesis gets the results of STC company comprehensive budget management shortcoming:the lack of strong date base for budget making, limited coverage for business, and short of incentive as the target of budget, as the evaluation is department instead of employee.Started from corporate strategy, the thesis use balanced scorecard (BSC) to extend the content of STC company comprehensive budget management. BSC combines closely the budget with corporate strategy. With BSC, the corporate strategy breaks down into kinds of concrete achievement evaluation indexes systematically. Based on profit and cash flow, STC company comprehensive budget management places emphasis on financial index concerning profit. The optimization put more motivation indicators, which was set according to BSC.Meanwhile the optimization of budget evaluation is listed in the thesis. Now the budget evaluation direclt relates to the performance coefficients, with limites correlation to employee. The department budget should be broke down into personal target, which solidify the basis of personal performance. In such way, the personal bonus decision could be based on personal budget execution result and personal performance. Optimized budget execution and personal evaluation scheme stimulates the working enthusiasm of employees, strengthens the sense of identity. At the same time, the budget date base by different departments which check and balance by each other offer the convincible support for budget making.Aiming at the current enterprise management system and market environment, the thesis analyzes the STC company comprehensive budget management in quantitative way, with the tool of BSC. Based on the evaluation, an optimization takes place for forging a more effective comprehensive budget management, the management involving all employees. Not only to help realizing corporate strategy and enhancing corporate competiveness, the thesis also offers a reference for related research and enterprise practices. |
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