Application Research Of Performance Prismatic Model In X Company

As an important component of China’s economic development,local state-owned enterprises determine local development trends.With the development of the economy,implementing the new development concept of "innovation,coordination,green,openness and sharing" has become the primary goal of business management and economic development.Increasingly severe information management of enterprises,the application of information to business decisions has become the focus of managers’ attention.At the same time,the new economic concept requires enterprises to carry out comprehensive and comprehensive development,thereby promoting sustainable development of enterprises.However,most enterprises in China currently lack comprehensive development considerations and a relatively complete performance evaluation standard system.As a result,China’s performance management has been in a state of single evaluation mode,inconsistent indicators and incomplete system.By combing the new development concept and theoretical logic analysis,this paper proves the rationality of extending the performance prism model based on the triple performance theory.Based on state-owned enterprises,first,analyze the existing performance evaluation of Company X,find out the shortcomings of the existing enterprise performance evaluation,and analyze the necessity and feasibility of introducing a performance management model.According to the actual situation of company X,all stakeholders related to the company are identified.Secondly,according to the characteristics of the industry,collect economic,social and ecological performance evaluation standards of local state-owned enterprises,understand the existing data,analyze it,and focus on the performance goals of stakeholders,and combine economic,social,and ecological benefits from various aspects.Relevant parties find and design corresponding evaluation indicators from the five dimensions of the prism performance model,establish a performance evaluation system through the performance prism model,and then design a questionnaire based on the analytic hierarchy process.Determine the weights of indicators at each level through expert scoring and bring Company X’s related financial and non-financial data finally formed a multi-level and multi-dimensional comprehensive performance evaluation system.Finally,the data in the performance evaluation system is evaluated by a combination of different levels and dimensions after dimensionless quantification using the efficacy coefficient method.The final data of the evaluation is comprehensively analyzed,and the current performance management of company X is specifically evaluated and explained at different levels and dimensions,and corresponding suggestions are made from the system level,technical level,and organizational level of company X.The possible innovations in this paper include the innovation of the theoretical model of performance evaluation and the innovation of performance evaluation model.The research conclusions for company X include: First,the prismatic performance evaluation index system based on triple performance is scientific and reasonable,local state-owned enterprises adapt to economic development and transformation,and comprehensive performance evaluation has certain necessity and feasibility.Second,the expanded theory of performance evaluation theory has more comprehensive guiding significance,can form a virtuous circle of performance evaluation,and better enable the sustainable development of enterprises.Third,when applying the performance prism model to establish a performance evaluation system,it is necessary to improve and adjust the organizational structure to adapt to the globalization of enterprise performance,comprehensive management,integration of existing resources of the enterprise,and greater effectiveness.Fourth,when the performance prism model is applied,the index standards of various dimensions are not perfect,the industry needs to establish its own index standards,and the country needs to improve more qualitative index system standards in order to measure the comprehensive performance evaluation of enterprises.At the same time,due to the inconsistency of non-financial information disclosure and data limitations in China’s state-owned enterprises,the evaluation system has some limitations in the selection of indicators.The article explains these limitations in the conclusion section and proposes the future development of performance evaluation.