Study On Value Management Model Of HUANENG Power International Inc. Based On EVA-BSC

In recent years,the goal of realizing value creation and ultimate enterprise value maximization by exploring EVA value driving path has become a hot topic in current research.The research on EVA value management in foreign countries is earlier than that in China,and it is becoming mature day by day.At present,the domestic central enterprises to introduce EVA used as assessment index of the case,the only attaches great importance to the performance evaluation results and establishment of indicators,not combined with other management tools,only care about short-term profits without guide management from strategic level,caused the EVA did not play to the role of value creation.Moreover,The power industry,as the basic industry of the national economy,shoulders heavy responsibilities.However,according to the annual development report of China's power industry 2018,the total profit of the power business decreased by 64.4% in 2017 compared with the same period last year.Even after 2008,the overall loss of the thermal power business appeared again,with the amount of loss reaching 13.2 billion yuan.Therefore,based on this,In this paper,Huaneng international power co.,LTD.,a leading power company in the power industry,is selected as a case study to study its management mode and strive to combine EVA value management with business objectives to strengthen process management and result-oriented to improve the value management mode.At the same time,in the process of improvement,BSC is combined to improve the value management mode of Huaneng international through decomposing objectives into various levels and driving factors,so as to promote the continuous improvement of the company's value creation ability.This article first from the value management theory,value management mode,value drivers and tools of value management four aspects were sorted out,and then introduced the value management mode connotation and value management mode theory.Secondly,it analyzes the necessity and feasibility of improving Huaneng international value management mode according to the current status and problems of Huaneng international value management mode.And according to the improvement path and purpose,it improves Huaneng international value management mode from two aspects.Among them,the financial level mainly takes EVA as the core to carry out value-driven decomposition and find out the driving factors;the non-financial level,by combining BSC,mainly analyzes and excavates representative driving factors from customer,internal business process and learning and growth ability,and quantifies the driving factors based on the two levels with reasonable weight.Finally,according to the improvement mode of Huaneng international value management,the paper puts forward the application strategy for the steps of Huaneng international in the specific implementation process,providing conditions for the effective implementation of the improvement mode of value management.