| China’s rail transit industry is in the stage of vigorous development.At present,a total of 35 cities in the country have built their rail transit systems,with a total operating mileage of more than 5000 kilometers.However,the huge costs of the construction and operation of metro lines cannot be covered by ticket revenue,leaving most metro companies in China to survive on financial subsidies.In China,most of the public transportation operators,including regular buses,rail transits and airlines are state-owned enterprises,and state-owned capital occupies a certain proportion of enterprise assets.Under the background of the performance reform of state-owned enterprises in full swing,it is necessary to bring in a scientific and comprehensive performance evaluation methods for enterprises to help enterprises to go to a higher level in the level of management,and also to help the state-owned capital to preserve and increase its value.EVA and Balanced Scorecard are the two mainstream performance evaluation indicators,and their common role is conducive to maximizing the value of the enterprise.However,EVA and the Balanced Scorecard have their own limitations.Therefore,this paper studies the performance evaluation system that combines EVA with the Balanced Scorecard,which can be explained like this: the balanced scorecard is the carrier and EVA is the core index of the financial dimension of the balanced scorecard.In this concept,EVA is the ultimate guide to all business activities,and the balanced scorecard can break down the corporate strategy into some understandable and workable indicators.Through the performance evaluation system combined with EVA and balanced scorecard,the enterprise strategy and operation process are closely linked to help enterprises point the way forward in the market competition.After constructing the performance evaluation framework combining EVA and balanced scorecard,this paper applies this concept to the case enterprise MSZ metro company.First,this paper draws a strategic map to break down the company’s strategic objectives,and then uses the balance scorecard for the company to design a system of indicators in line with the actual enterprise,and give the indicator value.Finally,this paper calculates and evaluates the performance of the company,finds the existing problems and puts forward the solution strategy.Through the above research,the conclusion of this paper is that the performance evaluation method of integrating EVA into the balanced scorecard can not only quantify the enterprise strategy as an enforceable goal,but also promote the management to improve the business process of the enterprise and find the factors conducive to the growth of EVA.Finally,it will be conducive to the improvement of the management level of enterprises,so as to safeguard the interests of shareholders and promote the long-term development of enterprises. |
