Research On The Optimization Of The Performance Management System Of A Textile Company Based On The Balanced Scorecar

In the era of information and knowledge,it is very difficult to achieve enterprise-driven development only by virtue of excellent financial management and planning and innovation in new business areas.The new development environment requires enterprises to participate in enterprise value creation with all elements and all subjects,which provides some new ideas for traditional textile enterprises facing strategic transformation to implement performance change.By introducing the balanced scorecard theory,this paper takes A Textile Company,a specialized company specializing in yarn products,as the research object.Through the analysis of the current situation of the performance management system of A Textile Company,the necessity and feasibility of establishing a performance management system based on the balanced scorecard in A Textile Company are studied.By consulting a large number of documents and materials,using the balanced scorecard to sort out the dimensions of the performance management system of A Textile Company,and analyzing the problems existing in the performance management system of A Textile Company through interviews and questionnaires,including low awareness of performance management,poor implementation of performance management,imperfect performance evaluation system,poor communication between employees and departments,and poor application of performance evaluation results.In addition,this paper points out that these problems are mainly related to the unreasonable organizational structure of performance appraisal,the lack of cultural atmosphere of performance appraisal,the insufficient attention paid to performance appraisal,the disconnection between performance appraisal and strategy,and the low correlation between salary and performance appraisal results.Aiming at the problems found,combined with performance management theory and balanced scorecard theory,the performance management system of A Textile Company was optimized and designed.First,by strengthening the performance awareness of the whole staff,optimizing the organizational structure of performance management,and carrying out strategic decomposition around the four dimensions of customer,finance,internal process,and learning and growth,to complete the drawing of the strategic map.Second,through performance guidance and dynamic adjustment of performance indicators,ensure that performance implementation is back on the "right track",and stimulate the enthusiasm and creativity of all employees.The third is to use the balanced scorecard to closely link the enterprise strategy with the organization,department and employee performance appraisal,and finally use the analytic hierarchy process to calculate the weight of the performance appraisal indicators to form a balanced scorecard performance appraisal system that closely combines the company level,department level and employee level.Fourth,establish a good communication mechanism for performance appraisal,strengthen the interview and feedback of performance appraisal results and the performance awareness of all staff,and optimize the organizational structure of performance appraisal.Fifth,strengthen the combination of performance appraisal system and salary system,strengthen the combination of performance appraisal system and position management system,and strengthen the combination of performance appraisal system and training system.Finally,this paper puts forward the guarantee measures for the implementation of the performance appraisal system from the aspects of system guarantee,personnel guarantee,publicity guarantee,cultural guarantee and information guarantee.By applying the balanced scorecard,an enterprise management tool,to traditional business areas,it provides innovative ideas for the optimization of performance appraisal system,and has certain reference value for performance appraisal of other textile enterprises and traditional industries.