Russian Engineering Academy

A mannequin for applying Balanced Scorecard to Chinese SMEs Jin Liu Jiehui Yang carefulness School of Wuyi University, Jiangmen, Guangdong 529020, China Abstract Kaplan and Nortons concept of the equilibrise placard (BSC) has received wide acceptance by some(prenominal) academics and practitioners. provided there was little research on its adaptability to the humbled and medium-sized enterprises (SMEs) in china. According to our investigation on SMEs in osseous wind River Delta from July to September of 2005, a BSC cloth was created based on the unembellished characteristics of Chinese SMEs, such as no strategy, poor executive director ability and lack of capital. The framework included five dollar bill perspectives. as well as equilibrate scorecards four typical headstone perspectives, the paper proposed a nonher primal perspective: relationship finance and presidential term support. Finally, the strategy mapping was used to refine the framework. Thus, the fr amework not only(prenominal) included the returns of typical BSC, provided also can help SMEs to solve the difficulty of capital. What is more, the framework can be used to remind the managers to invent caution to research and development (R&D), cash flow, the fast and economic good and the mentors for guiding employees. Key words balanced scorecard; gloomy and medium-sized enterprises; strategy map; relationship financing; government support.

1 Introduction The Balanced Scorecard was formally presented by Kaplan and Norton in 1992, which is not only a death penalty evaluation method provided also a p erformance watchfulness system that combine! s the performance measures and the organizational strategy. It transforms the organizational visions and strategies into the measures from four perspectives: finance, customers, inner process, learning and growth. Kaplan and Norton apprised that long-term organizational excellence can be achieved only by taking a broad, holistic and balanced begin but not by focusing simply on financials. Using the BSC approach, managers are encouraged to take a...If you essential to posit a full essay, order it on our website: OrderCustomPaper.com

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