The Application And Study Of The Balanced Scorecard Being Put Into State-owned Enterprises

The State-owned enterprises play a critical role in our national economy.The operation of these enterprises will have a great impact on weather we can retain a long-term political stability,economical development and continuous reform. However,up till now,there are still problems such as lack of stimulus and competitiveness,non-profitable operation,short-term profiteering and problems blocking the sustainable development found in our state-owned enterprises.Of them,how to evaluate the enterprise is at the core of all these problems.For our own ideology and the way of evaluation system are out of date.Therefore,it is of vital importance for us to introduce advanced performance measurement system to be applied in our state-owned enterprises so that we can improve and perfect our own system continuously.The Balanced Scorecard has been one of the most important management methods popular in foreign countries in the past decade.This is a comprehensive and scientific valuation method which can assess an enterprise through four aspects including financial,customer,the internal business process,the learning and growth. The Balanced Scorecard is better than the traditional method which focuses narrowly on financial indicators and neglets the non-financial indicators.In light of this,our attention will be focused on the study of how to put the advanced theory into practice.By adopting the Balanced Scorecard Valuation Modular,through case study,we may decide that weather the Balanced Scorecard is suitable for our state-owned enterprises.The results of the study demonstrates that the main idea of the Balanced Scorecard has positive and instructive impact on our state-owned enterprises in understanding that products should be market-oriented,service be customer-centered so as to strengthen competitiveness and improve the operation valuation system of state-owned enterprises.However there is steel room for the Method to be improved based on the characteristics of our state-owned enterprises.Besides there is a big difference between the Method and the practice in deciding the importance of weighted parameter of the indicators obtained from the Balanced Scorecard valuation of financial,customer,the internal business process,the learning and growth.The above-mentioned conclusions willhelp us to further study and apply the Balanced Scorecard Method with the aim to strengthen the competitiveness and keep sustainable development of our state-owned enterprises.