A Study On The Strategy Performance Measurement System Of Financial Enterprises

In the modern economic society of high information, high technology and globalization, business management has already come to the era of strategic management. As an effective supervisory and administrative system, performance measurement of enterprise's operation is not merely an important mean by which enterprises carry on the self-supervision and self-discipline, but also a new management tool enterprises use to implement strategic management in the new competitive environment. With the high-speed development of the information technology, the competitive environment, institutional framework, management mode and customers' demands, etc. are all altering greatly. The traditional performance measurement system couldn't satisfy the need of business management and competitive environment in the information era. Thus, performance measurement system as an important part of management and control system, should adapt to the need. On the basis of digesting and assimilating the achievements of performance measurement in foreign companies, this paper integrates relevant theories and methods of economics and management, and then carries on systematic research on enterprise's strategic performance measurement related to strategic management and core competitiveness, Through methods such as principal component analysis, the type of listed companies for financial performance evaluation of specific strategies.The innovations of this thesis lie in two aspects. First, from the point of view of the strategic management construct performance measurement system of enterprise in the entire process, and the establishment of an emphasis on non-financial indicators of performance measurement system, performance measurement system of enterprise is an important guide and practical significance; second is the financial performance of listed companies of the empirical study, principal component analysis for the use of domestic law-financial indicators of the overall performance of listed companies rating actual results of the data analysis of the financial performance of listed companies - ranking.The thesis consists of five parts: the preface, chapter 1, chapter 2, chapter 3 and the conclusion.The preface introduce the main part of an overall the strategy performance measurement system of enterprise, judging from the current problems faced by enterprises and practical needs, this thesis discussed the strategy performance measurement system of enterprise, and explains the theoretical and practical significance of this study. First, the strategy performance measurement system of enterprise is based on the business objectives of the various departments and staff performance evaluation and guidance to the correct strategic decision to realize the efforts of the management system. Second, the strategy performance measurement system of enterprise is to discover the strengths and weaknesses of the extent and impact of a good external environment for enterprises bad for the current and future business management guidance. In the introduction, the overall structure of this paper made a brief introduction.Chapter 2 is a theoretical review of the relevant literature. The evolvement of strategy performance measurement system of enterprise was introduced in this part. In western countries, the index system experienced a cost-based period, a sales-profit based period; a ROE based period, and other financial or non-financial index periods. The index system for performance evaluation of Chinese enterprises experienced four stages: index system at the stage of planned economy which counted on out of production; index system at the early stage of reforms and opening-up to the outside world which counted on profits and tax attributes; index system in the 1990's which based on comparative financial index; and index system since the 1990's which based on index combining financial and non-financial indexes. The evolvement of the strategy performance measurement system of enterprise in China and western countries gives us a lot of revelations.Chapter 3 is a theoretical study of the method described in this paper. Strategic Performance Evaluation System in the setting up of two dimensions: the level of financial evaluation, Non-financial level evaluation. The level of financial evaluation include: corporate contributions, the net cash flow, human resources contribution, capital Value, net profit, turnover and property rates in seven areas. Non-financial level evaluation include: enterprise customer base index system, internal production process level indicator system, technological innovation capability level indicator system. Enterprises and government staff level indicator system and the community level indicator system. Finally, the paper of choice for research and study samples of the research tools and a brief description of data collection and processing methods.Chapter 4 focused on financial enterprises as an example, start-described the strategy performance measurement system of financial enterprises studies. First, a summary of the financial enterprises, the strategy performance measurement system of financial enterprises also explained in detail. Serve as a special analysis of the industry with special effects; Secondly, for the special financial industries. The strategy performance measurement system of financial enterprises set up principles and should explain the problem; finally, the focus of this paper, the strategy performance measurement system of financial enterprises in the financial system-listed companies'empirical study. Financial industries are unique, based on the premise of strategic management, a corresponding increase in long-term business plan targets, the 16 selected indicators for empirical analysis. Through the use of SPSS, data collected by CSMAR and network corresponding computation. By using principal component analysis simplified indicators, the strategy performance measurement system of financial listed enterprises was ranked and scored. System theory in actual practice is to be a good test.Chapter 5 is conclusions and recommendations, is a summary of this thesis, it is the inspiration for managers. This chapter also shows the limitations of the study and subsequent proposals.To sum up, this article carries out innovative research to the traditional performance evaluation system through setting up a study on the strategy performance measurement system of enterprises, and empirical study of financial enterprises. However, as space and my knowledge are limited, many questions have not been expounded or the analysis is not comprehensive and thorough enough. I earnestly request every expert and colleagues criticizes or give me your opinion.