Study On The Performance Evaluation System Of Our Traditional Manufacturing Firms Based On The Corporate Life Cycle

An impressive characteristic of modern enterprises is the separated relationship between principals and agencies. Managers not only have to shoulder the responsibility of managing enterprises, but to accept the regulation from their clients. Therefore, it is of the great importance for the modern enterprises to make performance evaluation. As the ongoing of the enterprise-reform in our country and the radical increasing of the market competition, performance evaluation of enterprises become more and more important, and it has become the foundation and premise of enterprise management to correctly evaluate corporation performance.The design of performance evaluation system should be individualized. Different industries should be varied on performance evaluation system, and even within one corporate, performance evaluation system at the different stage should vary based on different adopted strategies, business environment, operational risk, and cash flow status. We must define the characteristics and value orientation of the object before designing the specific indicators of the performance evaluation mode. The individualized performance evaluation mode can be designed out to meet the demand of enterprise itself, only by taking issues into consideration from the stand of corporation itself that designed. The performance evaluation mode concerned in this paper is designed for the traditional enterprises in the manufacturing industry. Therefore, in integrating the developmental strategies in varies stages of different life cycle of enterprise, this paper proposed the conception of the performance evaluation mode in the four different stages of life cycle, on the basis of understanding the industrial feature and value orientation of the traditional manufacturing industry of our country. This paper attempts to integrate the theory of life cycle of enterprise into performance evaluation mode, designing a set of dynamic performance evaluation mode from a brand new angle of corporate life cycle of the traditional manufacturing industry of our country, so as to form a useful management tool to measure and improve the performance of the manufacturing enterprise.