Exploration Of The State-owned Enterprise Performance Evaluation System

Performance Appraisal Plan is valuable to the promotion of establishing Modern System and to the transformation of the government functions. With the progressing of Reform in China, state-owned enterprises, as the main part of economy, is developing its own Performance Appraisal System. However, we have to recognize that the present Performance Appraisal System is still imperfect, which contains dozens of defects and illogic. A scientific appraisal of the state-owned enterprises'managing performance is essential to the protection of losing of state assets, and to the maintenance of state assets'Owner's Equity. By comparing the traditional Performance Appraisal System to the one state-owned enterprises is utilizing, the paper points out that, with the enterprises management developing into strategic stages, simplified financial indicators cannot meet the requirement of appraising and managing enterprises'performance in the strategic level. Basing on this understanding, Balanced Scorecard is introduced to improve the present economic environment and the situation of state-owned enterprises. At the end of this paper, it is clarified that to realize enterprises'strategic management goal in long term, a set of financial indicators and non-financial indicators, static statement and dynamic statement, materially Performance Appraisal and inmaterially Performance Appraisal, and also Owner's interest appraisal and Customer driven attitude are supposed to be established and developed.