Construction On EVA-BSC Based Comprehensive Performance Evaluation Index System Of Huaneng International

Enterprises are facing increasingly fierce competitive environment, the survival anddevelopment of enterprises has been sorely tested, this new productive enterprisemanagement all the more important role in the performance evaluation also becomeincreasingly prominent; financial indicators traditional performance evaluation systemcan not meet the needs of enterprise management, this problem is particularlyprominent in our country. In this regard, the need to abandon the profit targets for thecore of the evaluation system, a new evaluation tools, and the establishment of a newevaluation system. The Chinese government, enterprises also on this path withunremitting efforts. January1,2010, the SASAC formal implementation of theoperational performance assessment of the person in charge of the central enterprisesInterim Measures, indicators of the economic value added as one of the basicindicators of the annual performance evaluation of the person in charge of the centralenterprises, directing the enterprise’s performance evaluation guide enterprise valuemanagement transformation.The electric power industry is the basis of the people’s livelihood, industry,operating results, good or bad, the level of efficiency directly affects all aspects ofsociety, it is bound to become the focus of the SASAC assessment, implementation ofEVA performance evaluation is inevitable. Huaneng as traditional thermal powerenterprises not only faces competition from non-thermal power enterprises and facingthe coal prices and electricity prices two squeeze Huaneng Power International, whichrequires the establishment of a state-of-the-art performance evaluation system, andquickly made the industrial upgrading.In this context, this paper seek viable and efficient performance evaluation system,the choice of successful companies abroad economic value added and the balancedscorecard, in-depth analysis of the advantages and disadvantages of both. Analyzedthe advantages and disadvantages of the balanced scorecard and economic valueadded complementary, both fusion system has its own incomparable advantages,therefore, in this article from the fusion of the necessity and feasibility analysis of twoperformance evaluation system, and constructed based on the combination ofbalanced scorecard and economic value added performance evaluation systemHuaneng Power International deficiencies and defects of the existing index systemthen analyzed, and the feasibility and necessity of the application of the newperformance evaluation system, and based on the analysis of the concept andprinciples to build Huaneng new performance evaluation system. Business features for power generation companies, financial position, customer,internal processes, learning and growth dimension build Huaneng performanceevaluation system, the economic value added as a dimension of the core indicators offinancial condition, into the balanced scorecard. HUANENG business characteristics,the choice of the other indicators of financial and non-financial indicators, and given areasonable weight to quantify, the new performance evaluation system based onspecific steps to make a preliminary study of the implementation of the new system ofHuaneng Power International, may the results achieved initial expectations.The combination of the balanced scorecard and economic value added performanceevaluation system of traditional financial indicators for the core performanceevaluation system has a first-mover advantage, comprehensive measure of corporateperformance, and at the same time be able to make up for the lack of EVA and BSC.HUANENG application build a new performance evaluation system, and be able toadapt to market development, the implementation of the corporate strategy, improveenterprise value, enhance its competitiveness to meet the national industrialdevelopment and the requirements of the shareholders.