Research On Group 's Performance Management Of Subsidiaries

During the arrival of knowledge-based economy, market competition is fierce day by day. As the first auto leaf spring production of joint venture, group A makes the domestic auto parts industry to reshuffle. As a large group management enterprise; its management development is also from multi-level and multi-angle to the direction of the depth. It is providing an opportunity for a long-term development, at the same time, it is also give the old performance management system of group A a request.This article is mainly from the old performance management system of group A start. Analyzing its’characteristics, finding out the main problems and the effect of the performance management system by the subsidiary of the group. From the point of the formation way, group A in the buyout of subsidiary company and management, its’ property management is relatively clear. But there are some problems in functions of the position and governance structure. Also, the phenomenon of inter-group competition is very serious. So, it is necessary to rebuild the performance management system of group A. Only establish an effective system, can protect the whole group’s survival and long-term development and then gain a competitive advantage key work.The performance management system on this text is mainly use the balance scorecard which is a new strategic management and assessment tool. Its’main characteristic is combined the vision and development strategic with the subsidiary’s performance. Making the whole group’s strategic objectives is achieved. This article is firstly described the domestic and foreign scholars’research and the subsidiary’s experience of performance management and mainly talk about the tool and method of the performance management. Secondary, it is analysis the problems of the old performance management system, focusing on using the balance scorecard to building a new performance management solution so that to give an overall management to the subsidiary companies. Lastly, the implementation of the new performance management system will get results. It is mainly in the match with the group strategic and the change of the assessment of indicators to format a common language of strategic communication.