Jitin Electric Limited By Share Ltd Management Research Of Balanced Scorecard Performance Appraisal Program

The Balanced Score Card (BSC) is summed by the well known USAmanagement Gurus MR Robert S. Kaplan, and the international consulting firmpresident of Renaissance Solutions MR DAVID P. Norton, proposed landmarkStrategic management tool for performance evaluation, based on12large enterprisesSuccessful Experiences of the performance evaluation system. Mr. Kaplan and Mr.Norton, compare the Balanced Scorecard to an "aircraft cockpit", the instrumentpanel of which displays various information related to the enterprise strategy. BSCobserves the Enterprise from four aspects, that is, finance, client, internal businessprocess, learning and growth. As a tool of implementing performance management,the Balanced Scorecard has been widely used in the global management for therecent ten years, in China; many well-known enterprises use BSC in performancemanagement practice, and achieved satisfactory results. However, theoreticalresearches and practices on the applications of Balanced Scorecard in scientificresearch institutions are few.The article, taking unit R as the object of case study, offers deep insight into theperformance evaluation current situation of the unit’s scientific research department,combing with performance management theory, a comprehensive, systematicanalysis of problems existing in the performance evaluation of R unit scientificresearch department is carried out, the root of problem is identified, and the solutionsof problem are proposed, hence, the performance evaluation system based on BSC isestablished. In the article, a wide range of issues are expatiated, from the necessityand feasibility for the introduce of Balanced Scorecard, the establishment procedures,the specific designed performance evaluation indexes, the enforcement and resultapplication, to analysis of application effect as well as the shortage found in the use,etc., and a further suggestion for optimized Balanced Scorecard is made. When designing key performance indicators, the article combined with the specificconditions of scientific research department of R unit, increase the appraisalindicator of a third-party appraisal level, graded by relevant business departments, inorder to achieve a comprehensive and objective appraisal of the overall performanceof scientific research department, which provide significant research and guidancefor unit R to establish a performance evaluation system applicable to its scientificresearch department.In the study of the article, the performance evaluation practices that BalancedScorecard is applied in scientific research departments are discussed, which have areferential significance for perfecting performance evaluation system of similardepartments within the same industry within the theory and practice.