| As a key part of China’s economy,private enterprises make huge contributions to the national economic development.In the meantime,support in form of policy and funding has been provided by governments of all levels.However due to industrial and intrinsic constraints,survival and developmental pressure has been mounting for the private sector.This paper looks into the development challenges faced by the HS company,a homegrown traditional machinery manufacturer.On the one hand,influenced by macro economic policies that limit the development of industries of high pollution and energy consumption,market demand for cement equipment has been dropping.On the other hand,the performance management system of HS is still in a primitive stage,where performance review system for the whole company fails to achieve a seamless connection with those for staff and departments,which has hindered the implementation of corporate strategies.Under this circumstance,this paper aims to establish a comprehensive performance evaluation system help HS company improve the performance evaluation environment and results.Therefore,after reviewing literature extensively and talking into consideration of the situations of HS,the author seeks to re-optimize the performance review system of the company by combining BSC with KPI.The reviewing process is designed to be:first to break down the development and strategic visions of HS through BSC’s four dimensions of financial,customer,internal process,and learning and growth,so as to identify key drivers in each dimension;then to determine the company-level KPI using the key drivers,which shall then be broken down to departmental and personnel level KPIs with the weights of KPIs redefined using AHP,on the basis of departmental duties and specific job descriptions;and finally to propose improvements for optimizing the performance review system,so as to guarantee efficiency and efficacy of it. |
