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2010•Journal of Jiangsu Vocational and Technical Institute of Economics and CommerceRequires access

A Practical and Effective Financial Performance Evaluation:Balanced Scorecard

Zhang Li

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Abstract

Balanced scorecard is a management system.Furthermore,it also can be used as a financial performance evaluation and incentive system.Balanced scorecard can help the management board of companies to plan from a long-term view.It enables the long-term strategy to become concrete and be implemented.Additionally,it can give timely feedback from the internal process and external customers to continuously improve strategic performance and results.

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What this paper is about

Balanced scorecard is a management system.Furthermore,it also can be used as a financial performance evaluation and incentive system.Balanced scorecard can help the management board of companies to plan from a long-term view.It enables the long-term strategy to become concrete and be implemented.Additionally,it can give timely feedback from the internal process and external customers to continuously improve strategic performance and results.

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Available abstract

Balanced scorecard is a management system.Furthermore,it also can be used as a financial performance evaluation and incentive system.Balanced scorecard can help the management board of companies to plan from a long-term view.It enables the long-term strategy to become concrete and be implemented.Additionally,it can give timely feedback from the internal process and external customers to continuously improve strategic performance and results.

Key concepts: Balanced scorecard, Incentive, Process management, Term (time), Business, Process (computing), Strategy map, Computer science

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