The Performance Evaluation System for Explosive Enterprise by Balanced Scorecard

Abstract

A scientific and effective performance evaluation system plays a great significance role for an enterprise to achieve its strategic goals. The Balanced Scorecard integrates both financial and non-financial index, which makes up for traditional evaluation that is done only around unitary financial index. However, only four evaluation dimensions cannot cover all the specific circumstances of enterprises. This paper is taking civil explosive industry as research target, which is not paid enough attention as the basis of Chinese energy industry as well as there are no enough studies on its operating performance. Guided with strategic goal, this paper focuses on difference between this industry and others and extends traditional four performance evaluation indices to six, in which security index and social responsibility index are added. Considering a lot of non-financial index such as market share, customer satisfaction, employee satisfaction and etc., it innovatively completes the extraction, analysis and calculations of assessment index. As a result, it builds a strategy-based performance evaluation system with industry applicability so that it can reflect the drive relationship among the perspectives of index.