Winners of 2007 China Hall of Fame for Strategy Focused Organizations™

The Qingdao Municipal Committee of the CPC→
As one of the most developed cities in China, Qingdao was recognized as a Golden City in 2006. The Working Committee for Offices Directly under the Qingdao Municipal Committee of the CPC has been promoting BSC in a number of important ways. For example; 1) by taking the leading position among Party and government organizations in China, thereby strengthening and improving performance management for the Party and government organizations, 2) by fostering scientific development rationales, promoting social harmony and realizing sound and rapid development, 3) by demonstrating results in efficiency and effectiveness in areas such as administration (cost reduction of 6% annually), overall satisfaction (No. 1 ranking city), and complaints reduced (down 15.8%), and 4) perhaps most importantly, having an impact by being a role model of advanced organization management (governmental organization) nationwide.

Zhejiang Supor Co., Ltd.→
Zhejiang Supor Co., Ltd. is the first listed company in the domestic cookware industry, with leading market positions in cookware, small kitchen and etc. The BSC program was initiated by Supor’s President in 2003 at the highest levels of the company and, within the next two years, was successfully cascaded and implemented at both the departmental and individual employee levels. In July 2004, the company issued the Fundamental Law of Supor, in which the BSC system was formally positioned as the company’s strategic execution system. The BSC system brought significant benefits to Supor both in the financial and non-financial areas. In the period 2001 to 2006, Supor’s sales revenue and net assets increased by 4.2 times (2B RMB in 2006) and 8 times respectively. “Improvement in internal communication; organization alignment; heightening of employee’s morale and enhancement of strategy management are the 4 significant organizational benefits BSC brought us, besides financial benefits in our company” A Supor Executive said.

Vanke →
Vanke is a market leader in the China real estate industry. It earns sales revenue of 21.23 billion yuan and profit of 2.15 billion yuan in 2006. It has been recognized and awarded for being the most respected company in China 5 times, the only company in the China real estate industry to have been so recognized. Vanke is also recognized as one of the most valuable public company in China by CCTV. As the GM, Mr. Yu commented, “BSC is the most important management tool in Vanke.” After implementing BSC, its customer satisfaction rate increased to 87% from 78% (2002 to 2006), and its revenue soared to 17.85 billion yuan from 4.57 billion yuan, with total market value growing to 67.2 billion yuan from 7.17 billion.