“Firstly, BSC is required to handle global competitiveness… we will compete with international bank card companies. To win the competition, we should have the most competitive and modern management ability.
Secondly, BSC is required to implement UnionPay’s strategy… How can we make sure our tasks are strategy-focused How can we make sure everyone work towards one goal? How can we make sure the strategy objective is fully fulfilled All the above questions should be handled urgently.
Thirdly, BSC is required to build a scientific and effective management performance system… to build scientific and key performance measurements and to combine this system with the existing management system such as HR, Financial system.As a result, the management process will be upgraded, management ability will be strengthened, and key competitiveness will be improved.”
--Wan Jianhua, Former President of China UnionPay, Speech in Balanced Scorecard Project Kick-off Meeting
“Balanced Scorecard can help us define objectives and measures. As an effective renovation tool, 6S can help our company achieve targets of objectives and measures set in BSC, and will improve strategy execution of the organization.”
--Zhu Junsheng, VP of BaoSteel, Speech in Balanced Scorecard Asia Summit, Shanghai, 2006
“As a group who manages diversified enterprises, we know that strategy and Balanced Scorecard should be employed. BSC is a scientific and effective tool for managing diversified enterprises, sharply decreasing the difficulty of managing profit centers. BSC can help clarify the management process. As a tool it is easy and beneficial.”
--Jiang Wei, GM of Finance Division of China Resources Group
“Our early development depended on general market increases and external resource acquisition, but in the future, our success will be based on the success of strategy. Balanced Scorecard helps us build a strategy management system, and makes sure the strategy will be executed. Our group will be managed according to the methodology of Balanced Scorecard.”
--Wang Yusuo, Chairman of XinAo Group, Speech in Project Close Report
“The process of BSC development is a process of strategy communication, the strategy must gain consensus all across the company. BSC gives us a very good instrument for strategy implementation. We have acquired wonderful results and realized historic and sustainable growth. The strategy is successfully executed with increased profit, return ratio of assets and net assets in successive years.”
--Su Xianze, president and chairman of Zhejiang Supor Co., Ltd.
“In 2005, the Company made great achievements in the formulation and popularization of BSC. In 2006, the Company will consistently promote the application of BSC and implement its strategy. First, collect, arrange and analyze the BSC track report, prepare monthly tracking and quarterly analysis report, find out problems in strategy execution, and solve problems. Second, instruct and assist functional departments of headquarters to deploy BSC to their respective functions, and build the foundation for an individual performance management system. Third, assist marketing companies and manufacturing subsidies to promote the BSC to organizations subordinate to them. Fourth, set up the performance appraisal system focused on BSC.”
--Jin Zhiguo, President of Tsingtao Brewery Company Limited, Speech in 2005 President Work Report
“As to strategy-oriented performance management, BSC insists on concepts of human-oriented operation, balanced, coordinated and unified planning. Its basic principle is in conformity with scientific development rationales and requirements for building a harmonious society. The successful appraisal of the “China Hall of Fame”, effectively promoted BSC application in China, symbolizing that the performance management in China has entered into the BSC era, with great significance for promoting government restructuring and enhancing the level of enterprise performance management. BSC application not only has made our strategy clearer, but also linked strategic planning, working patterns, performance indicators and target values closer to strategy objectives, and greatly enhanced the service attitude, strategic cooperation and working efficiency of all the officials. It has been especially successfully in developing the BSC online management system for optimizing workflows and lowering operating costs, thus allowing the working functions to better serve the development of the economy and society, and promote construction to make Qingdao more prosperous and stronger, more civilized and harmonious. Since 2005, the Working Committee directly under the municipal government has been praised as an excellent example of municipal performance management for two successive years, it has been awarded the title of “Advanced Group of enriching citizens and prospering Shandong” (as the only selected Party and government organization), and has successfully kept the honorary title of provincial civilized organ. It also was praised by the Organ Working Committee for offices directly under the Central Committee of the CPC and the State Organ Working Committee as a model of strengthening organ construction in the new era.”
--Dr. Hou Yongping, Deputy Secretary-General of The Qingdao Municipal Committee of the CPC, Secretary of Working Committee for Offices Directly under Municipal Government
“BSC is the most important management renovation tool in Vanke since 2000.”
--Yu Liang, GM of Vanke |
