Balance Score Card for Huawei

Running head: MANAGEMENT ACCOUNTING 1
Balance Score Card for Huawei
Student by (Name)
Institution

MANAGEMENT ACCOUNTING 2
Table of Contents
Executive summary.....................................................................................................................................3
Introduction.................................................................................................................................................3
Client's firm.................................................................................................................................................4
The Balanced Score Card and its Features...................................................................................................6
Features of BSC making it more useful.......................................................................................................7
Difference between the Balanced Score Card and the Traditional Performance Measurement Systems.....8
Suitability for the implementation of the Balanced Score Card to the Huawei Company............................9
Recommendations.....................................................................................................................................11
Conclusion.................................................................................................................................................11
References.................................................................................................................................................13

MANAGEMENT ACCOUNTING 3
BALANCE SCORE CARD FOR HUAWEI
Executive summary
The report is an about the Balanced Score Card as a tool of management. The report
critically analyzed the general view and the features of the Balanced Score Card.This important
tool us to be used in the management system of the Huawei Company. The Balanced Score Card
is an integration of the Traditional measurement performance system. The difference between
the Balanced Score Card and the Traditional measurement performance system is also provided
in the report. The Balanced Score Card plays a key role in the management system. The reasons
for its application in the Huawei Company is provided again in the report. Finally, the report
provided for the recommendations and the conclusions on the entire process of using the BSC as
a stool of management.
Introduction
Every company in the entire world is happy with the efficient management and skilled
personnel. In an attempt to achieve the quality output and good customer relations, they have to
use different managerial tools. This report is about the efficient use of Balance Score Card in the
management system. There are management tools that are very common in the field of business
management. Some of them include: Activity-Based Costing and the Time Driven Based
Costing. But for this firm, they have decided to use the Balance Score Card system. Most of the
companies prefer the use of Balance Score Card because it has several advantages over the other
management tools (Shah, Malik & Malik, 2011). The report will, therefore, look at the company
that uses the management tool, the description, and features of the BSC, the effectiveness of its
functionality in the chosen company. The final part of the report is concerned with the
recommendations and conclusion on the use of the Balance Score Card system. Huawei is the

MANAGEMENT ACCOUNTING 4
client's company that will be using this kind of the management tool. By use of the BSC, I
believe that the management system of the company will improve. Apart from the management
system, there will be the maximization of the profit and improvement in the quality of the
products. This new tool is very essential in the Huawei Company because of its vast advantages
over other management tools (Naranjo-Gil, Maas & Hartmann, 2009). The BSC is a management
tool which does not require much training as compared to other tools available in the market. By
use of this system, the company will be able to save a lot regarding the production and running
costs. The report will further analyze the difference between the Business Score Card and
traditional measurement performance system. The study also analyses the effective use of the
Business Score Card to the Huawei Company. Huawei being one of the leading networking
companies, it requires constant review of its strategic plan .This will help it in improving the
overall performance and focusing on the important areas of the business.
Client's firm
The name of the company planning to use this new system of management is Huawei.
Huawei is accompanied that is known in the market for electronics and mobile applications. For
some years, the company has been dealing with the Android smartphones. Its products are used
in every continent and are liked by many customers (Perkins, Grey & Remmers, 2014). The
Huawei Company was founded in 1987 by a lead researcher known as Ten Zhengfei. He was an
ex-military officer. The company is known as Networking and telecommunications providers all
over the world. The company is based in China and has its headquarter in Shenzhen Guangdong .
Huawei Company first started as a private company, and its main mission was to provide the
consultation and operational services to its clients. During the early times of its formation, the