Balanced Scorecard: Limitations & Implementation in China Context

This presentation critically discusses the limitations of the Balanced Scorecard (BSC) as identified in Western research and within the context of China. It highlights customization requirements, lack of concentration on external factors and rivals, lack of risk analysis, lack of time dimension, lack of analysis diversity, lack of strategic suggestions, and the complexity of the management system. Furthermore, the presentation appraises suggestions for preparing and implementing BSC in China, emphasizing the importance of focusing on strategic objectives, hiring skilled personnel, and creating tactical maps. It concludes that by considering these strategic recommendations, organizations in China can improve their business performance and gain competitive advantages. Desklib offers a range of similar solved assignments and past papers to aid students in their studies.

POWER POINT PRESENTATION

Table of Content
 Introduction
 QUESTION 1
 QUESTION 2
 Conclusion
 References

INTRODUCTION
 Balanced scorecard is described as an effective management system that caters feedback on external
and internal ventures procedures outcomes that enable administration to continuously improve
organizational performance.
 The current presentation will explain limitations of BSC determined in western research and that case
in China.
 It will also define strategic recommendations in preparing for & implementing balanced scorecard in
the China.

Critically discussing limitations of balanced scorecard
determined in wester investigation and case in China
 In the world of business, there are several forms of approaches, methods and
techniques are accessible that play significant role in success and growth of
companies, either it is large or small.
 Balanced scorecard is the best example of management approach or system that
may utilized in varied organizations for purpose of improving their performance
and increasing productivity level.
 This administrative system encompasses some limitations that put negative
impact on performance and practices of users, especially those who may run their
ventures in the China and tend to obtain competitive advantages.

Conti..
 Customization requirement
 Lack of concentration on enteral factors and rivals
 Lack of risk analysis

Conti..
 Lack of time dimension
 Lack of analysis diversity
 Lack of strategic suggestions
 Complicate management system

Appraising suggestions in preparing for and implications of BSC
in China
 In the China, non-profit and profit organizations may utilize balance scorecard in appropriate manner,
which may put positive impact on their success as they may utilize the key benefits of this
management system.
 Unlike, they may face some challenges because of certain limitations that BSC may include or have,
that affect negatively upon their growth in the specific market, whether it is international or national.
 It is necessary for companies to focus on and consider key suggestions that help to make preparation
for and implementation of balance scorecard effective and valuable in varied terms.

Conti..
• It recommended to each firm and their management to consider the current suggestion that enable them
to prepare and implement the best balance scorecard, which in return provide a lot of benefits to them.
• For example, they can concentrate on strategic objectives and aims, which is important and beneficial
for them to do that.
• It is important for management to build their BSC in term of determining key objectives that they can
achieve in appropriate manner.
• It is fact that without creating and having specific goal, a company and their employees are unable to
take any action or conduct any activity that put positive impact on ventures growth in the recent time,
when companies are facing critical challenges to survive in the market.

Conti..
• The best suggestion that organizations in the China can consider is that they can hire skilled and experience
candidates, among which each person is able to support management during overall process of balance
scorecard preparation and then implementation that is important for them to do so in appropriate manner.
• With skilled workforce, companies may grow rapidly and in productive manner, which is essential for their
competitive growth in the market, where they may have established their ventures and sustain the same
from longer time.
• Another tactic as key recommendation that management can consider, to prepare and implement balance
scorecard is to create a tactic and effective map, which include varied actions and decisions that in turn
provide desire outcomes to each stakeholder of a firm, whether it is small or large.

CONCLUSION
 On the basis of above discussion, it has been concluded that organizations in the world of business
has created the best organizational, business and corporate strategies by considering balanced
scorecard concept.
 They had taken pleasure of improving businesses performance that enabled to obtain desired results
in appropriate manner.
 Furthermore, from above analysis, it has been summarized that each strategic recommendation
consideration has enabled companies in the China to obtained competitive benefits in bulk.
 They had improved performance of ventures appropriately that is important and beneficial too for
them.

References
 AKMAN, G. and TURAN, H., 2021. EXTENSION OF THE BALANCED SCORECARD
STRUCTURE FOR BANKING INDUSTRY. Endüstri Mühendisliği. 32(1). pp.127-146.
 Ebrahimi, M. and Daneshvar, A., 2021. An Integration of System Dynamics Modelling Approach into
the Balanced Scorecard for a Case Study. Journal of Industrial Strategic Management. 6(1). pp.14-
31.
 Lee, S., Costello, F. J. and Lee, K. C., 2021. Hierarchical balanced scorecard-based organizational
goals and the efficiency of controls processes. Journal of Business Research. 132. pp.270-288.