
The Balanced Scorecard and its Applications in China
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As China continues to grow economically, strategicmanagement is becoming increasingly important fororganizations in China. Chinese executives andmanagers are eager to learn about how to competesuccessfully in both domestic and global markets.Increasing competition is stimulating their thirstfor learning how to develop strategically effectiveapproach to formulating, executing and adjustingorganizational strategy in China.This study provides some foundational material aboutthe Balanced Scorecard and shows how to apply theBSC in a way that is consistent with Chineseculture, traditions and in the ...
As China continues to grow economically, strategicmanagement is becoming increasingly important fororganizations in China. Chinese executives andmanagers are eager to learn about how to competesuccessfully in both domestic and global markets.Increasing competition is stimulating their thirstfor learning how to develop strategically effectiveapproach to formulating, executing and adjustingorganizational strategy in China.This study provides some foundational material aboutthe Balanced Scorecard and shows how to apply theBSC in a way that is consistent with Chineseculture, traditions and in the contexts of diverseChinese organizations. It highlights how to balancethe tension between the Chinese Confucian legacy ofrespect for authority with the competitiveimperative to encourage individual empowerment andinitiative