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The Study in Performance Management System of Chongqing HCH Company

Author: LiuBing
Tutor: FengMing
School: Chongqing University
Course: Business Administration
Keywords: Performance Management System Balanced Scorecard Electric Power Enterprise HCH Company
CLC: F272.92
Type: Master's thesis
Year: 2008
Downloads: 160
Quote: 0
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Abstract


In the early stage of the market economy in China, state-owned enterprises got development from its original foundation, the Government’s full support and the rapid growth of the domestic market. However, as the market gradually getting mature and the competition increasingly becoming fierce, sustained and steady growth of enterprises will be more rely on the unique competitiveness created by an efficient management system. In order to strengthen their internal management, many managers of state-owned enterprises will first try to establish an effective performance management system so as to enhance their ability to implement the strategy.This article firstly studies the general principles of the performance evaluation and performance management system and some advanced performance management tools, such as : the key indicators of performance appraisal, the Balanced Scorecard as well as a 360-degree performance feedback theoretically. Then through surveys and interviews with the staff, the article gets a clear view of the human resources management status quo of HCH Company and analyzes its problems especially problems in the performance management.This paper combines theory and practice closely. In accordance with the "people-oriented" basic concepts of modern performance management, the article makes a strategic plan according to the company strategy. And, learning from the mode of process management and the thinking of the Balanced Scorecard, the article designs a key performance indicators systems from four dimensions: finance, customer,internal business process, study and growth. Based on this, the article designs a performance management solution plan in HCH Company to manage the staff according to different departments and roles. To strengthen its application, this paper also develops a detailed implementation plan , including all the key link and relations need to be paid attention in the implementation.This paper emphasizes that the performance management system must be consistent with the development strategies of the enterprise, must be close to the business, and must be consistent with the development aspirations of the staff. This improves the status and value of performance management in enterprises and plays a positive role in the innovation of the performance management theory as well. This paper, for modern enterprises particularly the county public holding power supply enterprises which commit to social functions, provides a useful attempt and a rather solid foundation to further strengthen performance management in theory and in practice.

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CLC: > Economic > Economic planning and management > Enterprise economy > Enterprise planning and management decision - making > Corporate Administration > Personnel Management
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