The Application Research of Balanced Scorecard in Corporate Performance Management: A Case Study of Boshen Corporation Limited

Abstract

With the continuous integration of management accounting practices within enterprises, there has been ongoing innovation in performance assessment methodologies. The balanced scorecard, a pivotal tool within management accounting, assumes a significant role in evaluating an organization's strategic performance. It facilitates the harmonious amalgamation of financial management and business development, offering a comprehensive depiction of the company's operational landscape. By means of feedback mechanisms and effective problem-solving, the balanced scorecard contributes to the company's sustained evolution. This study centers on the case of Boshen Co., Ltd., delving into the current application landscape and identified challenges in corporate performance assessment. It subsequently presents precise recommendations, aiming to furnish guidance and insights towards the establishment of an impeccable strategic performance evaluation framework for the company.