Navigating Challenges in Chinese Enterprise Management: A Focus on Budgeting and Performance Evaluation

Authors

  • li sha liu Inner Mongolia University of Finance and Economics, Hohhot, Inner Mongolia

DOI:

https://doi.org/10.55014/pij.v7i2.225

Keywords:

Budget management, Performance evaluation, Enterprise management, Strategic alignmentl, Organizational effectiveness

Abstract

In the ever-evolving landscape of global economic integration, comprehensive budget management and performance evaluation have emerged as critical tools for enhancing enterprise efficiency and fostering development. However, Chinese enterprises face challenges in breaking through existing management bottlenecks, hindering innovation and leading to phenomena of rapid growth followed by swift decline. This paper aims to address these challenges by exploring the relationship between budget management and performance appraisal, highlighting their vital role in enterprise total value management. By aligning budgeting with strategy and operations and establishing fair performance evaluation systems, organizations can cultivate environments conducive to internal competition, fostering a corporate culture replete with entrepreneurial and innovative spirit. The study analyzes existing issues in current budget management and performance appraisal, such as imperfect systems, rigid practices, and talent shortages, proposing strategies to strengthen enterprise budget and performance management. These strategies include enhancing organizational structures, integrating resources with strategic focus, strengthening PDCA cycles, and establishing effective assessment mechanisms. By leveraging cloud platforms and big data, and actively pursuing legislative reforms, enterprises can optimize their budget management and performance evaluation systems, ultimately driving sustained growth and competitiveness in dynamic market environments.

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Published

2024-04-20
CITATION
DOI: 10.55014/pij.v7i2.225
Published: 2024-04-20

How to Cite

liu, li sha. (2024). Navigating Challenges in Chinese Enterprise Management: A Focus on Budgeting and Performance Evaluation. Pacific International Journal, 7(2), 06–11. https://doi.org/10.55014/pij.v7i2.225

Issue

Section

Regular