New strategic management system

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Reference no: EM133823072

Question

Zhongyuan Special Steel Co. (ZYSCO), a typical Chinese state-owned company, introduced a new strategic management system that would integrate its value creation strategy into everyone's day-to-day job. The balanced scorecard (BSC) was the core of this new system. The foundation for implementing a BSC was ZYSCO's strategy map. The BSC task force first drew the strategy map shown in Figure 1. Next, the BSC was developed based on ZYSCO's strategy map. Figure 2 shows the BSC and indicates how the strategic objectives were translated into performance measures.

Reference no: EM133823072

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