An Analytical Study of Performance Management of NTPC

A. K. Chakrawal, Dr. Pratibha Goyal

Abstract


Purpose

The purpose of the study is to analyze the holistic performance of NTPC – A Maharatna Company by using balance scorecard to view the effectiveness of NTPC in attaining its core values and business objectives. NTPC has classified their objectives into business performance, financial performance, customer orientation, R&D, performance management and therefore the four perspectives of balance scorecard were ideal to analyze performance measurement and management of NTPC

Research Methodology and Approach

 The present research uses descriptive and analytical approach of measuring performance of NTPC by using four perspectives of Balance Scorecard namely- financial, customer, internal processes and innovation & learning. The annual reports, financial analyses, financial websites and newspapers are used as a secondary data source to analyze the performance. 

Findings

It was observed that NTPC has defined its objective statement with utmost clarity to enhance the performance with measurable goal. With the application of balance scorecard it was found that there is a positive association of companies overall objectives with that of its performance.

Implications

It would provide a holistic view of the overall performance outcome and an opportunity to increase qualitative and quantitative performance to create more synergy and alignment of strategies with performance management system.


Keywords


Performance Measurement and management, Maharatna Companies, Public Sector Enterprises, NTPC, Balance Scorecard.

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References


Journal and Books

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Websites

www.nseindia.com

www.bseindia.com

www.ntpc.co.in

www.moneycontrol.com

www.simplywall.st

www.ndtv.com

www.capitalmarket.com

www.csimarket.com

www.indiaratings.co.in.

www.indianinfoline.com

www.equitymaster.com

www.ibef.org

www.scholar.googles.co.in

Newspapers

Business Standard

The Hindu Business Line

The Economics Times

The Financial Express


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