Final answer:
The statement's accuracy regarding the Performance Excellence Award criteria being based on the Malcolm Baldrige National Quality Award and adapted for China's business environment cannot be verified without more context or a specific named award. Performance appraisals benefit from criteria tailored to the local business context as highlighted in the referenced article.
Step-by-step explanation:
The Performance Excellence Award criteria mentioned in the question appear to be modeled after the Malcolm Baldrige National Quality Award, which is a United States award that recognizes organizations for their achievements in quality and performance. However, the statement in the question suggests that there is a specific set of criteria aligned for China's unique business environment. Without additional information about an award specifically tailored to Chinese business contexts that is based on the Malcolm Baldrige criteria, the veracity of the statement cannot be confirmed. Therefore, the statement remains ambiguous without further context or a named award that matches the description.
It's essential in performance appraisals to have criteria that reflect the specific environment and challenges of the business or organization. Adapting the award criteria to fit a particular location, such as China, would certainly help to address local business practices and cultural aspects, which is crucial for the effectiveness of any quality and excellence framework. The article referenced by Schraeder, M., Becton, J. B., & Portis, R. emphasizes on the importance of considering an organization's specific context when evaluating performance.