Articles
| Open Access |
https://doi.org/10.37547/ajast/Volume06Issue02-05
Increasing Efficiency In Textile Industry Enterprises Based On A Balanced Indicators System
Abstract
This article discusses the theoretical and methodological foundations of using the balanced scorecard (BSC) to improve efficiency at textile enterprises. The study interprets the BSC as a strategic management tool that integrates the financial and non-financial aspects of the enterprise's activities into a single management mechanism. The article substantiates the possibilities of assessing efficiency based on the interrelationship between working with consumers, internal business processes, innovative development and financial results. It is also scientifically concluded that the introduction of the BSC in textile enterprises can improve management processes, effectively use resources and increase competitiveness.
Keywords
Balanced scorecard, textile industry, strategic management
References
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