A study on Balanced Scorecard perspective of Performance measurement in Spinning mill of Dindigul District
Main Article Content
Abstract
This study (BSC) evaluates the application of a Balanced Scorecard, which was adopted in the early 1990s. Kaplan & Norton devised a method to assess the overall performance of Spinning mills in Dindigul District.. This was accomplished through the use of a quantitative approach. A questionnaire was used to obtain data from selected spinning mills. of Dindigul District found on the Tamilnadu Spinning Mills Association.. The four perspectives, namely customer, internal process, learning and growth, and monetary, were investigated. The findings indicate that indicators in the economic point of view for Spinning mills in Dindigul District only encompass the common financial standards (e.g., ROA, ROE). From a monetary standpoint, it shows that the key technique for spinning mills in Dindigul District is to reach their pre-determined profit goals. . Spinning mills in Dindigul District have a moderate proclivity to try to improve their financial results. Spinning mills must also create their strategy based entirely on both monetary and non-financial indicators that are suited for them, due to limited resources and intense competition.however, this study provides an overview of BSC adaptability in spinning mills and underlines the need for more investigation.