• Dr. Patil Prashant Surgonda

This paper describes Balanced Scorecard as a tool of management control system in a medium scaled cooperative garment industry. This cooperative industry is managed successively by a small group and tries to maintain traditional shareholders interest. Author tried to analyze probable balanced scorecard use & how it can contribute to organizations strategy by aligning different views to form objectives. For the same purpose four balanced scorecard perspectives of financial, learning & growth, improvement of internal processes and customers are taken into account. Now- a- days cooperative kind of organizations are considered as low performers & not remained attractive for investment by common people for common cause. The result of this study are expected to come out with 1) When BSC can be used as part of management control system for effective strategy implementation process giving its effect to all levels in the organization 2) How BSC helps in strategy conception for better performance.

Balanced Scorecard, Strategy, Performance, Management Control System

"Application of Balanced Score Card method for business improvement in a cooperative industry", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.590-596, May-2019, Available :http://www.jetir.org/papers/JETIR1905J88.pdf

"Application of Balanced Score Card method for business improvement in a cooperative industry", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp590-596, May-2019, Available at : http://www.jetir.org/papers/JETIR1905J88.pdf