(88c) Balanced Scorecard Applicable to Textile Projects in Developing Countries

Balanced Scorecard applicable to Textile projects in developing countries

Virgilio L. Gonzalez, PhD     

AIChE : 119354

E-mail: gbasoc@cantv.net

SUMMARY

The textile industry is an area characterized by a productive chain of high employment generation.  It includes Cotton crops, the manufacture of synthetic products with polyethylene and Polypropylene, needed to make yarns, the chemical treatment and manufacturing of fabrics, confection of garments and the trade of finished and intermediate products.

In spite of the competition of the Far East products, some countries in the Latin American areas have developed interesting profitable projects.  As they cannot make some of their basic raw materials, including chemicals and machinery, there are opportunities for the USA to boost its trade.

The Balanced Scorecard (BSC) is a management tool developed more than ten years ago by economists Robert Kaplan and David Norton, that can be used as a guide for project managers, to help identifying opportunities for trade and consulting activities. In cases like textile manufacturing, the application of the BSC can help Developed and Developing countries to benefit.

In this work, a Balanced Scorecard applied to the textile Industry, is developed, showing perspectives and indicators that can help project managers optimize their work.