ISSN: 2222-6990
Open access
Purpose: This study delineates insights regarding the role of the fifth pillar of the balanced scorecard approach for sustainable performance, focusing readymade garment industry of Bangladesh.
Design/Methodology/Approach: The study proposes a conceptual framework from the core premise of the "fit as mediation" approach, which signifies developing and implementing specialized mechanisms, such as management accounting systems that can assist in managing information and enhance superior firm performance.
Findings: The concept of the fifth dimension of the balanced scorecard approach is not novel, but the organization is still in a vague position on how to implement or measure for achieving its outputs.
Originality/Value: The conceptual framework has the potential to make a valuable contribution to the current body of literature on how sustainability initiatives can be measured through specific managerial systems. Besides, the top management level will get practical guidelines about the implication of social and environmental performance measures to maintain in the long run.
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In-Text Citation: (Mohua & Yusoff, 2023)
To Cite this Article: Mohua, M. J., & Yusoff, W. F. W. (2023). Is the Fifth Dimension of the Balanced Scorecard Approach Imperative for the Readymade Garment Industry of Bangladesh? A Conceptual Framework. International Journal of Academic Research in Business and Social Sciences, 13(7), 1345 – 1353.
Copyright: © 2023 The Author(s)
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