Performance Evaluation Of Selected Firms Of Fdre Metals And Engineering Corporation(metec)

This research aims to evaluate the performance of METEC industries/firms with a specialrnemphasizes on METEC manufacturing firms in Addis Ababa, Bushoftu and Adama. This studyrnaimed at assessing performance of the selected FDRE Metals and Engineering Corporation usingrnbalanced scorecard as framework. The researcher used quota and convenience sampling methodsrnto select customers and employees as respondents. Based on the developed framework 15rnperformance indicators categorized under the 4 BSC perspectives. Financial data were used andrnprimary data collected using five scale Likert. The researcher used structured questionnaires andrnthe collected data analyzed using statistical methods. The findings of the study based on FP ratios,rnthe firms ROA and ROE shows that firms do not use their asset and equity efficiently to earn profit.rnFurthermore, the first three hypothesis result shows BSC perspectives are positively correlatedrnwith each other at a statistically significant level and in a sequential way. Results also evidencernthat the companies that have improved their ROE and ROA had increased their efforts towardsrncharacteristics that involve the learning and growth perspective. So, METEC firms/industriesrnsuggested paying attention on the use of BSC as a performance measurement tool and also hub tornspecified performance indicators that needs enhancement.rnKey words: - METEC industries, Performance and BSC

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