Performance Evaluation of Selected Firms of FDRE Metals and Engineering Corporation(METEC)
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Date
2017-02
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Addis Ababa University
Abstract
This research aims to evaluate the performance of METEC industries/firms with a special
emphasizes on METEC manufacturing firms in Addis Ababa, Bushoftu and Adama. This study
aimed at assessing performance of the selected FDRE Metals and Engineering Corporation using
balanced scorecard as framework. The researcher used quota and convenience sampling methods
to select customers and employees as respondents. Based on the developed framework 15
performance indicators categorized under the 4 BSC perspectives. Financial data were used and
primary data collected using five scale Likert. The researcher used structured questionnaires and
the collected data analyzed using statistical methods. The findings of the study based on FP ratios,
the firms ROA and ROE shows that firms do not use their asset and equity efficiently to earn profit.
Furthermore, the first three hypothesis result shows BSC perspectives are positively correlated
with each other at a statistically significant level and in a sequential way. Results also evidence
that the companies that have improved their ROE and ROA had increased their efforts towards
characteristics that involve the learning and growth perspective. So, METEC firms/industries
suggested paying attention on the use of BSC as a performance measurement tool and also hub to
specified performance indicators that needs enhancement.
Key words: - METEC industries, Performance and BSC
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Keywords
METEC industries, Performance and BSC