The researcher used structured questionnaires and the collected data analyzed using statistical methods. Financial data were used and primary data collected using five scale Likert. Based on the developed framework 15 performance indicators categorized under the 4 BSC perspectives. The researcher used quota and convenience sampling methods to select customers and employees as respondents. This study aimed at assessing performance of the selected FDRE Metals and Engineering Corporation using balanced scorecard as framework.
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.
Keywords: Value Chain Performance Evaluation Non-financial Metrics Financial Metrics Productivity It was recommended that the Manufacturers Association of Nigeria (MAN), as a regulator of the manufacturing sector in Nigeria, should begin a widespread sanitization of the concept of balanced scorecards and strategic cost management through workshops, seminars, etc. OLS and Pearson Product Moment Correlation Coefficient were used for the hypotheses tests and the results showed that Balanced Scorecard and Strategic Cost Management are complementary measures used in assessing the performances of a company in order to align business activities to the overall strategic objectives and ensure both short-term and long-term productivity through financial and non-financial planning, implementation and performance evaluation processes. To this end, primary data were elicited from respondents of ten manufacturing companies in Rivers and Lagos States in Nigeria.
Performance evaluations have often been streamlined to financial measures alone, while circumventing non-financial performances measures such as: product quality, order delivery time and employee satisfaction etc., which have spawned a large gap in productivity rating among Nigerian firms. The study examined Balanced Scorecard and Strategic Cost Management as recipes for productivity rating among manufacturing companies in Nigeria.
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