Evaluation of the Efficiency of the Economic Performance of the Mass Iron and Steel Industry Company in Iraq for the Duration (2016-2019)

Abstract

The economic performance efficiency evaluation is one of the main factors on which the success of any economic unit depends to reach to high levels of efficiency in utilization of economic resources. Accordingly, the study presented two frameworks, one of them is conceptual and the other is applied for evaluating the performance of the Mass Company for the Iron and Steel Industry and how to enhance it in light of the available strategic options and alternatives.
 Studies related to the industrial sector are of great importance to economic researchers in developed and developing countries as it is an important aspect in scientific progress and economic and social development. There are also great efforts in most developing countries to increase the contribution of this sector, especially its contribution to the national and gross domestic products. In addition to that there is a potential for developing and preparing it to make its contribution larger among the economic sectors due to the potentials this sector has to attract and internalize modern technologies, which will increase productivity level, thus contributing to the achievement of economic growth, not to mention that the development of this sector contributes to the creation of new jobs, development of technical capabilities of workers within, while establishing a technical base for the country at the same time.
 The iron industry is one of the important indstries due to its multiple uses and the growing demand for it over time. Based on the foregoing, this study came to shed light on the reality of the economic performance of the Mass Iron and Steel Company for the purpose of shedding light on strengths and weaknesses, identifying deviations and finding possible solutions .one of the most important findings of the research is that total productivity (0.064 ) dinars in 2016 rose to(0.083) dinars in 2017 due to a higher value of production than the proportion of production elements that year.while the total productivity in 2018 (0.093) dinars and in 2019 (0.130) dinars, due to the high value of production. we conclude from this that the increase in the value of production under the stability or increase of costs by a lower percentage will be reflected in the increase in production.from the foregoing it can be said that total productivity was continuously increasing the length of the search, and the added value fluctuated during the research period due to fluctuating production.