Abstract

This study is an attempt to correlate Balanced Scorecard and Economic Value Added, to create an integrative relationship system because they are the contemporary models in strategic performance evolution. To achieve this the researcher reviewed financial statements or (185) SMEs between 2004-2006, and calculated the EVA, as Well as developing a questionnaire consisting of<7l> items for measuring Balanced Scorecard perspectives, EVA realization, and Balanced Scorecard. Its validity and reliability were verified, The questionnaire was distributed (185) on financial managers, and (151) returned questionnaires were good for analysis‘ And the hypothesis was tested by using correlated statistic consisted of sample regression, multi regression, and Canonical. The researcher reached the following results; - The study indicates that there is a medium level from awareness in EVA and Balanced Scorecard among SMEs projects administrators. — There are statistical significance effect between Balanced Scorecard perspective and Economic value added. - There are statistical significance effect between financial perspective, internal process perspective, learning and growth perspective, Customer perspective and Economic value added, - There are statistical significance effect between Balanced Scorecard perspective and Economic value added on strategic performance evolution (sales growth), (Assets growth), (Employees number growth) in SMEs projects.