The Role of Integration Between Target Costing and Time-Driven Activity-Based Budgeting Techniques in Managing Time and Cost and its Reflection in Achieving Competitive Advantage-Reference-Cited by-同舟云学术

The Role of Integration Between Target Costing and Time-Driven Activity-Based Budgeting Techniques in Managing Time and Cost and its Reflection in Achieving Competitive Advantage

Published:2023-01-01 Issue:1 Volume:15 Page:187-208
ISSN:2300-5661
Container-title:Foundations of Management
language:en
Short-container-title:

Author:

Al-Kawaz Salah Mahdi Jawad¹^ORCID,Al-Daami Ahmed Naser Abbas¹^ORCID,Abbas Ali Abdulhassan¹^ORCID

Affiliation:

1. University of Kerbala, College of Administration and Economics , Kerbala , IRAQ

Abstract

Abstract Traditional cost systems are no longer able to provide the appropriate information in line with the developments and changes of the contemporary and competitive business environments. However, with a vibrant change in the functioning of businesses today, such cost system features have also been replaced to meet the dynamic business environments. If these two techniques are applied in coalition, it is possible for the economic units to manage their time and costs easily, which acts as a competitive advantage for those units. The current research study aims at studying the complementary relationships of these two techniques by applying them in one of the laboratories of General Company for Textile Industries in Hilla, which represents the men’s clothing factory in Najaf. Based on the analytical results, the researchers arrived at several conclusions, while the most important conclusion was the identification of the absence of features to apply the target costing and time-driven activity-based budgeting techniques. The most important recommendation made to the men’s clothing factory in Najaf is the need to pay adequate attention for the application of two techniques to achieve their goals.

Publisher

Walter de Gruyter GmbH

Subject

Strategy and Management

Link

https://www.sciendo.com/pdf/10.2478/fman-2023-0014

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