The Integration between Strategic Cost Management Techniques to Improve the Performance of Iraqi Manufacturing Companies

Al-Naser, Khalis Hasan Yousif; Mohamed, Rapiah

doi:10.5296/ajfa.v9i1.11003

Cited by 6 publications

(3 citation statements)

References 25 publications

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“…Selling more or saving more are two common ways to increase a firm's profit. e questionnaire outcomes supported that those considerations clearly linked to revenue generation, profit contribution, and quality assurance are more significant to participants for managing costs and further confirmed the definition of strategic costs as those costs directly bringing in revenue, profit, of product value [16,56]. In summary, the results offer evidence that efficiency enhancement and cost reduction without discounting the organisational effectiveness as promoted by Peter Drucker [57], which protects business profit, play an essential role in organisation-wide strategies.…”

Section: No Major Difference For Participants With/withoutmentioning

confidence: 74%

Enhancing Business Sustainability and Competitive Advantage by Using a Strategic Mathematical Computing Model

Yeh

Yuan

2021

Mathematical Problems in Engineering

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Nowadays, enterprises are trying hard to reach sustainability when the industry faces the challenge of high cost in the era of meager profit. Companies with corporate sustainable approaches based on cost leadership are trying to reduce operational expenses, increase business efficiency, and implement comprehensive cost reductions within their organisations. Cost is a strategic issue for businesses to survive and stand out. The deployment of profit costs is becoming strategically important to be sustainable and competitive in the market. The research design of this study integrates both qualitative and quantitative methods. 143 valid responses to snowball sampling in Taiwan (108 responses) and mainland China (35 responses) and 24 interviews with executive-level employees in Taiwan were conducted. In addition, a total of 51 companies’ financial statements were reviewed to triangulate the foundation of research findings. Reducing costs strategically should be considered as a principal concern of a firm that wants to make its efforts for business sustainability. The result shows that nonstrategic costs are between 10 and 30 percent of the sales turnover (revenue) in a firm, and strategic costs normally account for 70 to 90 percent of its all costs. Furthermore, only 20% really makes a difference to stand out from other market players. This provides a new orientation of cost management opinion that there is a need for paying more attention and extending the concept of strategic cost management to the management of nonstrategic costs. It is also supported that the dichotomy of nonstrategic and strategic is a viable and practical way for managing all costs across sectors, industries, and business scales from a strategic and sustainable perspective.

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Section: No Major Difference For Participants With/withoutmentioning

confidence: 74%

Enhancing Business Sustainability and Competitive Advantage by Using a Strategic Mathematical Computing Model

Yeh

Yuan

2021

Mathematical Problems in Engineering

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“…Previous studies on organizations performance in Iraq were showed indifferent fields of management. Such as, some articles carried out in the area of Knowledge Management [26], Strategic Cost Management [27], economic management and policies [28], public sector organisation's performance in Iraq generally [29] and quality management implementation in oil industry sector [30]. However, except public studies not easy to find an extensive comprehensive study on the performance of Iraqi manufacturing companies.…”

Section: Organizational Performancementioning

confidence: 99%

Relationship between Total Quality Management Practice and Organizational Performance: A Conceptual Model Based on Iraq Manufacturing Industries

Al-Rawi,

Mohammad,

Ahmad

2021

IJIE

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Many organizations use various organizational improvement initiatives such as ISO 9001, Total Quality Management (TQM) and Innovation Management as strategies to be competitive in their market segments. Despite the global acceptance of the TQM concept by manufacturing and service organizations, Iraqi manufacturing organizations are still at the primary stage of the TQM journey. This paper attempts to discuss the relationships between TQM implementation and organizational performance. It also argues the importance of innovation and ISO 9001 as mediators between the application of TQM and organizational results. The related literature was reviewed prior to the development of a framework which included TQM practice, ISO 9001, innovation and organizational performance. It is expected that ISO9001 and innovation would help the practice of TQM in enhancing organizational performance. Data collection and analysis will be performed to validate and/or refine the hypotheses raised in this paper.

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“…Furthermore, previous reports have shown the low performance of the manufacturing sector in Iraq as well (Bureihi, 2011). This sector is performing poorly due to the low competitive advantage (Al-Naser & Mohamed, 2017). Furthermore, the absence of Iraq in the world competitiveness report showing the low level of competitiveness of Iraq industry.…”

Section: Introductionmentioning

confidence: 99%

Empowerment as a strategy to achieve the competitive advantage of organizations: A mediating role of organizational learning

Kadhim¹,

Mohammed²,

Gremikh³

2018

10.5267/j.msl

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In this era of industrialization, it is very difficult for firms to develop and sustain the competitive advantage. Industrial competition spread so rapidly worldwide, which neglect the differentiation of products and it is very difficult to sustain the competitive advantage in the market. Large economies capture the maximum world market and give tough time to small economies such as Iraq. Thus, the primary aim of the current study is to present a comprehensive theoretical framework for competitive advantage, which leads to better firm performance. Many studies have highlighted the area of competitive advantage of the firms, however, in a rare instance, literature has reported limited discussion on sustainable competitive advantage, especially in the context of Iraq. This research gap formulated four hypotheses, which are proposed the relationship between empowerment strategy, organizational learning and competitive advantage. The pick and drop method was adopted to distribute the questionnaires among four hundred manufacturing firms of Iraq. The results of the current study found a positive and significant relationship between empowerment, organizational learning and competitive advantage. Furthermore, the current study found a significant relationship between empowerment strategy and organizational learning. Moreover, organizational learning was found the main contributory factor between empowerment strategy and competitive advantage in Iraq industrial context. This work contributes to the consistency of knowledge by developing a comprehensive theoretical account to build and sustain the competitive advantage of Iraq industry. Hence, the current work is helpful for sustainable competitive advantage of companies to achieve the highest firm performance.

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The Integration between Strategic Cost Management Techniques to Improve the Performance of Iraqi Manufacturing Companies

Cited by 6 publications

References 25 publications

Enhancing Business Sustainability and Competitive Advantage by Using a Strategic Mathematical Computing Model

Enhancing Business Sustainability and Competitive Advantage by Using a Strategic Mathematical Computing Model

Relationship between Total Quality Management Practice and Organizational Performance: A Conceptual Model Based on Iraq Manufacturing Industries

Empowerment as a strategy to achieve the competitive advantage of organizations: A mediating role of organizational learning

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