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Modeling Effective Budgeting and Production For Sustainable Competitive Advantage: Evidence from Kufa Cement Factory, Iraq

Author

Listed:
  • ALAWAED Husam Muhammed Ali

    (Department of Accounting, College of Administration and Economics, University of Karbala, Karbala, IRAQ)

  • AL-KAWAZ Salah Mahdi Jawad

    (Department of Accounting, College of Administration and Economics, University of Karbala, Karbala, IRAQ)

  • ABBAS Ali Abdulhassan

    (Department of Accounting, College of Administration and Economics, University of Karbala, Karbala, IRAQ)

  • ALNASRAWI Salam Adil Abbas

    (Department of Accounting, College of Administration and Economics, University of Karbala, Karbala, IRAQ)

Abstract

The current study aims at conceptualizing time-driven activity-based budgeting and cleaner production (CP) techniques and their integration in achieving sustainable competitive advantage by applying them at Kufa Cement Factory, an economic unit under the Iraqi Ministry of Industry. The research reached several crucial conclusions. Two techniques are integrated as a hybrid model based on time-driven activity budgeting with CP for the reciprocal relationship between contemporary management accounting techniques. This model gets rid of environmental problems, identifies idle energy as output from the time-driven activity-based budget, and uses it for increasing the production, sales, and profitability. The most important recommendation is that strategic thinking should be leveraged for economic unit management and competitive advantage as it is characterized by strong insights, environmental sensing, etc. It can analyze and interpret the information and has a comprehensive knowledge on various aspects of the economic unit and its requirements. The strategies must be defined to leverage the manpower and resources and translate the goals into victory.

Suggested Citation

  • ALAWAED Husam Muhammed Ali & AL-KAWAZ Salah Mahdi Jawad & ABBAS Ali Abdulhassan & ALNASRAWI Salam Adil Abbas, 2024. "Modeling Effective Budgeting and Production For Sustainable Competitive Advantage: Evidence from Kufa Cement Factory, Iraq," Foundations of Management, Sciendo, vol. 16(1), pages 295-310.
    • Handle: RePEc:vrs:founma:v:16:y:2024:i:1:p:295-310:n:1018
    DOI: 10.2478/fman-2024-0018
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    More about this item

    Keywords

    TDABB; CP; sustainable competitive advantage; competitive strategies; environmental strategies;
    All these keywords.

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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