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

Author

Listed:
  • Khalis Al-Naser
  • Rapiah Mohamed

Abstract

The performance of manufacturing industry in Iraq has been declining over the last few decades. Worst still, many companies in the manufacturing sector in Iraq are yet to adopt Balanced Scorecard (BSC) to improve their performance despite its potency ensure to achieve competitive advantage and better performance. This study examines the integration between Total Quality Management (TQM) and BSC four perspectives in Iraqi manufacturing industry. Data were collected by means of structured questionnaire survey using simple random sampling and a Partial Least Squares (PLS) algorithm and bootstrap techniques were used to test the hypothesis of the paper. The result revealed that TQM had a significant positive effect on BSC through the measurement of customer perspective, financial perspective, innovation and learning perspective, and internal business process perspective. The finding implies that Iraqi manufacturing industries can attain the performance of their companies in the different perspective of BSC by proper implementation of TQM technique.

Suggested Citation

  • Khalis Al-Naser & Rapiah Mohamed, 2017. "The Integration between Strategic Cost Management Techniques to Improve the Performance of Iraqi Manufacturing Companies," Asian Journal of Finance & Accounting, Macrothink Institute, vol. 9(1), pages 210223-2102, December.
    • Handle: RePEc:mth:ajfa88:v:9:y:2017:i:1:p:210223
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    References listed on IDEAS

    as
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    2. Mahfud Sholihin & Ayu Chairina Laksmi, 2009. "Total Quality Management, Balanced Scorecard and Performance," Jurnal Akuntansi dan Auditing Indonesia, Accounting Department, Faculty of Business and Economics, Universitas Islam Indonesia, vol. 13(1).
    3. Gholamhossein Mehralian & Jamal A. Nazari & Golnaz Nooriparto & Hamid Reza Rasekh, 2017. "TQM and organizational performance using the balanced scorecard approach," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 66(1), pages 111-125, January.
    4. Sandstrom, Jaana & Toivanen, Jouko, 2002. "The problem of managing product development engineers: Can the balanced scorecard be an answer?," International Journal of Production Economics, Elsevier, vol. 78(1), pages 79-90, July.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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