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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

Author

Listed:
  • Al-Kawaz Salah Mahdi Jawad

    (University of Kerbala, College of Administration and Economics, Kerbala, IRAQ)

  • Al-Daami Ahmed Naser Abbas

    (University of Kerbala, College of Administration and Economics, Kerbala, IRAQ)

  • Abbas Ali Abdulhassan

    (University of Kerbala, College of Administration and Economics, Kerbala, IRAQ)

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.

Suggested Citation

  • Al-Kawaz Salah Mahdi Jawad & Al-Daami Ahmed Naser Abbas & Abbas Ali Abdulhassan, 2023. "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," Foundations of Management, Sciendo, vol. 15(1), pages 187-208, January.
    • Handle: RePEc:vrs:founma:v:15:y:2023:i:1:p:187-208:n:6
    DOI: 10.2478/fman-2023-0014
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    References listed on IDEAS

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    1. Dirar Abdulhameed Altoum Alotaibi & Salah Mahdi Jawad Al-Kawaz & Ali Abdulhassan Abbas, 2021. "Improving Product Quality under the Application of Lean Accounting Tools within the Behavioral Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 11(2), pages 76-87.
    2. Baumann, Chris & Hoadley, Susan & Hamin, Hamin & Nugraha, Albert, 2017. "Competitiveness vis-Ã -vis service quality as drivers of customer loyalty mediated by perceptions of regulation and stability in steady and volatile markets," Journal of Retailing and Consumer Services, Elsevier, vol. 36(C), pages 62-74.
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    More about this item

    Keywords

    time-driven; activity-based budgeting; target costing; time management; cost management;
    All these keywords.

    JEL classification:

    • 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
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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