The Role of Integration between Green Target Costing and Time-driven Product Life Cycle Budgeting Techniques in Achieving Sustainable Competitive Advantage

Abstract

Green target costing and time-driven product life cycle budgeting are among the most essential contemporary strategic techniques in cost and management accounting, which, when integrated, can enable economic units to achieve sustainable competitive advantage by reducing cost, reducing time, improving quality, and improving production flexibility. The current research aims to study the complementary relationship of the two techniques above through application in one of the factories of the General Company for Electrical and Electronic Industries, which is the air-cooled motors factory. To achieve this goal, the researchers relied on data obtained through field coexistence from the factory records when applying the two techniques. As for the most important conclusions that the researchers have reached, the most important of them is what confirms that the integration between green target costing and time-driven product life cycle budgeting is likely to lead to a significant improvement in terms of reducing resource consumption, reducing cost, reducing response time, and improving the level of quality, in addition to preserving the environment from pollution and reducing harmful emissions, which may be reflected in achieving sustainable competitive advantage.