Research on the Influence of Strategic Management Accounting on the Competitive Advantage of Manufacturing Enterprises in Hanoi City

Le Thi Lan

doi:10.56201/jafm.vol.11.no9.2025.pg183.190

📄 Download Paper

Research on the Influence of Strategic Management Accounting on the Competitive Advantage of Manufacturing Enterprises in Hanoi City

Le Thi Lan

Abstract

This study aims to systematize the theory and analyze the influence of strategic management accounting (SMA) on the competitive advantage (CA) of manufacturing enterprises in Hanoi city. To achieve this objective, the paper employs a qualitative research method, primarily through desk research, by systematically synthesizing and analyzing secondary data from scientific works, industry reports, and statistical data. The research findings affirm a positive relationship between the adoption of SMA and the ability to build CA through both fundamental competitive strategies: cost leadership and differentiation. However, the analysis of the current situation reveals that the application of SMA tools in manufacturing enterprises in Hanoi is still very limited and uneven, especially among small and medium-sized enterprises (SMEs), due to barriers related to leadership awareness, implementation costs, a lack of human resources with strategic skills, and an organizational culture resistant to change. These findings have significant practical importance, indicating that enterprises are missing out on an effective management tool to enhance their competitiveness. Therefore, the study proposes specific policy and managerial implications for managers, government agencies, and educational institutions to promote the dissemination of SMA. The novelty of the study lies in providing a comprehensive and in-depth overview, based on a synthesis of literature, of this relationship within the specific context of Hanoi, a gap not fully addressed by previous research.

Keywords

Strategic management accountingcompetitive advantagemanufacturing enterprises

References

Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of management, 17(1), 99-120. Bromwich, M. (1990). The case for strategic management accounting: The role of accounting information for strategy in competitive markets. Accounting, Organizations and Society, 15(1-2), 27-46. https://doi.org/10.1016/0361-3682(90)90011-I Cadez, S., & Guilding, C. (2008). An exploratory investigation of an integrated contingency model of strategic management accounting. Accounting, organizations and society, 33(7-8), 836- Chenhall, R. H., & Langfield-Smith, K. (1998). The relationship between strategic priorities, management techniques and management accounting: an empirical investigation using a systems approach. Accounting, organizations and society, 23(3), 243-264. Cooper, R., & Kaplan, R. S. (1988). Measure costs right: make the right decisions. Harvard business review, 66(5), 96-103. Grinyer, J. R., & Daing, N. I. (1993). The use of abandonment values in capital budgeting—a research note. Management Accounting Research, 4(1), 49-62. Guilding, C., Cravens, K. S., & Tayles, M. (2000). An international comparison of strategic management accounting practices. Management accounting research, 11(1), 113-135. Johnson, H. T., & Kaplan, R. S. (1987). Relevance lost: The rise and fall of management accounting. Harvard Business School Press. Kaplan, R. S., & Norton, D. P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business School Press. Kaplan, R. S., & Norton, D. P. (2005). The balanced scorecard: measures that drive performance. Harvard Business Review. Lord, B. R. (1996). Strategic management accounting: the emperor's new clothes? Management Accounting Research, 7(3), 347-366. https://doi.org/10.1006/mare.1996.0020 Ma, Y., & Tayles, M. (2009). On the emergence of strategic management accounting: an institutional perspective. Accounting and Business research, 39(5), 473-495. Pham. H. H. (2023). ?nh h??ng c?a th?c hành k? toán qu?n tr? chi?n l??c ??n s? hài lòng c?a nhân viên trong doanh nghi?p. Porter, M. E. (2008). Competitive advantage: Creating and sustaining superior performance. Simon and Schuster. Shank, J. K., & Govindarajan, V. (1993). Strategic Cost Management: The New Tool for Competitive Advantage. The Free Press. Simmonds, K. (1982). Strategic management accounting. Management Accounting (UK), 59(4), 26– 29.

Research on the Influence of Strategic Management Accounting on the Competitive Advantage of Manufacturing Enterprises in Hanoi City

Abstract

Keywords

References

More Articles from JOURNAL OF ACCOUNTING AND FINANCIAL MANAGEMENT