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The relevancy of strategic thinking in the role of management accounting systems for SME’s survivability: A new conceptual framework

This paper aims to present a novel conceptual model for long-term survival in the context of Pakistani SMEs. Researchers have long been interested in uncovering what makes certain entrepreneurs better to others, particularly in SMEs from emerging economies that are primarily concerned with their o...

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Main Authors: Mazuri, Abd Ghani, Safrul Izani, Mohd Salleh, Shahid, Latif
Format: Conference or Workshop Item
Language:English
Published: 2021
Subjects:
HD28 Management. Industrial Management
HF5601 Accounting
Online Access:http://eprints.unisza.edu.my/4238/1/FH03-FPP-21-56046.pdf
http://eprints.unisza.edu.my/4238/
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spelling my-unisza-ir.42382021-12-30T08:19:56Z http://eprints.unisza.edu.my/4238/ The relevancy of strategic thinking in the role of management accounting systems for SME’s survivability: A new conceptual framework Mazuri, Abd Ghani Safrul Izani, Mohd Salleh Shahid, Latif HD28 Management. Industrial Management HF5601 Accounting This paper aims to present a novel conceptual model for long-term survival in the context of Pakistani SMEs. Researchers have long been interested in uncovering what makes certain entrepreneurs better to others, particularly in SMEs from emerging economies that are primarily concerned with their own survivability. Scholarship has revealed that the desire for survival is deeply ingrained in the owners/managers of SMEs, as a result of which they endeavor to lessen their struggle for survival. Long-term survival, or sustainable survival, is arguably influenced by strategic thinking. When discussing the SME context, management accounting research has captured the attention of scholars due to its significance and application. Management accounting systems provide financial and nonfinancial data that stimulate the cognitive process. Certain management accounting tools, particularly at the strategic level, include “strategy mapping, analysis of core competencies, long-range and business planning, risk management, environmental impact assessment, value for money audits, value engineering or value analysis, competitor analysis”. We have argued in this conceptual paper that management accounting systems can activate strategic thinking cognitively, thereby enabling SMEs to sustain themselves in the long run. Thus, it is critical for SMEs to optimize management accounting systems because they can have a significant impact on their survival. Further, the presence of management accounting systems can bring robustness in planning, controlling and decision making in SMEs. 2021 Conference or Workshop Item PeerReviewed text en http://eprints.unisza.edu.my/4238/1/FH03-FPP-21-56046.pdf Mazuri, Abd Ghani and Safrul Izani, Mohd Salleh and Shahid, Latif (2021) The relevancy of strategic thinking in the role of management accounting systems for SME’s survivability: A new conceptual framework. In: 1st International Conference on Business Administration: Learning Through Innovation and Changing Dynamics of Business landscape, 11-12 Jun 2021, Lahore, Pakistan.
institution Universiti Sultan Zainal Abidin
building UNISZA Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Sultan Zainal Abidin
content_source UNISZA Institutional Repository
url_provider https://eprints.unisza.edu.my/
language English
topic HD28 Management. Industrial Management
HF5601 Accounting
spellingShingle HD28 Management. Industrial Management
HF5601 Accounting
Mazuri, Abd Ghani
Safrul Izani, Mohd Salleh
Shahid, Latif
The relevancy of strategic thinking in the role of management accounting systems for SME’s survivability: A new conceptual framework
description This paper aims to present a novel conceptual model for long-term survival in the context of Pakistani SMEs. Researchers have long been interested in uncovering what makes certain entrepreneurs better to others, particularly in SMEs from emerging economies that are primarily concerned with their own survivability. Scholarship has revealed that the desire for survival is deeply ingrained in the owners/managers of SMEs, as a result of which they endeavor to lessen their struggle for survival. Long-term survival, or sustainable survival, is arguably influenced by strategic thinking. When discussing the SME context, management accounting research has captured the attention of scholars due to its significance and application. Management accounting systems provide financial and nonfinancial data that stimulate the cognitive process. Certain management accounting tools, particularly at the strategic level, include “strategy mapping, analysis of core competencies, long-range and business planning, risk management, environmental impact assessment, value for money audits, value engineering or value analysis, competitor analysis”. We have argued in this conceptual paper that management accounting systems can activate strategic thinking cognitively, thereby enabling SMEs to sustain themselves in the long run. Thus, it is critical for SMEs to optimize management accounting systems because they can have a significant impact on their survival. Further, the presence of management accounting systems can bring robustness in planning, controlling and decision making in SMEs.
format Conference or Workshop Item
author Mazuri, Abd Ghani
Safrul Izani, Mohd Salleh
Shahid, Latif
author_facet Mazuri, Abd Ghani
Safrul Izani, Mohd Salleh
Shahid, Latif
author_sort Mazuri, Abd Ghani
title The relevancy of strategic thinking in the role of management accounting systems for SME’s survivability: A new conceptual framework
title_short The relevancy of strategic thinking in the role of management accounting systems for SME’s survivability: A new conceptual framework
title_full The relevancy of strategic thinking in the role of management accounting systems for SME’s survivability: A new conceptual framework
title_fullStr The relevancy of strategic thinking in the role of management accounting systems for SME’s survivability: A new conceptual framework
title_full_unstemmed The relevancy of strategic thinking in the role of management accounting systems for SME’s survivability: A new conceptual framework
title_sort relevancy of strategic thinking in the role of management accounting systems for sme’s survivability: a new conceptual framework
publishDate 2021
url http://eprints.unisza.edu.my/4238/1/FH03-FPP-21-56046.pdf
http://eprints.unisza.edu.my/4238/
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score 13.211869

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