Zaid Jaradat, Ahmad AL-Hawamleh, Marwan Altarawneh, Saqer Al-Tahat and Muhannad Akram Nazzal
The purpose of this study is to investigate the effects of effective enterprise resource planning (ERP) system utilization on enterprise economic sustainability through product…
Abstract
Purpose
The purpose of this study is to investigate the effects of effective enterprise resource planning (ERP) system utilization on enterprise economic sustainability through product life cycle cost control.
Design/methodology/approach
Data were collected from key stakeholders in Jordanian industrial firms. These stakeholders included company managers, production managers, accounting heads and cost accounting staff. A comprehensive questionnaire was developed to gather their insights, ensuring a thorough understanding of their perspectives on the relationship between ERP systems, cost management and sustainability.
Findings
The study revealed that the effective use of ERP systems positively impacted the control of product life cycle costing, which in turn positively influenced the economic sustainability of enterprises in the Jordanian industrial sector. The study’s outcomes underscore the significance of investing in employee training to optimize the use of ERP systems and improve overall organizational performance.
Practical implications
The study offers insights for managers and policymakers in the Jordanian industrial sector, highlighting the importance of effectively implementing and utilizing ERP systems to control product life cycle costs and enhance economic sustainability.
Originality/value
This study contributes significantly to the existing literature by delving into the effects of effective ERP system utilization on enterprise economic sustainability through product life cycle cost control – an area that has not been extensively studied.
Details
Keywords
Zaid Jaradat, Ahmad Mtair AL-Hawamleh and Marwan Altarawneh
The aim of this study is to investigate technological and innovation orientation contribution to the development and sustainability of the industrial sector.
Abstract
Purpose
The aim of this study is to investigate technological and innovation orientation contribution to the development and sustainability of the industrial sector.
Design/methodology/approach
The authors gathered the perspectives of many experts who were aware enough of their company’s technical and innovation orientations to participate in this study to understand how technology and innovation orientations may affect sustainability and development. These people included the company managers, accounting department heads, IT department workers and employees in the innovation department. This was accomplished by distributing a thorough questionnaire intended to gather their perspectives.
Findings
The study’s results highlight the significant positive relationship between technological and innovation orientation. Moreover, the study demonstrates that both technological and innovation orientation were found to positively impact the sustainability and development of the industrial sector.
Practical implications
This study provides practical insights for policymakers, industrial managers and innovation supporters in Jordan. Managers can use these insights to reassess technology adoption and innovation strategies. Additionally, investing in staff skills and technology readiness can boost efficiency, competitiveness and long-term growth.
Originality/value
To the best of the authors’ knowledge, this study is pioneering research to shed light on the connection between technological orientation, innovation orientation and sustainability and development in the industrial sector, providing valuable insights for policymakers and practitioners alike.
Details
Keywords
Heba Hikal, Marwan Altarawneh, Ahmad AL-Hawamleh, Zaid Jaradat and Alya Elfedawy
This research focuses on the Metaverse's evolving trend and the potential application of blockchain technology in the accounting of virtual assets in this digital domain. The…
Abstract
This research focuses on the Metaverse's evolving trend and the potential application of blockchain technology in the accounting of virtual assets in this digital domain. The Metaverse introduces a new economy in which users may earn real-world revenue through virtual activities, necessitating the need for efficient and dependable virtual asset accounting. Blockchain technology, with its decentralized and immutable record, appears to be a viable answer to these problems. This chapter discusses the present status of blockchain technology for accounting for virtual assets in the Metaverse as well as its potential role for businesses and the economy. It also determines the technology's issues and limits and makes recommendations for further development. The findings indicate that blockchain technology has the potential to transform virtual asset accounting in the Metaverse by improving security, transparency, and consistency. However, scalability and legal/regulatory issues must be overcome before it can completely achieve its promise. Accounting experts, developers, and stakeholders interested in the convergence of blockchain technology and the Metaverse economy will find this chapter useful.