Accounting Control Systems, Open Innovation and Sustainable Competitive Advantage
Abstract
The purpose of the study is to study whether management accounting and control systems (MACS) and intellectual capital (IC) reflect the sustainability competitive advantage (SCA) of the companies concerned. Where a greater focus on open innovation occurs, it may require a different emphasis on management accounting practices compared to companies where they do not feature strongly. It is assumed to be important that management recognise and act on this in order to improve firms’ sustainability competitive advantage. This study is expected to show that the level of open innovation (OI), as expected to be a major source of corporate competitive advantage, influences the practice of management accounting and control systems and intellectual capital. Whilst the literatures place considerable attention on (close) innovation purposes, far less attention has been given so far to the implications of open innovation for managerial accounting practice. This research addresses this omission. The methodology of this study is a literature review.
Keywords: open innovation, management accounting and control systems, intellectual capital, sustainable competitive advantage, pharmaceutical company.
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