Effect of the Kaizen costing approach on the reduced costs, competitive advantage, and rationalising strategic cost management of industrial companies listed on the Amman stock exchange in Jordan

Abstract

This research examines the effect of using the Kaizen costing approach to reduce company costs and achieve a competitive advantage for the industrial companies listed on the Amman Stock Exchange (ASE). The study utilised a deductive approach, and the data was collected from the Jordanian industrial companies through 130 managers, and employees. We found that reducing costs will enable achievement of a competitive advantage and rationalise strategic cost management. If the listed industrial ASE companies want to improve their performance effectively, and efficiently, we recommend that they focus and work on developing Kaizen costs and hold training courses for their employees.