The Role of Accounting Software in Enhancing the Entrepreneurial Ecosystem in the Manufacturing Industry Sector in the Iraqi Kurdistan Region
DOI:
https://doi.org/10.21928/juhd.v10n1y2024.pp31-41Keywords:
Accounting software, Entrepreneurial ecosystem, Manufacturing industry sector, Company performance, Competitive advantageAbstract
The use of accounting software technology has become an essential component of a successful entrepreneurial ecosystem. Performance and competitive advantage are key indicators of the effectiveness of the entrepreneurial ecosystem and its ability to support the growth and sustainability of companies, including the establishment of new ventures. Performance refers to the ability of companies to achieve its goals, while competitive advantage refers to its ability to outperform competitors This research explores the extent to which the use of accounting software technology impacts the available opportunities for entrepreneurs, facilitates informed decision-making processes, and contributes to the enhancement of the entrepreneurial ecosystem. It provides insights into the potential benefits and challenges that entrepreneurs may encounter when using such software. A descriptive-analytical approach was employed, and survey tools were designed and developed on the basis of previous studies. Questionnaires were distributed to executive specialists in the manufacturing industry sector in the Iraqi Kurdistan Region, using email and social media platforms to reach participants. The research findings, obtained through various parametric statistical tests, reveal the current status and requirements for efficient utilization and implementation of accounting software, as well as its role in enhancing the entrepreneurial ecosystem. The results demonstrate that effective use of accounting software can enhance the entrepreneurial ecosystem by improving performance and competitive advantage for companies in the manufacturing industry sector. According to the research outcome, entrepreneurs should invest in continuously providing and updating accounting software, while also developing the skills of their accountants to efficiently and effectively use such software. Furthermore, the research findings indicate the potential use of accounting software to facilitate disclosure and transparency processes required for the implementation of corporate governance standards, ensuring the interest protection of all stakeholders. Finally, future research suggestions are presented on the basis of identified new gaps.
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