The Role of Budgetary Planning in Supporting Competitive Advantages: A study on a sample of Saudi industrial companies operating in Jeddah

Abstract

The main objective of the current study is to examine the role of budgetary planning to support the competitive advantages in incubation at the Saudi Industries. To achieve the research objectives, the study adopts the descriptive analytical and correlation approaches. A survey questionnaire has been used as a tool to collect the primary data. A simple random sample was selected to represent the population of the study with size (1119). The questionnaire was distributed to the target sample of size (286). The researcher was able to receive around 165 valid responses. The statistical Package for social sciences SPSS has been used for data entering and analysis. Suitable statistical techniques have been used for data analysis. The study concluded with various findings among the most important ones: proved that, there i a significant effect of budgetary planning on the competitive advantages as the coefficient of determination R² = 0.41. In addition to its role to enhance the companies competitiveness and supporting the market quota. The study also recommended that, the concept of budgetary planning is considered as one of the recent managerial tools due to its effectiveness in improvement of performance, and its effect in control of products costs, which is important for supporting competitive advantages.