Question

The vision of Unilever Ghana Limited is to gain a competitive superiority over its competitors in the same industry in Ghana.

Required:

b. Are there any obstructions to how this competitive superiority using this emerging accountancy tool could be harnessed by Unilever Ghana Limited?

Answer 1

b) Possible obstructions to how this competitive superiority using this emerging accountancy tool could be harnessed by Unilever Ghana Limited:

1. The implementation of the accounting tool might be challenging owing to resistance to change from the Company's own workers who have been accustomed to a certain way of accounting all through the years.

2. Financial resources is a glaring factor which might impact the implementation, incase the company does not have much capital bandwidth to finance the new emerging tool

3. Uncertainty that whether the business's systems and processes are commensurate with the new tool or are the changes to be made easy to implement

4. Data security and transparency issues, cyber security issues should be dealth with

5. Apart from the implementation part, when Unilever Ghana Ltd starts using this tool to manage its accounting operations, other industry peers and rivals might start copying this idea and come up with similar tool which will ultimately lead to no benefits via competitive superiority.

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