Linking Strategic Planning and Budgeting in Higher Education: Problems in Differential Time Horizons
Popejoy, Michael W., Profed
Wright, Dianne A., Florida Atlantic University
Association for the Advancement of Educational Research
Copyright 2006 by Association for the Advancement of Educational Research. This material is copyrighted, and any further reproduction or distribution is prohibited without the permission of the copyright owner.
Public budgeting; Higher education; Strategic planning; Budget process; Universities and colleges -- Finance; Fiscal year;
It is critical to effective organizational planning that close linkages are developed to coordinate the budget development process with the strategic planning process in higher education. Currently, in most settings, annual budgets and multiyear strategic plans have not been effectively intertwined. The key difficulty is the long-term focus of strategic planning and the short-term focus of operating budgets (Meisinger, 1994). To correct this problem of differential time horizons, new models of budgeting are needed to link operating budgets more directly to the organization's long-term strategic plan. More specifically, a new strategic budget planning process model is required. Theory building and pedagogy in multiyear operating budget processes is also needed.
Popejoy, Michael W., Wright, Dianne A. "Linking Strategic Planning and Budgeting in Higher Education: Problems in Differential Time Horizons" in Journal for the Advancement of Educational Research. Spring 2006. 1:2