Linking Strategic Planning and Budgeting in Higher..., 2006

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Title
Linking Strategic Planning and Budgeting in Higher Education: Problems in Differential Time Horizons
Date
2006
Material Type
Journal Article
Creator/Author
Popejoy, Michael W., Profed
Additional Contributors
Wright, Dianne A., Florida Atlantic University
Publisher
Association for the Advancement of Educational Research
Copyright
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.
Peer-reviewed
Peer-reviewed
Subject
Public budgeting; Higher education; Strategic planning; Budget process; Universities and colleges -- Finance; Fiscal year;
Description
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.
Source
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
Language
English
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