Better budgeting methods : a comparative effect analysis on traditional budgeting problems
Autor(a) principal: | |
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Data de Publicação: | 2015 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/18798 |
Resumo: | In today´s business environment, companies are forced to constantly adapt to ever changing internal and external influences. Yet, the traditional budgeting process with its inherent flaws has remained relatively stable for decades. In order to stay competitive, companies need to improve their budgeting process by implementing Better Budgeting methods. The aim of this research was to develop a framework that helps companies to identify their budgeting problems and address them more efficiently with fitting Better Budgeting methods. Through a detailed literature review, a comprehensive list of budgeting problems was developed and explained, which can act as a checklist for companies to evaluate which problems they are facing. In addition, a theoretical framework was developed that matches Better Budgeting methods and the respective traditional budgeting problems they are able to solve/decrease. A survey that tested the framework with actual organizations was used to validate the theoretical results. The results proved a strong correlation between the implementation of certain Better Budgeting methods and the reduction of certain traditional budgeting problems and therefore supported the managerial and academic value of the developed framework; however additional layers, such as company size, industry, or quality of method implementation need to be evaluated in order to increase precision of the framework. |
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Better budgeting methods : a comparative effect analysis on traditional budgeting problemsTraditional budgetingBetter budgetingBeyond budgetingActivity based budgetingRolling forecastBudgeting for outcomesExternal benchmarkingBalanced scorecardDomínio/Área Científica::Ciências Sociais::Economia e GestãoIn today´s business environment, companies are forced to constantly adapt to ever changing internal and external influences. Yet, the traditional budgeting process with its inherent flaws has remained relatively stable for decades. In order to stay competitive, companies need to improve their budgeting process by implementing Better Budgeting methods. The aim of this research was to develop a framework that helps companies to identify their budgeting problems and address them more efficiently with fitting Better Budgeting methods. Through a detailed literature review, a comprehensive list of budgeting problems was developed and explained, which can act as a checklist for companies to evaluate which problems they are facing. In addition, a theoretical framework was developed that matches Better Budgeting methods and the respective traditional budgeting problems they are able to solve/decrease. A survey that tested the framework with actual organizations was used to validate the theoretical results. The results proved a strong correlation between the implementation of certain Better Budgeting methods and the reduction of certain traditional budgeting problems and therefore supported the managerial and academic value of the developed framework; however additional layers, such as company size, industry, or quality of method implementation need to be evaluated in order to increase precision of the framework.No ambiente de negócios de hoje, as empresas são forçadas a adaptar-se constantemente para influências internas e externas sempre em mudança. No entanto, o processo orçamentário tradicional, com suas falhas inerentes, manteve-se relativamente estável ao longo de décadas. De forma a se manterem competitivas, as empresas precisam melhorar o seu processo orçamentário, através da aplicação de métodos de Melhoria de Orçamento. O objetivo desta pesquisa foi desenvolver uma estrutura, que auxilia as empresas a identificar os seus problemas de orçamento e resolvê-los de forma mais eficiente, com métodos de Melhoria de Orçamento apropriados. Através de uma revisão bibliográfica detalhada, uma lista abrangente de problemas de orçamento foi desenvolvida e explicada, que pode atuar como uma lista de verificação para as empresas para avaliar quais os problemas que eles estão enfrentando. Além disso, um quadro teórico de métodos foi desenvolvido, que corresponde os métodos de Melhoria de Orçamento e os problemas orçamentários tradicionais que são capazes de resolver/diminuir. Uma pesquisa que testou o quadro com organizações reais foi usada para validar os resultados teóricos. Os resultados comprovaram uma forte correlação entre a implementação de certos métodos de Melhoria de Orçamento e redução de certos problemas de orçamento tradicionais e portanto, apoiaram o valor gerencial e acadêmico do quadro desenvolvido; no entanto camadas adicionais, tais como o tamanho da empresa, a indústria, ou a qualidade de implementação do método, precisam ser avaliados, a fim de aumentar a precisão do enquadramento.Pardal, Paulo Manuel Barradas ModestoTapp, ThomasVeritati - Repositório Institucional da Universidade Católica PortuguesaWienhold, Marcus2015-12-10T15:40:05Z2015-11-0220152015-11-02T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/18798TID:201171325enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:24:32Zoai:repositorio.ucp.pt:10400.14/18798Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:15:40.630018Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Better budgeting methods : a comparative effect analysis on traditional budgeting problems |
title |
Better budgeting methods : a comparative effect analysis on traditional budgeting problems |
spellingShingle |
Better budgeting methods : a comparative effect analysis on traditional budgeting problems Wienhold, Marcus Traditional budgeting Better budgeting Beyond budgeting Activity based budgeting Rolling forecast Budgeting for outcomes External benchmarking Balanced scorecard Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Better budgeting methods : a comparative effect analysis on traditional budgeting problems |
title_full |
Better budgeting methods : a comparative effect analysis on traditional budgeting problems |
title_fullStr |
Better budgeting methods : a comparative effect analysis on traditional budgeting problems |
title_full_unstemmed |
Better budgeting methods : a comparative effect analysis on traditional budgeting problems |
title_sort |
Better budgeting methods : a comparative effect analysis on traditional budgeting problems |
author |
Wienhold, Marcus |
author_facet |
Wienhold, Marcus |
author_role |
author |
dc.contributor.none.fl_str_mv |
Pardal, Paulo Manuel Barradas Modesto Tapp, Thomas Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Wienhold, Marcus |
dc.subject.por.fl_str_mv |
Traditional budgeting Better budgeting Beyond budgeting Activity based budgeting Rolling forecast Budgeting for outcomes External benchmarking Balanced scorecard Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Traditional budgeting Better budgeting Beyond budgeting Activity based budgeting Rolling forecast Budgeting for outcomes External benchmarking Balanced scorecard Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
In today´s business environment, companies are forced to constantly adapt to ever changing internal and external influences. Yet, the traditional budgeting process with its inherent flaws has remained relatively stable for decades. In order to stay competitive, companies need to improve their budgeting process by implementing Better Budgeting methods. The aim of this research was to develop a framework that helps companies to identify their budgeting problems and address them more efficiently with fitting Better Budgeting methods. Through a detailed literature review, a comprehensive list of budgeting problems was developed and explained, which can act as a checklist for companies to evaluate which problems they are facing. In addition, a theoretical framework was developed that matches Better Budgeting methods and the respective traditional budgeting problems they are able to solve/decrease. A survey that tested the framework with actual organizations was used to validate the theoretical results. The results proved a strong correlation between the implementation of certain Better Budgeting methods and the reduction of certain traditional budgeting problems and therefore supported the managerial and academic value of the developed framework; however additional layers, such as company size, industry, or quality of method implementation need to be evaluated in order to increase precision of the framework. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-12-10T15:40:05Z 2015-11-02 2015 2015-11-02T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/18798 TID:201171325 |
url |
http://hdl.handle.net/10400.14/18798 |
identifier_str_mv |
TID:201171325 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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