Budgets and Performance Metrics in Modern Organizations. Preliminary Insights into the Budgeting Process of Higher Education Institutions

Abstract

The interconnections between budgets and performance metrics in modern organizations, respectively in higher education institutions (HEIs), stands for an interesting and topical area of interest for both scholars and practitioners. Budget development and execution as well as the analysis of performance indicators can provide a different perspective on how to manage them not only from a short-term financial perspective but also on the overall long-term development capacity. It has manifold organizational and managerial implications, therefore providing insights into the benefits and inherent shortcomings of relying on financial and non-financial performance indicators related to budgets in the educational context emerges as a first step towards an empirical-driven analysis. In this sense, the current study represents a preliminary exploration of the relationships between budgets and performance metrics in HEIs, a first step toward more refined scrutiny.

Keywords

• budget
• performance metrics
• higher education institutions (heis)
• modern organizations.