Working agile is common in the space of software development, but in other industries and organizational functions an interest has developed in the subject. Mainly because working agile have shown several benefits for teams working with those methodologies. Especially flexibility is one commonly mentioned benefit of teams that adopt agile values and principles. Hence, the research is trying to answer: How do agile values influence flexibility in budgeting processes, and what barriers hinders their adoption? Flexibility is one key characteristic of successful companies in today’s turbulent market environment. Changes in the market environment are caused by war, inflation, and other geopolitical factors. This is changing the playground for companies that must be flexible for changes in prices, customer demand, investment opportunities and more. To identify critical areas related to these issues this paper will investigate budgeting processes, hence the budget is the foundation for everything the business will do in the upcoming period, for example, how much sales will bring into the business or how much they will set aside for investments.Therefore, this research focuses on the influence agile values and principles have on flexibility within budgeting processes and teams. Through a qualitative interpretive approach, the thesis sought to understand agile values' influence on flexibility. By collecting data through semistructured interviews and later analysing thematically to find patterns and meaning among participants working within the budgeting process at different companies, the research question could be answered.Finally, the findings demonstrate a positive correlation between adherence to agile values and increased budgeting flexibility. Firms with high compliance exhibited greater adaptability compared to those with lower compliance. The study also found three key barriers hindering adoption of agile values in budgeting. Keywords: “Agile Principles”, “Agile”, “Managerial Accounting”, “Agility”, “Management Accounting”, “Management Accounting”, “Budgeting”, & “Agile methodology”.
Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:umu-227200 |
Date | January 2024 |
Creators | Ljungblahd, David, Lindberg, Eric |
Publisher | Umeå universitet, Företagsekonomi |
Source Sets | DiVA Archive at Upsalla University |
Language | English |
Detected Language | English |
Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
Format | application/pdf |
Rights | info:eu-repo/semantics/openAccess |
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