The National Development Plan (NDP) of South Africa stipulates that the higher
education sector should be an agent for change in a country that is facing a plurality
of socio-economic challenges. Achieving this is difficult as the amount of resources
being made available to the higher educational sector is limited and steadily
decreasing. Given this context, it is of the utmost importance that funding allocated to
the higher education sector be utilised in an optimal manner. An efficient budget is
one tool that can assist in optimising the allocation of limited resources.
The study investigated the critical factors that might play a role in creating an
environment where efficient budgets could be produced, specifically in the higher
educational sector. Two critical factors were identified in the study: firstly, giving
budgets a strategic focus and secondly, the role the human element plays as part of
an effective budget.
An empirical study was conducted to investigate whether the existence or nonexistence
of the abovementioned factors influenced the perceived effectiveness of
budgets in an institution. It was found that communication of strategic and budgetary
goals, as well as managerial involvement, can play an important role in creating a
budgetary environment where employees are motivated to prepare effective budgets. / MBA, North-West University, Potchefstroom Campus, 2015
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:nwu/oai:dspace.nwu.ac.za:10394/15582 |
| Date | January 2014 |
| Creators | Steyn, Zacharias Jacobus |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
Page generated in 0.0057 seconds