BEYOND TRADITIONAL BUDGETING: A STRATEGIC COST MANAGEMENT FRAMEWORK FOR ENHANCING COST EFFICIENCY IN HIGHER EDUCATION

Amanpreet Kaur and Alka
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Amanpreet Kaur: SCD Government College, Ludhiana
Alka: SCD Government College, Ludhiana

Journal of Advance Research in Business, Management and Accounting, 2026, vol. 12, issue 3, 11-21

Abstract: The study develops a conceptual model that links budgeting systems with strategic cost management to explain their role in enhancing the cost efficiency of higher education institutions. Strategic Cost Management is conceptualised as a mediating mechanism that facilitates the identification of organisational inefficiencies and supports optimal resource utilisation. This approach allows organisations in the education sector to move beyond routine cost control toward achieving cost efficiency while maintaining the quality of teaching, research, and administrative performance. The model further incorporates corporate governance and organisational flexibility as contextual factors that influence the effectiveness of budgeting and cost management systems. By integrating budgeting systems with strategic cost management, this study provides a structured framework for understanding how financial planning contributes to cost efficiency and overall institutional performance. The proposed model addresses an important gap in the management accounting literature and offers practical implications for administrators seeking to improve financial effectiveness in the higher education landscape.

Keywords: Budgeting Systems; Strategic Cost Management; Cost Efficiency; Organizational Performance; Educational Institutions (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:etq:jarbma:41

DOI: 10.61841/nn-bma-12-3-41

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