Principles of Beyond Budgeting for Aston Jayapura Hotel and Convention Center

Cheryl Analicia and Wiyono Pontjoharyo ()
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Cheryl Analicia: University of Surabaya
Wiyono Pontjoharyo: University of Surabaya

A chapter in Proceedings of the 20th International Symposium on Management (INSYMA 2023), 2024, pp 99-104 from Springer

Abstract: Abstract As the capital of one major island in Indonesia, Jayapura’s nature attracts tourists to the city; of course, this will affect the regional economy. Safe and comfortable accommodation must support this opportunity to improve the regional economy. Therefore, hotels in Jayapura can meet these conditions by providing the best service and responding quickly to dynamic market changes. To respond to the changes, entities need flexible management and can innovate freely. Beyond budgeting, which acts as a tool can be used by entities to help them become more flexible in the face of sudden changes. This study assessed the readiness and need for an adaptive and flexible budget in a four-star Jayapura hotel, Aston Jayapura. The 12 principles of beyond budgeting are the primary indicator in this study. The result is that Aston Jayapura has implemented 6 principles well enough, so some are still open for improvement. All the findings indicate that the hotel needs to improve its budgeting quality due to the inefficient allocation of resources and being attached to the annual budget. Although the hotel has implemented half of the principles, Aston Jayapura needs a challenging effort to implement beyond budgeting. They can implement an adaptive and more flexible budget than they used to. Therefore, the recommendations could enhance the efforts for improvements and the focus to change for management flexibility.

Keywords: beyond budgeting; dynamic market changes; flexibility (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-244-6_18

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DOI: 10.2991/978-94-6463-244-6_18

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