Principles of Beyond Budgeting for Aston Jayapura Hotel and Convention Center

DOI

10.2991/978-94-6463-244-6_18How to use a DOI?

Keywords

beyond budgeting; dynamic market changes; flexibility

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.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Cheryl Analicia
AU  - Wiyono Pontjoharyo
PY  - 2023
DA  - 2023/09/30
TI  - Principles of Beyond Budgeting for Aston Jayapura Hotel and Convention Center
BT  - Proceedings of the 20th International Symposium on Management (INSYMA 2023)
PB  - Atlantis Press
SP  - 99
EP  - 104
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-244-6_18
DO  - 10.2991/978-94-6463-244-6_18
ID  - Analicia2023
ER  -