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| Author: | Ghobadian, A. (et al.) |
| Title: | Formal strategic planning, operating environment, size, sector and performance |
| Journal: | Journal of General Management
2008 : WINTER, VOL. 34:2, p. 1-20 |
| Index terms: | strategic planning company performance manufacturing small and medium-sized enterprises (SMEs) United Kingdom |
| Language: | eng |
| Abstract: | Researchers of strategic management have been interested for a long time in the relationship (as: r-ship.) btw. strategic planning (hereafter as: str-plng.) and firm performance (as: perf). This paper examines the following key research questions relevant to both practice and theory: 1. the r-ship. btw. the formality of str-plng. and a wide range of perf. measures, 2. the r-ship. btw. three contingency factors, size, sector and environment, in addition to the incidence of formal planning and the level of formality. The effects of munificence and turbulence are very interesting ones. The link between str-plng. formality and perf. is suggested to be tenuous. However, managers tend to deploy str-plng. widely in diffcult market environments. It is concluded that str-plng. is seen to enhance a firm's survival chances, but not necessarily its short term performance. |
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