The Tenuous Link between Formal Strategic Planning and Financial Performance

The Tenuous Link between Formal Strategic Planning and Financial Performance

Although the effect of formal strategic planning on organization effectiveness remains an unresolved issue, a systematic critical review of 18 relevant empirical studies allows valuable insights into the planning-performance controversy. The analysis discloses controllable methodological inconsisten...

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Veröffentlicht in:The Academy of Management review 1987-10, Vol.12 (4), p.658-675
Hauptverfasser: Pearce, John A., Freeman, Elizabeth B., Robinson, Richard B.
Format: Artikel
Sprache:eng
Schlagworte:
Banks
Business structures
Chemicals industries
Corporate planning
Corporate strategies
Effectiveness
Financial management
Financial planning
Measurement
Profit planning
Project planning
Questionnaires
Strategic planning
Studies
Systematic review
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Beschreibung
Zusammenfassung:Although the effect of formal strategic planning on organization effectiveness remains an unresolved issue, a systematic critical review of 18 relevant empirical studies allows valuable insights into the planning-performance controversy. The analysis discloses controllable methodological inconsistencies and contingency variable interactions, an awareness of which can improve research designs.
ISSN:0363-7425
1930-3807
DOI:10.2307/258071