Journal ArticleDOI
Planning and performance in Australian retailing
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In this article, the authors report that high quality planning is associated with a high level of performance, as measured by improvement in profits, rates of return on invested capital and rates of increase in total funds employed.About:
This article is published in Long Range Planning.The article was published on 1978-06-01. It has received 64 citations till now. The article focuses on the topics: Return on capital & Invested capital.read more
Citations
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Strategic Planning and Firm Performance: A Synthesis of More Than Two Decades of Research
C. Chet Miller,Laura B. Cardinal +1 more
TL;DR: This article developed an encompassing contingency model that might explain the inconsistent planning-performance findings reported in previous research and empirically tested the model using meta-analytic data drawn from 26 previously published studies, concluding that strategic planning positively influences firm performance and that methods factors are primarily responsible for the inconsistencies reported in the literature.
Journal ArticleDOI
The Tenuous Link Between Formal Strategic Planning and Financial Performance
TL;DR: In this article, a systematic critical review of 18 relevant empirical studies allows valuable insights into the planning-performance controversy and discloses controllable methodological inconsistencies and contingency variable interactions, an awareness of which can improve research designs.
Journal ArticleDOI
The impact of formalized strategic planning on financial performance in small organizations
TL;DR: Results suggest that managers responsible for strategic planning activity in smaller organizations do not appear to benefit from a highly formalized planning process, extensive written documentation, or the use of mission and goal identification as the beginning of a strategic planning process.
Journal ArticleDOI
Strategic planning and financial performance: a meta‐analytic review*
TL;DR: This article used meta-analysis to aggregate the results of 29 samples on a total of 2496 organizations and found modest correlations between planning and nine performance measures, but these findings underestimate the true relationship between strategic planning and performance.
Journal ArticleDOI
Strategy formulation processes: Differences in perceptions of strength and weaknesses indicators and environmental uncertainty by managerial level
TL;DR: Results from the research reported herein support the notion that managers' perceptions of the indicators of a firm's strengths and weaknesses, and of environmental uncertainty, vary by managerial level.
References
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Journal ArticleDOI
Managing Strategic Surprise by Response to Weak Signals
TL;DR: In this article, the authors developed a technique for early identification of early strategic signals and a method for matching the firm's response to the quality of information, and a real-time planning system, called strategic issue management, was developed.
Journal ArticleDOI
Where long-range planning pays off Findings of a survey of formal, informal planners
Stanley S. Thune,Robert J. House +1 more
TL;DR: In this paper, the authors have studied firms in six industrial groups and summarized their findings, which show that formal planners significantly outperform informal planners with respect to five economic measures, and they bettered the records they achieved before formal planning was adopted.
Journal ArticleDOI
Long-Range Planning And Organizational Performance: A Cross-Valuation Study
TL;DR: In this paper, the authors attempt to validate and extend a study by Thune & House on the performance of formal planners vs informal planners and a new independent variable, profits, was used to cross-validate the results.
Journal ArticleDOI
Pitfalls in multi-national long-range planning
TL;DR: In this paper, the authors argue that too many companies are not getting the benefits which should be produced by their long-range planning systems, and they concentrate on the major pitfalls that should be avoided in order to ensure good results.
Related Papers (5)
The impact of formalized strategic planning on financial performance in small organizations
Where long-range planning pays off Findings of a survey of formal, informal planners
Stanley S. Thune,Robert J. House +1 more