The Tenuous Link Between Formal Strategic Planning and Financial Performance
- 1 October 1987
- journal article
- Published by Academy of Management in Academy of Management Review
- Vol. 12 (4) , 658-675
- https://doi.org/10.5465/amr.1987.4306718
Abstract
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.Keywords
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