This study explores the link between financial performance and the formal strategic planning process, planning flexibility, and innovativeness of 448 firms in a multi-industry sample. The results suggest that firms' formal strategic planning processes and planning flexibility are positively associated, and each is positively related to innovativeness. In addition, innovativeness fully mediates the relationships between firm performance and the formal strategic planning process and planning flexibility. (C) 2013 Elsevier Inc. All rights reserved.
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Georgia State Univ, Andrew Young Sch Policy Studies, Atlanta, GA 30303 USAGeorgia State Univ, Andrew Young Sch Policy Studies, Atlanta, GA 30303 USA
机构:
Univ Missouri, Bloch Sch 318, Kansas City, MO 64110 USA
Univ Twente, Inst Governance Studies, Enschede, NetherlandsUniv Missouri, Bloch Sch 318, Kansas City, MO 64110 USA
Song, Michael
Im, Subin
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San Francisco State Univ, San Francisco, CA 94132 USA
Univ Washington, Tacoma, WA USA
Hynix Semicond Inc, Inchon, South Korea
California Banks, Los Angeles, CA USAUniv Missouri, Bloch Sch 318, Kansas City, MO 64110 USA
Im, Subin
van der Bij, Hans
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Univ Groningen, Dept Econ & Business, NL-9700 AB Groningen, Netherlands
Univ Groningen, SOM Res Inst, NL-9700 AB Groningen, NetherlandsUniv Missouri, Bloch Sch 318, Kansas City, MO 64110 USA
van der Bij, Hans
Song, Lisa Z.
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GlobalTech & Investment Management, San Diego, CA USAUniv Missouri, Bloch Sch 318, Kansas City, MO 64110 USA