Linking the formal strategic planning process, planning flexibility, and innovativeness to firm performance

被引:106
|
作者
Dibrell, Clay [1 ]
Craig, Justin B. [2 ]
Neubaum, Donald O. [3 ]
机构
[1] Univ Mississippi, Sch Business Adm, University, MS 38677 USA
[2] Northeastern Univ, DAmore McKim Sch Business, Boston, MA 02115 USA
[3] Oregon State Univ, Coll Business, Corvallis, OR 97331 USA
关键词
Formal strategic planning; Planning flexibility; Innovativeness; Firm performance; STRUCTURAL EQUATION MODELS; RESOURCE-BASED VIEW; MARKET ORIENTATION; COMPETITIVE ADVANTAGE; NATURAL-ENVIRONMENT; FIT INDEXES; MANAGEMENT; INTEGRATION; DESIGN; DEBATE;
D O I
10.1016/j.jbusres.2013.10.011
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:2000 / 2007
页数:8
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