Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1017420 | Journal of Business Research | 2007 | 8 Pages |
Abstract
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.
Keywords
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Clay Dibrell, Justin B. Craig, Donald O. Neubaum,