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A measurement model of strategic planning
Author(s) -
Boyd Brian K.,
ReuningElliott Elke
Publication year - 1998
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/(sici)1097-0266(199802)19:2<181::aid-smj945>3.0.co;2-z
Subject(s) - conceptualization , normative , strategic planning , reliability (semiconductor) , consistency (knowledge bases) , management science , measure (data warehouse) , variable (mathematics) , curse of dimensionality , key (lock) , computer science , business , marketing , economics , mathematics , political science , artificial intelligence , data mining , mathematical analysis , power (physics) , physics , computer security , quantum mechanics , law
While strategic planning is a key concept in management research, there has been little consistency in its conceptualization or measurement. Our review of prior studies also identifies reliability and validity, dimensionality, crude levels of measurement, and lack of parsimony as additional problems associated with prior use of this variable. Such problems substantially limit our ability to compare results across studies, or to make appropriate normative recommendations. We address these concerns by developing and validating a multiple indicator measure of strategic planning, using two independent samples. Implications for future research are then discussed. © 1998 John Wiley & Sons, Ltd.