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STRATEGIC PLANNING AND FINANCIAL PERFORMANCE: MORE EVIDENCE*
Author(s) -
Capon Noel,
Farley John U.,
Hulbert James M.
Publication year - 1994
Publication title -
journal of management studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.398
H-Index - 184
eISSN - 1467-6486
pISSN - 0022-2380
DOI - 10.1111/j.1467-6486.1994.tb00335.x
Subject(s) - strategic planning , work (physics) , business , accounting , financial plan , strategic financial management , economics , marketing , finance , engineering , mechanical engineering
A recently published meta‐analysis of the impact of strategic planning on financial performance omitted a major study of corporate planning practice in Fortune 500 manufacturing firms. This article briefly reviews that study in light of the results of the meta‐analysis. Additional analysis examines performance and firm survival over a longer time period than in the original work. the overall conclusion is that a small but positive relationship between strategic planning and performance exists, and persists.