Strategic Planning and Financial Performance in UK SMEs: Does Formality Matter?
作者:
Peter McKiernan,
Clare Morris,
期刊:
British Journal of Management
(WILEY Available online 1994)
卷期:
Volume 5,
issue 1
页码: 31-41
ISSN:1045-3172
年代: 1994
DOI:10.1111/j.1467-8551.1994.tb00128.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
SUMMARYThe majority of the literature on corporate performance in SMEs has indicated that the absence of formal strategic planning (or inadequacies in its process) can be directly linked with failure, while its presence can be linked to success (Bracker and Pearson, 1986; Stoner, 1983). However, other empirical evidence fails to find a relationship (Robinson and Pearce, 1983). These differences are due to methodological and theoretical problems facing research in this domain. This paper attempts to improve on both issues. The hypothesis that ‘formal planning is not associated with better‐than‐average performance’ is tested on a sample of SMEs, controlled by sector, using a 5‐year operating period. Five measures of financial performance are utilized, including both the arithmetic and geometric measurements of central tendency as appropriate. Moreover, perceptions of CEOs, rather than the aggregation of scale‐based measurements of organizational variables, are used to prescribe the measure of formality used in t
点击下载:
PDF
(1024KB)
返 回