The impact of grand strategy and planning formality on financial performance

John A. Pearce, D. Keith Robbins and Richard B. Robinson

Strategic Management Journal, 1987, vol. 8, issue 2, 125-134

Abstract: An empirical study involving 97 manufacturing firms that averaged $20 million in annual sales yielded a strong positive correlation between the degree of planning formality and firm performance. Additionally, interactive analysis disclosed that this relationship pervaded various grand strategies; the implication being that formalized strategic planning was consistently a positive factor associated with high levels of organizational performance.

Date: 1987
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