Planning and financial performance among small firms in a growth industry

Jeffrey S. Bracker, Barbara W. Keats and John N. Pearson

Strategic Management Journal, 1988, vol. 9, issue 6, 591-603

Abstract: This paper examines the relationship between planning process sophistication and the financial performance of a select group of small firms in a growth industry. Multivariate analysis of variance is used to identify statistically significant differences between firms that employ sophisticated plans and those that do not. The results support previous research on strategic planning and financial performance.

Date: 1988
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