Linking the formal strategic planning process, planning flexibility, and innovativeness to firm performance

Clay Dibrell, Justin B. Craig and Donald O. Neubaum

Journal of Business Research, 2014, vol. 67, issue 9, 2000-2007

Abstract: This study explores the link between financial performance and the formal strategic planning process, planning flexibility, and innovativeness of 448 firms in a multi-industry sample. The results suggest that firms' formal strategic planning processes and planning flexibility are positively associated, and each is positively related to innovativeness. In addition, innovativeness fully mediates the relationships between firm performance and the formal strategic planning process and planning flexibility.

Keywords: Formal strategic planning; Planning flexibility; Innovativeness; Firm performance (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (36)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:67:y:2014:i:9:p:2000-2007

DOI: 10.1016/j.jbusres.2013.10.011

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