EconPapers    
Economics at your fingertips  
 

Dynamic strategic planning and firm competitive performance: A conceptualization and an empirical test

Divesh Ojha, Pankaj C. Patel and Sri V. Sridharan

International Journal of Production Economics, 2020, vol. 222, issue C

Abstract: Using the dynamic capabilities and flexible planning framework, we propose a Dynamic strategic planning (DSP) scale. We test for the nomological validity of Dynamic strategic planning using operational capabilities (OC) as a mediator. Using a survey of 267 US-based SMEs, we test for the mediation effect of operational capabilities (disaster immunity, innovation, product quality, delivery reliability, process flexibility, and cost leadership) between Dynamic strategic planning scale (clarity of vision, understanding of core capabilities, selecting strategic targets, shared responsibility, and taking action) and financial performance. Supporting the nomological argument that Dynamic strategic planning will be less efficacious directly and would be more effective when it is manifested through operational capabilities, the findings show that Dynamic strategic planning has a negative but non-significant association with financial performance; however, it positively influences financial performance through operational capabilities. Implications of the results are discussed with theoretical contributions and future research directions.

Keywords: Dynamic strategic planning; Operational capabilities; Financial performance; Dynamic capabilities (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0925527319303299
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:222:y:2020:i:c:s0925527319303299

DOI: 10.1016/j.ijpe.2019.09.030

Access Statistics for this article

International Journal of Production Economics is currently edited by R. W. Grubbström

More articles in International Journal of Production Economics from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-07-01
Handle: RePEc:eee:proeco:v:222:y:2020:i:c:s0925527319303299