Excellence, Planning, and Performance

Vasudevan Ramanujam and N. Venkatraman
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Vasudevan Ramanujam: The Weatherhead School of Management, Case Western Reserve University, Cleveland, Ohio 44106
N. Venkatraman: Sloan School of Management, Massachusetts Institute of Technology, 50 Memorial Drive, Cambridge, Massachusetts 02139

Interfaces, 1988, vol. 18, issue 3, 23-31

Abstract: In an effort to empirically test three propositions linking excellence, planning, and performance, 41 of Peters and Waterman's [Peters, T., R. Waterman. 1982. In Search of Excellence: Lessons from America's Best Run Companies . Harper and Row, New York.] excellent companies were compared with two benchmark samples---matched according to size and industry grouping---of North American companies. Our results indicate that excellence and performance are not synonymous, and that the planning processes of excellent firms are generally not significantly different from those of the two benchmark samples. In addition, by analyzing four “traits” of excellence, we show that the popular traits of excellence are not the exclusive preserve of the so-called excellent companies.

Keywords: strategic; management; planning (search for similar items in EconPapers)
Date: 1988
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