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

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

*Corresponding author for this work

Research output: Contribution to journalArticleResearchpeer-review

76 Citations (Scopus)
3 Downloads (Pure)

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.

Original languageEnglish
Pages (from-to)2000-2007
Number of pages8
JournalJournal of Business Research
Volume67
Issue number9
DOIs
Publication statusPublished - 2014
Externally publishedYes

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