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

Clay Dibrell; Justin B. Craig; Donald O. Neubaum

doi:10.1016/j.jbusres.2013.10.011

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 journal › Article › Research › peer-review

152 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 language	English
Pages (from-to)	2000-2007
Number of pages	8
Journal	Journal of Business Research
Volume	67
Issue number	9
DOIs	https://doi.org/10.1016/j.jbusres.2013.10.011
Publication status	Published - 2014
Externally published	Yes

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10.1016/j.jbusres.2013.10.011

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

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.",

author = "Clay Dibrell and Craig, \{Justin B.\} and Neubaum, \{Donald O.\}",

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AU - Dibrell, Clay

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AU - Neubaum, Donald O.

PY - 2014

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N2 - 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.

AB - 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.

UR - https://www.scopus.com/pages/publications/84901625106

U2 - 10.1016/j.jbusres.2013.10.011

DO - 10.1016/j.jbusres.2013.10.011

M3 - Article

AN - SCOPUS:84901625106

SN - 0148-2963

VL - 67

SP - 2000

EP - 2007

JO - Journal of Business Research

JF - Journal of Business Research

IS - 9

ER -

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

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