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- W2010491102 abstract "Previous research on the effects of strategic planning on firm performance has yielded inconsistent and inconclusive findings. In this study, we use a recently validated measurement model of strategic planning to examine the planning-performance relationship in the California processing tomato industry. Results indicate a strong correlation between the degree of emphasis firms place on strategic planning and financial performance. Moreover, several specific strategic planning tools, specifically, the use of a mission statement, long-term goals, and ongoing evaluation, were also more heavily emphasized by high-performing firms. These results suggest that strategic planning does pay off in terms of improved financial performance and that some planning tools may have a significant impact. [Econ-Lit citations: L100, L660] © 2001 John Wiley & Sons, Inc." @default.
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- W2010491102 date "2001-01-01" @default.
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- W2010491102 title "Does it pay to plan?: Strategic planning and financial performance" @default.
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- W2010491102 doi "https://doi.org/10.1002/agr.1021" @default.
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