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Strategic Planning and Firm Performance: A Proposed Framework

Year: 2015
Type: article
Abstract: Organizational performance still becomes an important concept in the strategic management studies.Many researchers have used it as a focus of study and try to determine what are the factors that might contribute to the performance. Strategic planning is believed to be able to drive organization to achieve better performance.The aim of this study is to examine whether strategic planning will assist business firms to uplift its performance.The literature suggests some dimensions of strategic planning to be tested, namely: formality, tools of strategic planning, employee participation, strategic implementation, time horizon and control.
Language: English
Open Access status: green
OpenAlex ID: W2307027509
FWCI: 0.749
Cites: 53
Cited by: 25
Related to: 10