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

Journal of Business Research

Volumn 67, Issue 9, 2014, Pages 2000-2007

  Dibrell, Clay ^a   Craig, Justin B ^b   Neubaum, Donald O ^c  

^a UNIVERSITY OF MISSISSIPPI   (United States)

^b NORTHEASTERN UNIVERSITY   (United States)

^c OREGON STATE UNIVERSITY   (United States)

Author keywords

Firm performance; Formal strategic planning; Innovativeness; Planning flexibility

Indexed keywords

EID: 84901625106     PISSN: 01482963     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusres.2013.10.011     Document Type: Article

References (58)

1. Anderson J.C., Gerbing D.W. Structural equation modeling in practice: A review and recommended two-step approach. Psychological Bulletin 1998, 103:411-423.
2. Ansoff H.I. Critique of Henry Mintzberg's 'The Design School': Reconsidering the basic premises of strategic planning. Strategic Management Journal 1991, 12(6):449-461.
3. Armstrong J.S. The value of formal planning for strategic decisions: Review of empirical research. Strategic Management Journal 1982, 3(3):197-211.
4. Bagozzi R.P., Yi Y. On the evaluation of structural equation models. Journal of Academy Marketing Science 1998, 16:74-94.
5. Barney J.B. Strategic factor markets: Expectations, luck, and business strategy. Management Science 1986, 32:1231-1241.
6. Barney J.B. Firm resources and sustained competitive advantage. Journal of Management 1991, 17(1):99-120.
7. Barney J.B. Resource-based theories of competitive advantage: A ten-year retrospective on the resource-based view. Journal of Management 2001, 27(6):643-650.
8. Baron R.M., Kenny D. The moderator-mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology 1986, 51:1173-1182.
9. Barringer B.R., Bluedorn A.C. The relationship between corporate entrepreneurship and strategic management. Strategic Management Journal 1999, 20:421-444.
10. Brews P.J., Hunt M.R. Learning to plan and planning to learn: Resolving the planning school/learning school debate. Strategic Management Journal 1999, 20:889-913.
11. Brown R.L. Assessing specific mediational effects in complex theoretical models. Structural Equation Modeling 1997, 4(2):142-156.
12. Cho H.J., Pucik V. Relationship between innovativeness, quality, growth, profitability, and market value. Strategic Management Journal 2005, 26(6):555-575.
13. Collis D.J., Montgomery C.A. Competing on resources: Strategy in the 1990s. Harvard Business Review 1995, 73(4):118-128.
14. Covin J.G., Slevin D.P. Strategic management of small firms in hostile and benign environments. Strategic Management Journal 1989, 10:75-87.
15. Davis P.S., Dibrell C.C., Janz B. The impact of time on the strategy-performance relationship: Implications for managers. Industrial Marketing Management 2002, 31(4):339-347.
16. Delmar F., Shane S. Does business planning facilitate the development of new ventures?. Strategic Management Journal 2003, 24:1165-1185.
17. Dibrell C., Craig J., Hansen E. How managerial attitudes toward the natural environment affect market orientation and innovation. Journal of Business Research 2011, 64(4):401-407.
18. Dibrell C., Craig J., Hansen E. The impact of managerial attitudes toward the natural environment in growing versus mature firms. Journal of Small Business Management 2011, 49:467-489.
19. Dillman D.A., Smyth J.D., Christian L.M. Internet, mail, and mixed-mode surveys: The tailored design method 2009, Wiley, Englewood Cliffs, NJ.
20. Droge C., Calantone R., Harmancioglu N. New product success: Is it really controllable by managers in highly turbulent environments?. Journal of Product Innovation Management 2008, 25:272-286.
21. Eisenhardt K.M., Zbaracki M.J. Strategic decision making. Strategic Management Journal 1992, 13:17-37.
22. Fornell C., Larcker D.F. Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research 1981, 18:39-50.
23. Gerbing D.W., Anderson J.C. Monte Carlo evaluations of goodness of fit indices for structural equation models. Sociological Methods and Research 1992, 21(2):132-160.
24. Gibbons P.T., O'connor T. Influences on strategic planning processes among Irish SMEs. Journal of Small Business Management 2005, 43(2):170-186.
25. Grant R.M. Strategic planning in a turbulent environment: Evidence from the oil majors. Strategic Management Journal 2003, 24(6):491-518.
26. Honig B., Karlsson T. Institutional forces and the written business plan. Journal of Management 2004, 30:29-48.
27. Hu L., Bentler P.M. Cutoff criteria for fit indexes in covariance structure analysis: conventional criteria versus new alternatives. Structural Equation Modeling 1999, 6(1):1-55.
28. Hult G.T.M., Ketchen D.J. Does market orientation matter? A test of the relationship between positional advantage and performance. Strategic Management Journal 2001, 22(9):899-906.
29. Hurley R.F., Hult G.T.M. Innovation, market orientation, and organisational learning: An integration and empirical examination. Journal of Marketing 1998, 62(7):42-54.
30. James L.R., Mulaik S.A., Brett J.M. A tale of two methods. Organizational Research Methods 2006, 9(2):233-244.
31. Jarzabkowski P., Balogun J. The practice and process of delivering integration through strategic planning. Journal of Management Studies 2009, 46:1255-1288.
32. Kukalis S. The relationship among firm characteristics and design of strategic planning systems in large organizations. Journal of Management 1989, 15:565-579.
33. Lumpkin G.T., Dess G.G. Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management Review 1996, 21(1):135-172.
34. Miller C.C., Cardinal L.B. Strategic planning and firm performance: A synthesis of more than two decades of research. Academy of Management Journal 1994, 37:1649-1665.
35. Miller D., Friesen P.H. Innovation in conservative and entrepreneurial firms: Two models of strategic momentum. Strategic Management Journal 1982, 3(1):1-25.
36. Mintzberg H. Learning 1, planning 0 (reply to Igor Ansoff). Strategic Management Journal 1991, 12:463-466.
37. Mintzberg H. The rise and fall of strategic planning 1994, Free Press, New York.
38. Penrose E.T. The theory of the growth of the firm 1959, Wiley, New York.
39. Podsakoff P.M., Organ D.L. Self-reports in organizational research: Problems and prospects. Journal of Management 1986, 12(4):531-544.
40. Powell T.C. Strategic planning as competitive advantage. Strategic Management Journal 1992, 13:551-558.
41. Powell T.C. How much does industry matter? An alternative empirical test. Strategic Management Journal 1996, 17:323-334.
42. Quinn J. Strategic change logical incrementalism. Sloan Management Review 1978, Fall, 20:7-22.
43. Read S., Dew N., Sarasvathy S.D., Song M., Wiltbank R. Marketing under uncertainty: The logic of an effectual approach. Journal of Marketing 2009, 73:1-18.
44. Rudd J.M., Greenley G.E., Beatson A.T., Lings I.N. Strategic planning and performance: Extending the debate. Journal of Business Research 2008, 61:99-108.
45. Salomo S., Talke K., Strecker N. Innovation field orientation and its effect on innovativeness and firm performance. Journal of Product Innovation Management 2008, 25:560-576.
46. Salter A., Torbett R. Innovation and performance in engineering design. Construction Management & Economics 2003, 21(6):573-581.
47. Schneider B., Ehrhart M.G., Mayer D.M., Saltz J.L., Niles-Jolly K. Understanding organization-customer links in service settings. Academy of Management Journal 2005, 48(6):1017-1032.
48. Schwenk C.B., Shrader C.B. Effects of formal strategic planning on financial performance in small firms: A meta-analysis. Entrepreneurship Theory & Practice 1993, 17(3):53-64.
49. Slevin D.P., Covin J.G. Entrepreneurship as firm behavior: A research model. Advances in firm emergence, growth and entrepreneurship 1995, 175-224. JAI Press, Greenwich, CT. J.E. Katz, R.H. Brockhaus (Eds.).
50. Song M., Im S., Bij H.V.D., Song L.Z. Does strategic planning enhance or impede innovation and firm performance?. Journal of Product Innovation Management 2011, 28(4):503-520.
51. Terziovski M. Innovation practice and its performance implications in small and medium enterprises (SMEs) in the manufacturing sector: A resource-based view. Strategic Management Journal 2010, 31:892-902.
52. Titus V.K., Covin J.G., Slevin D.P. Aligning strategic processes in pursuit of firm growth. Journal of Business Research 2011, 64:446-453.
53. Vorhies D.W., Morgan N.A., Autry C.W. Product-market strategy and the marketing capabilities of the firm: Impact on market effectiveness and cash flow performance. Strategic Management Journal 2009, 30:1310-1334.
54. Wiklund J. The sustainability of the entrepreneurial orientation-performance relationship. Entrepreneurship: Theory and Practice 1999, Fall, 23:37-48.
55. Wiltbank R., Dew N., Read S., Sarasvathy S.D. What to do next? The case for non-predictive strategy. Strategic Management Journal 2006, 27:981-998.
56. Zahra S.A., Hayton J., Neubaum D.O., Dibrell C.C., Craig J. Culture of family commitment and strategic flexibility: The moderating effect of stewardship. Entrepreneurship Theory & Practice 2008, 32:1035-1054.
57. Zahra S.A., Neubaum D.O., El-Hagrassey G.M. Competitive analysis and new venture performance: Understanding the impact of strategic uncertainty and venture origin. Entrepreneurship Theory & Practice 2002, 27(1):1-28.
58. Zhou K.S., Wu F. Technological capability, strategic flexibility, and product innovation. Strategic Management Journal 2010, 31:547-561.