The Tenuous Link Between Formal Strategic Planning and Financial Performance

    Published Online:https://doi.org/10.5465/amr.1987.4306718

    Although the effect of formal strategic planning on organization effectiveness remains an unresolved issue, a systematic critical review of 18 relevant empirical studies allows valuable insights into the planning-performance controversy The analysis discloses controllable methodological inconsistencies and contingency variable interactions, an awareness of which can improve research designs.

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