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The value of formal planning for strategic decisions: A comment

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  • M. J. Foster

Abstract

In an earlier paper in the SMJ, Armstrong (1982) conducted a review of the empirical evidence relating to the question of whether formal planning for strategic decision‐making pays off, or more concisely whether strategic planning pays. Armstrong found that the evidence was equivocal. He also found that the methodological purity of a number of the 12 studies, which he claimed to constitute the totality of the evidence, was in doubt. For that reason he assessed the rigour of the studies relative to a framework previously proposed by Terpstra (1981). Using this framework he found that the studies rated poorly.

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  • M. J. Foster, 1986. "The value of formal planning for strategic decisions: A comment," Strategic Management Journal, Wiley Blackwell, vol. 7(2), pages 179-182, March.
    • Handle: RePEc:bla:stratm:v:7:y:1986:i:2:p:179-182
    DOI: 10.1002/smj.4250070206
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    Cited by:

    1. Armstrong, J. Scott, 1991. "Strategic Planning Improves Manufacturing Performance," MPRA Paper 81677, University Library of Munich, Germany.
    2. Clark, Kim & Ramachandran, Indu, 2019. "Subsidiary Entrepreneurship and Entrepreneurial Opportunity: An Institutional Perspective," Journal of International Management, Elsevier, vol. 25(1), pages 37-50.
    3. April M. Franco & MB Sarkar & Rajshree Agarwal & Raj Echambadi, 2009. "Swift and Smart: The Moderating Effects of Technological Capabilities on the Market Pioneering-Firm Survival Relationship," Management Science, INFORMS, vol. 55(11), pages 1842-1860, November.

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