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Strategic planning and firm performance: a comparison across countries and sectors

Author

Listed:
  • Kalevi Kylaheiko
  • Kaisu Puumalainen
  • Helena Sjögrén
  • Pasi Syrjä
  • Katharina Fellnhofer

Abstract

The level of uncertainty and pace of change in business environments is posing challenges for firms. The developed economies have transformed from the industrial era to the knowledge and service era, while emerging economies thrive with industrial growth. This poses the question of what the key drivers of corporate success are and how far they are different from the old earnings logic. We will focus on one special value-creating resource or capability, namely strategic planning. We empirically examine the performance consequences of strategic planning to determine in what contexts it pays off particularly well. We use data from a large-scale survey of about 2,500 organisations from developed and emerging countries. The survey responses represent a variety of industries from manufacturing to services. The analysis is based on general linear models, and the findings show significant performance differences across countries, industries, and firm size - with strategic planning explaining performance much better than any contextual characteristics.

Suggested Citation

  • Kalevi Kylaheiko & Kaisu Puumalainen & Helena Sjögrén & Pasi Syrjä & Katharina Fellnhofer, 2016. "Strategic planning and firm performance: a comparison across countries and sectors," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 8(3), pages 280-295.
  • Handle: RePEc:ids:ijeven:v:8:y:2016:i:3:p:280-295
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    Cited by:

    1. Asikhia, Olalekan. U. & Makinde Grace. O. & Akinlabi, Bababtunde. A. & Adewole, Adekunle. A., 2022. "Strategy execution as determinant of deposit money banks’ customer satisfaction in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(5), pages 633-638, May.
    2. Israr Ahmad & Dr. Shuhymee Ahmad*, 2018. "Multiple Skills and Medium Enterprises’ Performance in Punjab Pakistan: A Pilot Study," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 44-49:4.

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