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Strategic Planning Improves Manufacturing Performance

Author

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  • JS Armstrong

    (The Wharton School - University of Pennsylvania)

Abstract

A quantitative critique of 28 studies concludes that formal planning is valuable for firms. The results were particularly favorable for manufacturing firms: nine studies found formal planning to be associated with better performance and none found detrimental performance.

Suggested Citation

  • JS Armstrong, 2004. "Strategic Planning Improves Manufacturing Performance," General Economics and Teaching 0412033, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpgt:0412033
    Note: Type of Document - pdf; pages: 4
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0412/0412033.pdf
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    References listed on IDEAS

    as
    1. Marjorie A. Lyles & R. T. Lenz, 1982. "Managing the planning process: A field study of the human side of planning," Strategic Management Journal, Wiley Blackwell, vol. 3(2), pages 105-118, April.
    2. J. Scott Armstrong, 1982. "The value of formal planning for strategic decisions: Review of empirical research," Strategic Management Journal, Wiley Blackwell, vol. 3(3), pages 197-211, July.
    3. Ramanujam, Vasudevan & Venkatraman, N., 1987. "Planning and performance: A new look at an old question," Business Horizons, Elsevier, vol. 30(3), pages 19-25.
    4. Lawrence C. Rhyne, 1987. "Contrasting Planning Systems In High, Medium And Low Performance Companies," Journal of Management Studies, Wiley Blackwell, vol. 24(4), pages 363-385, July.
    5. Milton Leontiades & Ahmet Tezel, 1980. "Planning perceptions and planning results," Strategic Management Journal, Wiley Blackwell, vol. 1(1), pages 65-75, January.
    6. 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.
    7. J. Scott Armstrong, 1986. "The value of formal planning for strategic decisions: Reply," Strategic Management Journal, Wiley Blackwell, vol. 7(2), pages 183-185, March.
    8. Jeffre Y. S. Bracker & John N. Pearson, 1986. "Planning and financial performance of small, mature firms," Strategic Management Journal, Wiley Blackwell, vol. 7(6), pages 503-522, November.
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    Cited by:

    1. P. Maik Hamann, 2017. "Towards a contingency theory of corporate planning: a systematic literature review," Management Review Quarterly, Springer, vol. 67(4), pages 227-289, August.
    2. McCarthy, Ian & Ridgway, Keith & Leseure, Michel & Fieller, Nick, 2000. "Organisational diversity, evolution and cladistic classifications," Omega, Elsevier, vol. 28(1), pages 77-95, February.

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    More about this item

    Keywords

    strategic planning; manufacturing performance;

    JEL classification:

    • A - General Economics and Teaching

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