IDEAS home Printed from https://ideas.repec.org/a/bla/jomstd/v28y1991i4p353-374.html
   My bibliography  Save this article

Strategic Planning And Financial Performance: A Meta‐Analytic Review

Author

Listed:
  • Brian K. Boyd

Abstract

After two decades of research, the effect of strategic planning on a firm's performance is still unclear. While some studies have found significant benefits from planning, others have found no relationship, or even small negative effects. Interpretation of these findings is confounded by the fact that many of these studies base their findings on a small number of firms. This article uses meta‐analysis to aggregate the results of 29 samples on a total of 2496 organizations. Cumulation of previous studies found modest correlations between planning and nine performance measures. Extensive measurement problems suggest that these findings underestimate the true relationship between planning and performance.

Suggested Citation

  • Brian K. Boyd, 1991. "Strategic Planning And Financial Performance: A Meta‐Analytic Review," Journal of Management Studies, Wiley Blackwell, vol. 28(4), pages 353-374, July.
    • Handle: RePEc:bla:jomstd:v:28:y:1991:i:4:p:353-374
    DOI: 10.1111/j.1467-6486.1991.tb00286.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-6486.1991.tb00286.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-6486.1991.tb00286.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Snezhana Hristova & Dimitar Kovachevski & Ivona Mileva, 2019. "Strategic Thinking In Macedonian Family Businesses: Perceptions And Practices," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 72-78, February.
    2. Ozlem Ayaz Arda & Erkan Bayraktar & Ekrem Tatoglu, 2019. "How do integrated quality and environmental management practices affect firm performance? Mediating roles of quality performance and environmental proactivity," Business Strategy and the Environment, Wiley Blackwell, vol. 28(1), pages 64-78, January.
    3. Alexey Bereznoy, 2019. "Corporate Foresight In The Strategy Of Multinationals," HSE Working papers WP BRP 97/STI/2019, National Research University Higher School of Economics.
    4. Rakesh Gupta & Sriparna Basu, 2014. "Influence of Dimensions of Strategic Orientation on the Growth of Small Firms and Resources as Moderating Variables," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 39(4), pages 461-476, November.
    5. Maribel Guerrero & David Urbano & Fernando Herrera, 2019. "Innovation practices in emerging economies: Do university partnerships matter?," The Journal of Technology Transfer, Springer, vol. 44(2), pages 615-646, April.
    6. Mohamed Laid Ouakouak, 2018. "Does a strategic planning process that combines rational and adaptive characteristics pay off ? Evidence from European firms," Australian Journal of Management, Australian School of Business, vol. 43(2), pages 328-349, May.
    7. Filippo Zanin & Eugenio Comuzzi, 2019. "Scenarizzazione e pianificazione strategica nei contesti complessi," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(1 suppl.), pages 95-120.
    8. Safal Batra & Sunil Sharma & Mukund R Dixit & Neharika Vohra, 2018. "Does strategic planning determine innovation in organizations? A study of Indian SME sector," Australian Journal of Management, Australian School of Business, vol. 43(3), pages 493-513, August.
    9. César Omar López à vila & Norma Pontet Ubal, 2020. "Complementary break-even point with economic value added," Documentos de Investigación 128, Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales.
    10. E Tapinos & R G Dyson & M Meadows, 2011. "Does the Balanced Scorecard make a difference to the strategy development process?," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(5), pages 888-899, May.
    11. Christine A. Kabui & Vincent N. Machuki & John K. Yabs & James M. Njihia, 2018. "Strategic Planning Process Intensity and Formality Impact on the Performance of Accredited Universities in Kenya," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(9), pages 153-153, August.
    12. Peng, Xue Bing & Liu, Yue Ling & Jiao, Qi Qi & Feng, Xiao Bin & Zheng, Bei, 2020. "The nonlinear effect of effectuation and causation on new venture performance: The moderating effect of environmental uncertainty," Journal of Business Research, Elsevier, vol. 117(C), pages 112-123.
    13. Ozkan, Kubilay S.L., 2020. "International market exit by firms: Misalignment of strategy with the foreign market risk environment," International Business Review, Elsevier, vol. 29(6).
    14. Masood Nawaz Kalyar & Nosheen Rafi & Awais Nawaz Kalyar, 2013. "Factors Affecting Corporate Social Responsibility: An Empirical Study," Systems Research and Behavioral Science, Wiley Blackwell, vol. 30(4), pages 495-505, July.
    15. Catherine M. Daily & S. Trevis Certo & Dan R. Dalton & Rungpen Roengpitya, 2003. "IPO Underpricing: A Meta–Analysis and Research Synthesis," Entrepreneurship Theory and Practice, , vol. 27(3), pages 271-295, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jomstd:v:28:y:1991:i:4:p:353-374. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-2380 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.