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Strategic planning practice in transition economies: Empirical evidence from the Macedonian context

Listed author(s):
  • Stojan Debarliev


    (Ss. Cyril and Methodius University in Skopje, Macedonia)

  • Marija Trpkova


    (Ss. Cyril and Methodius University in Skopje, Macedonia.)

The aim of this study is to examine a wider list of factors (business structure, management structure and environmental factors), whose impact on the strategic planning in the private sector has been investigated. A total of 212 questionnaires were collected from different size, age, industry type and ownership enterprises working in the private sector in Republic of Macedonia. In order to analyze the variables that are determinants of the strategic planning, multiple linear regression was used. The business size, business control, intention to change the operations and business flexibility are very important factors in the enterprises that have a significant correlation with the strategic planning incidence. The importance of this study lays in its contribution to all past studies and research referring to this subject in transition and emerging countries, with emphasis on the case of the Republic of Macedonia as a transition economy, as well as in the examination of a wider list of factors whose impact on the strategic planning was examined.

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Article provided by Prague Development Center in its journal Business and Economic Horizons (BEH).

Volume (Year): 4 (2011)
Issue (Month): 1 (January)
Pages: 27-39

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Handle: RePEc:pdc:jrnbeh:v:4:y:2011:i:1:p:27-39
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  1. Greenley, Gordon E., 1994. "Strategic planning and company performance: An appraisal of the empirical evidence," Scandinavian Journal of Management, Elsevier, vol. 10(4), pages 383-396, December.
  2. Armstrong, J. Scott, 1982. "The value of formal planning for strategic decisions: review of empirical research," MPRA Paper 81683, University Library of Munich, Germany.
  3. Rudd, John M. & Greenley, Gordon E. & Beatson, Amanda T. & Lings, Ian N., 2008. "Strategic planning and performance: Extending the debate," Journal of Business Research, Elsevier, vol. 61(2), pages 99-108, February.
  4. Risseeuw, Peter & Masurel, Enno, 1994. "The Role of Planning in Small Firms: Empirical Evidence from a Service Industry," Small Business Economics, Springer, vol. 6(4), pages 313-322, August.
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