Strategic Planning Improves Manufacturing Performance
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.
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- Ramanujam, Vasudevan & Venkatraman, N., 1987. "Planning and performance: A new look at an old question," Business Horizons, Elsevier, vol. 30(3), pages 19-25.
- JS Armstrong, 2005. "The Value of Formal Planning for Strategic Decisions: A Reply," General Economics and Teaching 0502065, EconWPA.
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