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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, EconWPA.
  • 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. Armstrong, J. Scott, 1982. "The value of formal planning for strategic decisions: review of empirical research," MPRA Paper 81683, University Library of Munich, Germany.
    2. Ramanujam, Vasudevan & Venkatraman, N., 1987. "Planning and performance: A new look at an old question," Business Horizons, Elsevier, vol. 30(3), pages 19-25.
    3. JS Armstrong, 2005. "The Value of Formal Planning for Strategic Decisions: A Reply," General Economics and Teaching 0502065, EconWPA.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    strategic planning; manufacturing performance;

    JEL classification:

    • A - General Economics and Teaching

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