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The Value of Formal Planning for Strategic Decisions: A Reply

Author

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  • JS Armstrong

    (The Wharton School)

Abstract

In Armstrong (1982a), I examined alternative explanations to the empirical findings that supported the use of formal planning. In considering the possibility that researcher bias might lead to such results, I used Terpstra’s (1981) evaluation scheme. Based on this test, poor methodology did not seem responsible for the conclusions on the value of formal planning.

Suggested Citation

  • JS Armstrong, 2005. "The Value of Formal Planning for Strategic Decisions: A Reply," General Economics and Teaching 0502065, EconWPA.
  • Handle: RePEc:wpa:wuwpgt:0502065
    Note: Type of Document - pdf; pages: 2
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0502/0502065.pdf
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    References listed on IDEAS

    as
    1. Armstrong, J. Scott & Reibstein, David J., 1985. "Evidence on the Value of Strategic Planning in Marketing: How Much Planning Should a Marketing Planner Plan?," MPRA Paper 81680, University Library of Munich, Germany.
    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. JS Armstrong & David J. Reibstein, 2004. "Evidence on the Value of Strategic Planning in Marketing: How Much Planning Should a Marketing Planner Plan?," General Economics and Teaching 0412034, EconWPA.
    4. JS Armstrong, 2005. "Research on Scientific Journals: Implications for Editors and Authors," General Economics and Teaching 0502059, EconWPA.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Phillips, Jon C. & Peterson, H. Christopher, 1999. "Strategic Planning And Firm Performance: A Proposed Theoretical Model For Small Agribusiness Firms," Staff Papers 11685, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. JS Armstrong, 2004. "Strategic Planning Improves Manufacturing Performance," General Economics and Teaching 0412033, EconWPA.
    3. Olivier Daxhelet & Olivier Witmeur, 2011. "What Financial Backers Expect from Business Plans: Effectual Versus Causal Logic," Working Papers CEB 11-029, ULB -- Universite Libre de Bruxelles.
    4. JS Armstrong & David J. Reibstein, 2004. "Evidence on the Value of Strategic Planning in Marketing: How Much Planning Should a Marketing Planner Plan?," General Economics and Teaching 0412034, EconWPA.
    5. Gregory A. Baker & Joel K. Leidecker, 2001. "Does it pay to plan?: Strategic planning and financial performance," Agribusiness, John Wiley & Sons, Ltd., vol. 17(3), pages 355-364.
    6. JS Armstrong, 2005. "Strategic Planning And Forecasting Fundamentals," General Economics and Teaching 0502066, EconWPA.
    7. Tewolde Melles Hagos & Gubán Pal, 2010. "The Means Of Analysis And Evaluation For Corporate Performances," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(12), pages 1-43.

    More about this item

    Keywords

    formal planning; strategic decisions;

    JEL classification:

    • A - General Economics and Teaching

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