Strategic planning and firm performance: A proposed framework

• Main Authors: Ida, Sosiawani, Ramli, Azahari, Mustafa, Munauwar, Yusoff, Rushami Zien
• Format: Article
• Language: English
• Published: International Academic Research Journal 2015
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/16125/1/34.pdf; http://repo.uum.edu.my/16125/; http://www.iarjournal.com/iar-journal/iar-journal-of-business-and-technology/
• Institution: Universiti Utara Malaysia

Organizational performance still becomes an important concept in the strategic management studies.Many researchers have used it as a focus of study and try to determine what are the factors that might contribute to the performance. Strategic planning is believed to be able to drive organization to achieve better performance.The aim of this study is to examine whether strategic planning will assist business firms to uplift its performance.The literature suggests some dimensions of strategic planning to be tested, namely: formality, tools of strategic planning, employee participation, strategic implementation, time horizon and control.