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Article
Formalized Planning in Small Business: Increasing Strategic Choices
Journal of Small Business Management
  • L. S. Baird
  • M. A. Lyles
  • J. Burdeane Orris, Butler University
Document Type
Article
Publication Date
1-1-1994
Additional Publication URL
http://www.worldcat.org/oclc/4687755728
Abstract

A study of 188 small businesses was conducted to examine three distinct relationships in the planning process planning formality in relation to strategic decision processes, planning formality in relation to the strategies adopted, and planning formality in relation to firm performance. The results demonstrated that firms with formal planning emphasized more aspects of the strategic choice process, adopted a wider range of competitive and cooperative strategies, and grew more rapidly than did non-formal planners.

Rights

‘This is a peer reviewed version of the following article:

Baird, I. S., Lyles, M. A., and Orris, J. B. Formalized Planning in Small Business: Increasing Strategic Choices, Journal of Small Business Management, 1994, 32, No. 1, 48-59.

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This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving'.

Citation Information
L. S. Baird, M. A. Lyles and J. Burdeane Orris. "Formalized Planning in Small Business: Increasing Strategic Choices" Journal of Small Business Management Vol. 31 Iss. 2 (1994)
Available at: http://works.bepress.com/j_orris/4/