Formalized Planning in Small Business: Increasing Strategic ChoicesJournal of Small Business Managment (1993)
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.
Note: Link is to the article in a subscription database available to users affiliated with Butler University. Appropriate login information will be required for access. Users not affiliated with Butler University should contact their local librarian for assistance in locating a copy of this article.
Citation InformationL. S. Baird, M. A. Lyles, J. Burdeane Orris and D. F. Kuratko. "Formalized Planning in Small Business: Increasing Strategic Choices" Journal of Small Business Managment Vol. 31 Iss. 2 (1993)
Available at: http://works.bepress.com/j_orris/9/