The Effect of Operational and Strategic Planning on Small Firm Performance

  • Larry R. Watts Steven F. Austin State University
  • Josheph G. Ormsby Steven F. Austin State University

Abstract

Unlike large corporations, small businesses face a multiplicity of problems that could spell immediate doomfor the organization. As a result,an increasing body of research add ressing small business problems has been noted in the literature. This research stud y investigated  the effect of opera Honal and st rategic:-ilanning on small firm performance and found  that both were positivel y related to performance.  Practical implications of  these research findings  are provided  for  small businesses.

Downloads

Download data is not yet available.

References

Bracker, J.S. Planning and Financial Performance Among Small Entrepreneurial Firms: Industry Stud y (Unpublished doctoral dissertation, Atlanta, GA: Georgia State University, 1982).
Bracker, J. S., Keats, B. W., & Pearson, J. N. "Planning and Financial Performanc Small, Growth Firms," Paper presented at the meeting of the Academy of Man ment, New Orleans, LA (August, 1987).
Bracker, J. S., & Pearson, J. N. "Planning and Financial Performance of Small, Ma Firms," Strategic Management Journal (Volume 7, 1986), 503-522.
Fredrickson, J. W. "The Comprehensiveness of Strategic Decision Processes: Extension, Observations, Future Directions," Academy of Management Journal (Volume 27, 1984), 445-466.
Fredrickson, J. W., & Mitchell, T. R. "Strategic Decision Process: Comprehensiveness and Performance in an Industry With an Unstable Environment, " Academy of Management Journal (Volume 27, 1984), 399-423.
Hofer, C.W., & Schendel, D. E. Strategy Formulation: Anal ytical Concepts (St.Paul, MN: West, 1978).
Jauch, L. R., & Osborn, R. N. ''Toward an Integrated Theory of Strategy, Academy of Management Reuiew (Volume 6, 1981), 491-498.
Pearce, J. A., & Robinson, R. B. Strategic Management: Strategy Formulation and Implementation (Homewood, IL: Richard D. Irwin, 1988).
Robinson, R. B. ''The Importance of 'Outsiders' in Small Firm Strategic Planning," Academy of Management Journal (Volume 25, 1982), 80-93.
Robinson, R. B., Logan, J. E., & Salem, M. Y. "Strategic Versus Operational Planning in Small Retail Firms," American Journal of Small Business (Volume 10(3), 1986), 7-16.
Robinson, R. B., & Pearce, J. A. "The Impact of Formalized Strategic Planning on Financial Performance in Small Organizations," Strategic Management Journal (Volume 4, 1983), 197- 207.
Robinson, R. B., & Pearce, J. A. "Research Thrusts in Small Firm Strategic Planning," Academy of Management Review (Volume 9, 1984), 128-137.
Robinson, R. B., Salem, M. Y.,Logan, j. E., & Pearce, J. A. "Planning Activities Related to Independent Retail Firm Performance," American Journal of Small Business (Volume 10(2), 1986), 19-26.
Schendel, D. E., & Hofer, C. W. "Research Needs and Issues in Strategic Manage­ ment," In D. E. Schendel and C. W. Hofer (Eds.), Strategic Management: A New View of Business Policy and Planning (Boston, MA: Little, Brown and Company, 1979, 515-530).
Shrader, C. B., Taylor, L., & Dalton, D. R. "Strategic Planning and Organizational Performance: A Critical Appraisal," Journal of Management (Volume 10, 1984), 149-171.
U.S. Department of Commerce, Bureau of the Census. Characteristics of Business Owners. (Washington, D.C.: U.S. Government Printing Office, 1987).
U.S. Department of Labor (1989). Finnstart - an Examination of Self-Em ployment. (Washington, D.C.: Employment and Training Administration, 1989).
Wandner, S. A. and Messenger J.C. The Self-Em ployment Experience in the United States:
Demonstration Projects in Washington State and Massachusetts. Unpublished Paper submitted to the
Organization for Economic Co-Cooperation and Development. (U.S. Department of Labor, 1990).
Published
1990-06-03
How to Cite
WATTS, Larry R.; ORMSBY, Josheph G.. The Effect of Operational and Strategic Planning on Small Firm Performance. Journal of Small Business Strategy, [S.l.], v. 1, n. 2, p. 27-35, june 1990. ISSN 2380-1751. Available at: <https://libjournals.mtsu.edu/index.php/jsbs/article/view/227>. Date accessed: 19 jan. 2020.
Section
Articles