STRATEGIC PLANNING AND FINANCIAL PERFORMANCE: MORE EVIDENCE*

Abstract

ABSTRACT A recently published meta‐analysis of the impact of strategic planning on financial performance omitted a major study of corporate planning practice in Fortune 500 manufacturing firms. This article briefly reviews that study in light of the results of the meta‐analysis. Additional analysis examines performance and firm survival over a longer time period than in the original work. the overall conclusion is that a small but positive relationship between strategic planning and performance exists, and persists.