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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/7360

Title: Strategic Planning and Performance of Businesses in Ghana: A Comparative Study of Micro, Small, and Large Firms
Authors: Agyapong, Ahmed
Keywords: Businesses
Micro
Planning
Performance
Large
Firms
Small
Strategic
Issue Date: 2012
Publisher: International Business & Economics Research Journal
Citation: International Business & Economics Research Journal Volume 11, Number 11, November 2012
Abstract: Over the last three decades, numerous studies have been conducted on the relationship between strategic planning and organizational performance; all these studies have yielded inconclusive results. This article investigates this relationship using data from micro, small, and large firms operating in a developing economy. The results suggest that the planning-performance relationship is positive and very significant in micro level firms where strategic planning approximates disequilibrium. In small firms, we found that this relationship was positive and moderately significant. In large firms where strategic planning approximates equilibrium, however, the planning-performance relationship was positive but not significant. Accordingly, we present a new dimension to the strategic-planning-performance debate and suggest that the relationship differs on the basis of the firm’s level/size and economic environment.
Description: Article published in International Business & Economics Research Journal, 2012.
URI: http://hdl.handle.net/123456789/7360
Appears in Collections:College of Arts and Social Sciences

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