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150325s1992 xx |||||o 00| ||eng c |
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|a (DE-627)JST084225696
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|a (JST)2486604
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|a DE-627
|b ger
|c DE-627
|e rakwb
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|a eng
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| 100 |
1 |
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|a Powell, Thomas C.
|e verfasserin
|4 aut
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|a Strategic Planning as Competitive Advantage
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|c 1992
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|a Text
|b txt
|2 rdacontent
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|a Computermedien
|b c
|2 rdamedia
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|a Online-Ressource
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|a Since 1970, over forty empirical studies have examined the performance consequences of formal strategic planning. This line of research has drawn heavy criticism from reviewers on methodological grounds, and has produced confusing, apparently contradictory results. This article reevaluates the planning-performance relationship from a resource perspective, arguing that strategic planning does not satisfy the criteria for sustainable competitive advantage-although it may produce economic value, it is easily imitated and may be substitutable. The article suggests that previous studies produced inconsistent results because they did not account for the dissemination of strategic planning over time, or for industry differences in strategic planning factor markets. An empirical test in two industries finds that formal strategic planning and financial performance are unrelated in a `planning equilibrium' industry, but positively related in an industry with strategic planning factor market imperfections.
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|a Copyright 1992 John Wiley and Sons Limited
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4 |
|a Strategic Planning
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|a Competitive Advantage
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| 650 |
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|a Resource Theory
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| 650 |
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|a Business
|x Industry
|x Industrial sectors
|x Manufacturing industries
|x Consumer goods industries
|x Furniture industry
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| 650 |
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|a Business
|x Business engineering
|x Corporate planning
|x Strategic planning
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| 650 |
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|a Business
|x Business engineering
|x Corporate planning
|x Corporate strategies
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| 650 |
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|a Economics
|x Economic research
|x Economic analysis
|x Economic value
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| 650 |
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|a Economics
|x Economic disciplines
|x Consumer economics
|x Consumer sectors
|x Industrial market
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| 650 |
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|a Mathematics
|x Applied mathematics
|x Statistics
|x Applied statistics
|x Descriptive statistics
|x Correlations
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| 650 |
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|a Business
|x Business administration
|x Business management
|x Capital management
|x Profit planning
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| 650 |
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|a Economics
|x Macroeconomics
|x Aggregate economy
|x Market economics
|x Market equilibrium
|x Market disequilibrium
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| 650 |
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|a Business
|x Industry
|x Industrial sectors
|x Manufacturing industries
|x Consumer goods industries
|x Clothing industry
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| 650 |
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|a Business
|x Business structures
|x Research Notes and Communications
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| 655 |
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|a research-article
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| 773 |
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|i Enthalten in
|t Strategic Management Journal
|d John Wiley & Sons
|g 13(1992), 7, Seite 551-558
|w (DE-627)271175133
|w (DE-600)1478912-7
|x 10970266
|7 nnns
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| 773 |
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|g volume:13
|g year:1992
|g number:7
|g pages:551-558
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|u https://www.jstor.org/stable/2486604
|3 Volltext
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|d 13
|j 1992
|e 7
|h 551-558
|