Strathprints Home | Open Access | Browse | Search | User area | Copyright | Help | Library Home | SUPrimo

Seven aspects of strategy formation: Exploring the value of planning

Fletcher, Margaret and Harris, Simon (2002) Seven aspects of strategy formation: Exploring the value of planning. International Small Business Journal, 20 (3). pp. 291-306. ISSN 0266-2426

Full text not available in this repository. (Request a copy from the Strathclyde author)

Abstract

It has been widely argued that the planning approach that dominates entrepreneurial training does not represent either actual or good strategic decision-making. Studies examining the impact of planning on performance have had inconclusive results and have been subject to considerable methodological problems. This study defines planning and emergent approaches within seven constituent aspects of strategy formation, and then explores their association with growth. Data was gathered from participants of a Graduate Enterprise business start-up programme, seven to twelve years after completing their training. The data was analysed to assess the association between growth and low growth firms and their use of 'planning' or 'emergent' alternatives within the seven aspects. Some planning approaches were associated with growth. Using a written business plan, however, was not. Future research needs to identify the constituent aspects of planning that are of value, which entrepreneurship education programmes can then reflect.

Item type: Article
ID code: 4288
Keywords: small firms, economic growth, education, training, business strategy, change management, Commerce, Management. Industrial Management, Business and International Management
Subjects: Social Sciences > Commerce
Social Sciences > Industries. Land use. Labor > Management. Industrial Management
Department: Strathclyde Business School > Strategy and Organisation
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 12 Oct 2007
    Last modified: 04 Sep 2014 14:54
    URI: http://strathprints.strath.ac.uk/id/eprint/4288

    Actions (login required)

    View Item