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The Role Of Strategic Planning In The Performance Of Small Professional Service Firms: A Research Note, Steven French, Stephen Kelly, Jennifer Harrison
The Role Of Strategic Planning In The Performance Of Small Professional Service Firms: A Research Note, Steven French, Stephen Kelly, Jennifer Harrison
Adjunct Professor Stephen J Kelly
Using a sample of small, regional professional service firms, this paper investigates relationships between firm performance and aspects of strategic planning. Constructs measuring vision, mission, latent abilities, competitor orientation and market orientation are identified using exploratory factor analysis and respondents categorised as non-planners, informal planners, formal planners and sophisticated planners. Multiple performance measures were used to assess the relationship between these factors and categories and firm performance. While no significant relationship between the performance measures and factors is identified, a significant relationship between net profit and informal planning emerges. These mixed results bring into question the value of the classical …
Improving Strategic Thinking: A Multilevel Approach, Ingrid Bonn
Improving Strategic Thinking: A Multilevel Approach, Ingrid Bonn
Ingrid Bonn
Following a multilevel approach, the purpose of this paper is to develop a framework of strategic thinking, which integrates the micro-domain's focus on individuals and groups with the macro-domain's focus on organisations. The paper first defines strategic thinking, outlines its elements and examines some of the conceptual issues surrounding the construct, especially those concerning levels of analysis. The following questions are addressed. What are the characteristics of an individual strategic thinker? What are the dynamics that take place within groups and how do they influence strategic thinking? What are the contributions of the organisational context to strategic thinking?
Corporate Governance And Business Ethics: Insights From The Strategic Planning Experience, Ingrid Bonn, Josie Fisher
Corporate Governance And Business Ethics: Insights From The Strategic Planning Experience, Ingrid Bonn, Josie Fisher
Ingrid Bonn
In this paper we develop an integrated approach towards corporate governance and business ethics. Our central argument is that organisations can learn from the development of strategic planning in the 1970s and 1980s. We identify three weaknesses – a bureaucratic and formalised approach, lack of implementation and lack of integration throughout the organisation – which were prevalent in strategic planning in the past and which are potentially just as problematic for an integrated corporate governance approach to business ethics. We suggest ways these weaknesses might be avoided and provide questions for boards of directors to consider when integrating ethical concerns …