Formal strategic planning: annual raindance or wheel of success?

O'Regan, N. and Ghobadian, A. (2007) Formal strategic planning: annual raindance or wheel of success? Strategic Change, 16 (1-2). pp. 11-22. ISSN 10861718 Available from:

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The findings from the research presented in this paper indicate that strategic planning is now an established management tool with over half of all small and medium size enterprises (SMEs) engaging in formal strategic planning. However, some SMEs fail to consider or include some vital components in their strategic plans, leading to the conclusion that many formal strategic plans are little more than a paper exercise. From an operational perspective, formal strategic planning firms place a higher emphasis on the attributes of strategic planning. However, there are no significant differences on the barriers to strategy implementation in formal or non-formal planning firms.

Item Type:Article
Faculty/Department:Faculty of Business and Law > Department of Business Management
ID Code:13215
Deposited By: A. Lawson
Deposited On:06 Oct 2010 14:56
Last Modified:07 Nov 2016 03:24

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