Back
 AJIBM  Vol.7 No.4 , April 2017
Strategic Planning Systems and Firm Performance in the Export Processing Zones
Abstract: This study focused on strategic planning systems as predictors of performance in a developing country context. These concepts have not been adequately investigated in extant strategy literature. We contended that strategic planning systems should be emphasized as a configuration and not by its domains. The influence of resources, management participation and planning techniques on performance showed positive and significant results. In support of our conceptualization, the results were that strategic planning systems as an aggregate factor has a stronger influence on performance than its domains. We conclude that the configuration of planning systems with its theoretical underpinning in the dynamic capabilities and resource based view, explains performance variations among firms.
Cite this paper: Namada, J. , Bagire, V. , Aosa, E. and Awino, Z. (2017) Strategic Planning Systems and Firm Performance in the Export Processing Zones. American Journal of Industrial and Business Management, 7, 487-500. doi: 10.4236/ajibm.2017.74035.
References

[1]   Armstrong, J.S. (1982) The Value of Strategic Planning for Strategic Decisions: Review of Empirical Research. Strategic Management Journal, 3, 197-211.
https://doi.org/10.1002/smj.4250030303

[2]   Miller, C.C. and Cardinal, L.B. (1994) Strategic Planning and Firm Performance: A Synthesis of more than Two Decades of Research. Academy of Management Journal, 37, 1649-1665.
https://doi.org/10.2307/256804

[3]   Mankins, M. and Steele, R. (2005) Turning Great Strategy into Great Performance. Harvard Business Review, 83, 65-72.

[4]   Jennings, D. and Disney, J. (2006) The Strategic Planning Process and Its Context: The Role of Psychological Type. Journal of General Management, 31, 75-93.
https://doi.org/10.1177/030630700603100305

[5]   Elbanna, S. (2008) Planning and Participation as Determinants of Strategic Planning Effectiveness: Evidence from Arabic Context. Management Decision, 46, 779-796.
https://doi.org/10.1108/00251740810873761

[6]   Falshaw, J.R., Glaister, K.W. and Tatoglu, E. (2006) Evidence on Formal Strategic Planning and Company Performance. Management Decision, 44, 9-30.
https://doi.org/10.1108/00251740610641436

[7]   Johansson, H. and Nilsson, L. (1997) Export Processing Zones as Catalysts. World Development, 25, 2115-2128.
https://doi.org/10.1016/S0305-750X(97)00103-4

[8]   EPZA (2008) Export Processing Zones Score Card. Annual Report.

[9]   Shah, K.U. and Rivera, J.E. (2007) Export Processing Zones and Corporate Environmental Performance in Emerging Economies. Policy Sciences, 40, 265-285.
https://doi.org/10.1007/s11077-007-9045-8

[10]   Ramanujam, V., Venkatraman, N. and Camilus, J. (1986) Multi-Objective Assessment of Effectiveness of Strategic Planning: A Discriminant Analysis Approach. Academy of Management Journal, 29, 347-372.
https://doi.org/10.2307/256192

[11]   King, R.K. (1983) Evaluating Strategic Planning Systems. Strategic Management Journal, 4, 263-277.
https://doi.org/10.1002/smj.4250040307

[12]   Glaister, K.W. and Falshaw, J.R. (1999) Strategic Planning: Still Going Strong? Long Range Planning, 32, 107-116.
https://doi.org/10.1016/S0024-6301(98)00131-9

[13]   Ramanujam, V. and Venkatraman, N. (1987) Planning Systems Characteristics and Planning Effectiveness. Strategic Management Journal, 8, 453-468.
https://doi.org/10.1002/smj.4250080505

[14]   O’Regan, N., Sims, M.A. and Gallear, D. (2008) Leaders, Loungers, Laggard: The Strategic Planning, Environment, Performance Relationship Re-Visited in Manufacturing Small and Medium Enterprises. Journal of Manufacturing Technology Management, 19, 6-21.
https://doi.org/10.1108/17410380810843426

[15]   Chakravarthy, B.S. (1986) Measuring Strategic Performance. Strategic Management Journal, 7, 437-458.
https://doi.org/10.1002/smj.4250070505

[16]   Srimai, S., Damsaman, N. and Bangchokdee, S. (2011) Performance Measurement, Organizational Learning and Strategic Alignment. Measuring Business Excellence, 15, 57-69.
https://doi.org/10.1108/13683041111131628

[17]   Kaplan S.R. (2001) Strategic Performance Measurement and Management in Non-Profit Organizations. Nonprofit Management and Leadership, 11, 353-370.
https://doi.org/10.1002/nml.11308

[18]   Grant, R.M. (2003) Strategic Planning in a Turbulent Environment: Evidence from the Oil Majors. Strategic Management Journal, 24, 491-517.
https://doi.org/10.1002/smj.314

[19]   Wernerfelt, B. (1984) The Resource-Based View of the Firm. Strategic Management Journal, 5, 171-180.
https://doi.org/10.1002/smj.4250050207

[20]   Teece, D.J., Pisano, G. and Shuen, A. (1990) Firm Capabilities, Resources and the Concept of Strategy. Economic Analysis and Policy Working Paper EAP, 38, University of California, Oakland, CA.

[21]   Girod, S.J.G. and Whittington, R. (2015) Change Escalation Processes and Complex Adaptive System. From Incremental Reconfigurations to Discontinuous Restructuring. Organizational Science, 26, 1520-1535.
https://doi.org/10.1287/orsc.2015.0993

[22]   Teece, D.J., Pisano, G. and Shuen, A. (1997) Dynamic Capabilities and Strategic Management. Strategic Management Journal, 18, 509-533.
https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z

[23]   Penrose, E. (1959) The Theory of the Growth of the Firm. Basic Blackwell, Oxford.

[24]   Ambrosini, V. and Bawman, C. (2009) What Are Dynamic Capabilities and Are They a Useful Construct in Strategic Management? International Journal of Management Reviews, 11, 29-49.
https://doi.org/10.1111/j.1468-2370.2008.00251.x

[25]   Helfat, C.E. and Petaraf, M.A. (2003) The Dynamic Resource Based View: Capability Life Cycles. Strategic Management Journal, 24, 997-1010.
https://doi.org/10.1002/smj.332

[26]   Porter, M.E. (1980) Competitive Strategy: Techniques for Analyzing Industries and Competitors. Free Press, New York.

[27]   Connor, T. (2002) The Resource Based View of Strategy and its Value in Practicing Managers. Strategic Change, 11, 307-316.
https://doi.org/10.1002/jsc.593

[28]   McGuiness, T. and Morgan, R.E. (2000) Strategy, Dynamic Capabilities and Complex Science: Management Rhetoric vs Reality. Strategic Change, 9, 209-220.
https://doi.org/10.1002/1099-1697(200006/07)9:4<209::AID-JSC485>3.0.CO;2-G

[29]   Ketokivi, M. and Gastner, X. (2004) Strategic Planning as an Integrative Device. Administrative Science Quarterly, 49, 337-365.

[30]   Ogbeide, G.A. and Harrington, J.R. (2011) The Relationship among Participative Management Styles, Strategy Implementation and Performance in Service Industry. International Journal of Hospitality Management, 23, 719-738.

[31]   Feigner, M.K. (2005) Determinants of Board Participation in the Strategic Decisions of Small Corporations. Entrepreneurship Theory and Practice, 29, 627-650.
https://doi.org/10.1111/j.1540-6520.2005.00101.x

[32]   Currie, G. and Procter, S.J. (2005) The Antecedents of Middle Managers Strategic Contribution: The Case of Professional Bureaucracy. Journal of Management Studies, 42, 1325-1355.
https://doi.org/10.1111/j.1467-6486.2005.00546.x

[33]   Floyd, S.W. and Wooldridge, B. (1990) Middle Management Involvement in Strategy and Its Association with Strategic Type. Strategic Management Journal, 13, 153-167.
https://doi.org/10.1002/smj.4250131012

[34]   Floyd, S.W. and Wooldridge, B. (1997) Middle Management’s Strategic Influence and Organizational Performance. Journal of Management Studies, 34, 465-485.
https://doi.org/10.1111/1467-6486.00059

[35]   Tegarden, L.F., Sarason, Y. and Banbury, C. (2003) Linking Strategy Process to Performance Outcomes in Dynamic Environments: The Need to Target Multiple Bull’s Eyes. Journal of Managerial Issues, 9, 133-153.

[36]   Andersen, T.J. (2000) Strategic Planning, Autonomous Actions and Corporate Performance. Long Range Planning, 33, 184-200.
https://doi.org/10.1016/S0024-6301(00)00028-5

[37]   Stonehouse, G. and Pembertone, J. (2002) Strategic Planning in Small and Medium Enterprises. Management Decision, 40, 853-861.
https://doi.org/10.1108/00251740210441072

[38]   Ghamdi, S.M. (2005) Use of Strategic Planning Tools and Techniques in Saudi Arabia: An Empirical Study. International Journal of Management, 22, 376-395.

[39]   Amran, M. and Kulatilaka, N. (1999) Uncertainty, the New Rules of Strategy. Journal of Business Strategy, 20, 25-29.
https://doi.org/10.1108/eb040003

[40]   Aldehayyat, J.S. and Khattab, A.A. (2011) The Use of Strategic Planning Tools and Techniques by Hotels in Jordan. Management Research Review, 34, 477-490.
https://doi.org/10.1108/01409171111117898

[41]   Dincer, O., Tatoglu, E. and Glaister, K.W. (2006) The Strategic Planning Process: Evidence from Turkish Firms. Management Research News, 29, 206-219.
https://doi.org/10.1108/1409170610665068

[42]   Dayson, R.G. and Foster, M.J. (1982) The Relationship of Participation and Effectiveness in Strategic Planning. Strategic Management Journal, 3, 77-88.
https://doi.org/10.1002/smj.4250030107

[43]   Eggers, J.P. and Kaplan, S. (2013) Cognition and Capabilities: A Multi-Level Perspective. Academy of Management Annals, 7, 295-340.
https://doi.org/10.1080/19416520.2013.769318

[44]   Lines, R. (2004) Influence of Participation in Strategic Change: Resistance, Organizational Commitment and Change Goal Achievement. Journal of Change Management, 4, 193-215.
https://doi.org/10.1080/1469701042000221696

[45]   Bartlett, J.E. Kotrlik, J.W. and Higgins, C. (2001) Organizational Research: Determining Appropriate Sample Size in Survey Research. Information Technology, Learning and Performance Journal, 19, 43-50.

[46]   Holcomb, T.R., Holmes, R.M. and Connelly, B.L. (2009) Making the Most of What You Have: Managerial Ability as Source of Resource Value Creation. Strategic Management Journal, 30, 457-485.
https://doi.org/10.1002/smj.747

[47]   Barney, J.B. (2001) Resource-Based Theories of Competitive Advantage: A Ten Year Retrospective on the Resource-Based View. Journal of Management, 27, 643-650.
https://doi.org/10.1177/014920630102700602

[48]   Newbert, S.L. (2007) Empirical Research on Resource Based View of the Firm: An Assessment and Suggestions for Future Research. Strategic Management Journal, 28, 121-146.
https://doi.org/10.1002/smj.573

 
 
Top