IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v7y2023i9p11-20.html
   My bibliography  Save this article

The Interplay between Strategic Planning and Firm Competitiveness

Author

Listed:
  • Dr. Daniel Masaga Barante

    (Lecturer, Scott Christian University. Kenya)

Abstract

Organizations around the world are progressively adopting strategic planning practices with the anticipation of yielding improved performance outcomes to attain competitive advantage. Previous research primarily focused on the direct correlation between strategic planning and performance, overlooking the nuances of the individual steps comprising the strategic planning process. The execution and extent of each step within this process can potentially influence the anticipated outcomes of strategic planning efforts. The study sought to test the influence of strategy formulation, strategy selection, strategy implementation and monitoring and evaluation on the competitiveness of manufacturing firms in Kenya. Quantitative analysis was utilized with the aim of empirically ascertaining the correlation between the variables of interest, employing relevant statistical techniques for data analysis. The chosen methodology was centered on a survey design, which proved to be the most fitting technique for effectively accomplishing the research objectives. The primary focus of the study was on top-level management individual (chief executive officers, general managers, and line managers) where sample sizes of 71 top managers in the manufacturing sector were involved in the study. The results of the correlation analysis underscore a robust association between strategic planning and firm competitivess. Moreover, it is noteworthy that all strategic planning steps, including strategy formulation, strategy selection, and establishing implementation, and monitoring and evaluation exhibited positive correlations with organizational competitiveness.

Suggested Citation

  • Dr. Daniel Masaga Barante, 2023. "The Interplay between Strategic Planning and Firm Competitiveness," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(9), pages 11-20, September.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:9:p:11-20
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-7-issue-9/11-20.pdf
    Download Restriction: no
    File URL: https://www.rsisinternational.org/journals/ijriss/articles/the-interplay-between-strategic-planning-and-firm-competitiveness/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Phillip E. Davis & Joshua S. Bendickson, 2021. "Strategic antecedents of innovation: Variance between small and large firms," Journal of Small Business Management, Taylor & Francis Journals, vol. 59(1), pages 47-72, January.
    2. Sarah Kaplan, 2011. "Strategy and PowerPoint: An Inquiry into the Epistemic Culture and Machinery of Strategy Making," Organization Science, INFORMS, vol. 22(2), pages 320-346, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Darbi, William Phanuel Kofi & Knott, Paul, 2016. "Strategising practices in an informal economy setting: A case of strategic networking," European Management Journal, Elsevier, vol. 34(4), pages 400-413.
    2. Ashish Arora & Michelle Gittelman & Sarah Kaplan & John Lynch & Will Mitchell & Nicolaj Siggelkow & Philip Gylfe & Henrika Franck & Curtis Lebaron & Saku Mantere, 2016. "Video methods in strategy research: Focusing on embodied cognition," Strategic Management Journal, Wiley Blackwell, vol. 37(1), pages 133-148, January.
    3. Elbasha, Tamim & Avetisyan, Emma, 2018. "A framework to study strategizing activities at the field level: The example of CSR rating agencies," European Management Journal, Elsevier, vol. 36(1), pages 38-46.
    4. Michael Lounsbury & Christine M. Beckman, 2015. "Celebrating Organization Theory," Journal of Management Studies, Wiley Blackwell, vol. 52(2), pages 288-308, March.
    5. Tomi Laamanen, 2019. "Dynamic attention-based view of corporate headquarters in MNCs," Journal of Organization Design, Springer;Organizational Design Community, vol. 8(1), pages 1-15, December.
    6. Franck Aggeri, 2017. "How can performativity contribute to management and organization research? Theoretical perspectives and analytical framework [Qu'est-ce que la performativité peut apporter aux recherches en managem," Post-Print hal-01609172, HAL.
    7. Marc Fréchet & Hervé Goy, 2017. "Does strategy formalization foster innovation? Evidence from a French sample of small to medium-sized enterprises," Post-Print hal-01623788, HAL.
    8. Eero Vaara & Laura Fritsch, 2022. "Strategy as language and communication: Theoretical and methodological advances and avenues for the future in strategy process and practice research," Strategic Management Journal, Wiley Blackwell, vol. 43(6), pages 1170-1181, June.
    9. Xiaoli Zhao & David R. Stiles, 2024. "Stuck in Limbo: how sensemaking discrepancy over strategy-related performance leads to disjointed collaboration in an international joint venture," Asia Pacific Journal of Management, Springer, vol. 41(2), pages 903-945, June.
    10. Alexis Laszczuk & Lionel Garreau, 2015. "Le journal de bord sibyllique : de l’importance des anticipations dans le processus de construction de sens du chercheur en immersion," Post-Print hal-01649597, HAL.
    11. Poul Houman Andersen & Lars Esbjerg, 2020. "Weaving a strategy for a base‐of‐the‐pyramid market: The case of Grundfos LIFELINK," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3687-3701, December.
    12. Jørgensen, Lene & Jordan, Silvia & Mitterhofer, Hermann, 2012. "Sensemaking and discourse analyses in inter-organizational research: A review and suggested advances," Scandinavian Journal of Management, Elsevier, vol. 28(2), pages 107-120.
    13. Alaric Bourgoin & Fabian Muniesa, 2012. "Making a consultancy slideshow 'rock solid': a study of pragmatic efficacy," CSI Working Papers Series 027, Centre de Sociologie de l'Innovation (CSI), Mines ParisTech.
    14. Jarzabkowski, Paula & Paul Spee, Andreas & Smets, Michael, 2013. "Material artifacts: Practices for doing strategy with ‘stuff’," European Management Journal, Elsevier, vol. 31(1), pages 41-54.
    15. Virpi Sorsa & Eero Vaara, 2020. "How Can Pluralistic Organizations Proceed with Strategic Change? A Processual Account of Rhetorical Contestation, Convergence, and Partial Agreement in a Nordic City Organization," Organization Science, INFORMS, vol. 31(4), pages 839-864, July.
    16. Stella Pachidi & Hans Berends & Samer Faraj & Marleen Huysman, 2021. "Make Way for the Algorithms: Symbolic Actions and Change in a Regime of Knowing," Organization Science, INFORMS, vol. 32(1), pages 18-41, January.
    17. Ruthanne Huising, 2019. "Moving off the Map: How Knowledge of Organizational Operations Empowers and Alienates," Organization Science, INFORMS, vol. 30(5), pages 1054-1075, September.
    18. Walsh, John N., 2015. "Developing new categories of knowledge acquisition, translation and dissemination by technological gatekeepers," International Journal of Information Management, Elsevier, vol. 35(5), pages 594-605.
    19. Alaimo, Cristina & Kallinikos, Jannis, 2022. "Organizations decentered: data objects, technology and knowledge," LSE Research Online Documents on Economics 112470, London School of Economics and Political Science, LSE Library.
    20. Mueller, Frank, 2018. "Taking Goffman seriously: Developing Strategy-as-Practice," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 53(C), pages 16-30.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:7:y:2023:i:9:p:11-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.