IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i15p6690-d1450137.html
   My bibliography  Save this article

Strategic Planning and Organizational Performance: An Empirical Study on the Manufacturing Sector

Author

Listed:
  • Kawar Mohammed Mousa

    (Department of Business Administration, Near East University, North Cyprus, via Mersin 10, Nicosia 99138, Turkey)

  • Khairi Ali Auso Ali

    (Department of Business Administration, Near East University, North Cyprus, via Mersin 10, Nicosia 99138, Turkey)

  • Sabahat Gurler

    (Department of Innovation and Knowledge Management, Near East University, North Cyprus, via Mersin 10, Nicosia 99138, Turkey)

Abstract

In this research, the primary goal was to investigate the relationship between strategic planning and organizational performance in Iraq’s manufacturing context. This study’s primary data sources were 360 manager respondents. A structured questionnaire was used to collect primary data from manufacturing firms located throughout Iraq. To analyze the results, the researchers used descriptive statistics, correlation, and multiple regression analysis. SPSS version 16 software was used to conduct data analysis. The results reveal that the process of strategic planning has a beneficial effect on financial performance. Environmental scanning has a statistically significant positive effect on a company’s nonfinancial performance. Management participation and planning formality positively and statistically significantly affect a business’s nonfinancial performance at the 10 percent level. The domain of strategy and technique does not impact a company’s nonfinancial performance.

Suggested Citation

  • Kawar Mohammed Mousa & Khairi Ali Auso Ali & Sabahat Gurler, 2024. "Strategic Planning and Organizational Performance: An Empirical Study on the Manufacturing Sector," Sustainability, MDPI, vol. 16(15), pages 1-17, August.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:15:p:6690-:d:1450137
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/15/6690/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/15/6690/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Muhammad Anwar, 2018. "BUSINESS MODEL INNOVATION AND SMEs PERFORMANCE — DOES COMPETITIVE ADVANTAGE MEDIATE?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(07), pages 1-31, October.
    2. David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
    3. Peter J Buckley & Timothy M Devinney & Jordan J Louviere, 2007. "Do managers behave the way theory suggests? A choice-theoretic examination of foreign direct investment location decision-making," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 38(7), pages 1069-1094, December.
    4. Willie E. Hopkins & Shirley A. Hopkins, 1997. "Strategic planning–financial performance relationships in banks: a causal examination," Strategic Management Journal, Wiley Blackwell, vol. 18(8), pages 635-652, September.
    5. repec:eme:mrn000:01409170610683851 is not listed on IDEAS
    6. Birger Wernerfelt, 1984. "A resource‐based view of the firm," Strategic Management Journal, Wiley Blackwell, vol. 5(2), pages 171-180, April.
    7. Gregory A. Baker, 2003. "Strategic Planning and Financial Performance in the Food Processing Sector," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(2), pages 470-482.
    8. William Q. Judge & Thomas J. Douglas, 1998. "Performance Implications of Incorporating Natural Environmental Issues into the Strategic Planning Process: An Empirical Assessment," Journal of Management Studies, Wiley Blackwell, vol. 35(2), pages 241-262, March.
    9. Kirdina E. G. & Fedorko I. P., 2013. "Business quality management strategies," Вісник економіки транспорту і промисловості, CyberLeninka;Украинская государственная академия железнодорожного транспорта, issue 44, pages 148-152.
    10. Singh Chauhan, Bhagirath (ed.), 2013. "Management strategies for weedy rice in Asia," IRRI Books, International Rice Research Institute (IRRI), number 164498.
    11. Peter W. Roberts, 1999. "Product innovation, product–market competition and persistent profitability in the U.S. pharmaceutical industry," Strategic Management Journal, Wiley Blackwell, vol. 20(7), pages 655-670, July.
    12. Gregory A. Baker, 2003. "Strategic Planning and Financial Performance in the Food Processing Sector," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(2), pages 470-482.
    13. Brian Gibson & Gavin Cassar, 2005. "Longitudinal Analysis of Relationships between Planning and Performance in Small Firms," Small Business Economics, Springer, vol. 25(3), pages 207-222, October.
    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. Liu, Zuoming, 2020. "Unraveling the complex relationship between environmental and financial performance ─── A multilevel longitudinal analysis," International Journal of Production Economics, Elsevier, vol. 219(C), pages 328-340.
    2. Anne Norheim-Hansen, 2018. "The Virtues of Green Strategies: Some Empirical Support from the Alliance Context," Journal of Business Ethics, Springer, vol. 151(4), pages 1161-1173, September.
    3. Kathryn Rudie Harrigan & Yunzhe Fang, 2020. "The financial benefits of persistently high forward citations," The Journal of Technology Transfer, Springer, vol. 45(2), pages 619-647, April.
    4. Ines Karra, 2021. "Resources and green strategic intent: towards improving the competitiveness of Tunisian industrial companies," SN Business & Economics, Springer, vol. 1(4), pages 1-25, April.
    5. Wilden, Ralf & Leiblein, Michael J. & Lin, Nidthida, 2024. "Exploring performance heterogeneity: Integrative insights from strategic management and marketing," Journal of Retailing and Consumer Services, Elsevier, vol. 79(C).
    6. Maziriri E T & Chinomona E, 2016. "Modeling the Influence of Relationship Marketing, Green Marketing and Innovative Marketing on the Business Performance of Small, Medium and Micro Enterprises (SMMES)," Journal of Economics and Behavioral Studies, AMH International, vol. 8(3), pages 127-139.
    7. Francisco Antunes & Leandro F. Pereira & Álvaro L. Dias & Rui Vinhas Silva, 2023. "Flexible labour policies as competitive advantage," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(4), pages 563-590, December.
    8. Brinckmann, Jan & Grichnik, Dietmar & Kapsa, Diana, 2010. "Should entrepreneurs plan or just storm the castle? A meta-analysis on contextual factors impacting the business planning-performance relationship in small firms," Journal of Business Venturing, Elsevier, vol. 25(1), pages 24-40, January.
    9. Hafiz Muhammad Shahid & Rafay Waseem & Humayoon Khan & Faria Waseem & Muhammad Junaid Hasheem & Yangyan Shi, 2020. "Process Innovation as a Moderator Linking Sustainable Supply Chain Management with Sustainable Performance in the Manufacturing Sector of Pakistan," Sustainability, MDPI, vol. 12(6), pages 1-24, March.
    10. Yan Jingwen & Azmawani Abd Rahman & Tong Tong, 2022. "Research on the Impact of BMI on Enterprise Performance Based on the Antecedence of Risk Perception," Sustainability, MDPI, vol. 14(23), pages 1-22, November.
    11. Rajneesh Narula & Christian Geisler Asmussen & Tailan Chi & Sumit Kumar Kundu, 2019. "Applying and advancing internalization theory: The multinational enterprise in the twenty-first century," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(8), pages 1231-1252, October.
    12. Peter E. Harland & Zakir Uddin & Sven Laudien, 2020. "Product platforms as a lever of competitive advantage on a company-wide level: a resource management perspective," Review of Managerial Science, Springer, vol. 14(1), pages 137-158, February.
    13. Bruno Michel Roman Pais Seles & Janaina Mascarenhas & Ana Beatriz Lopes de Sousa Jabbour & Adriana Hoffman Trevisan, 2022. "Smoothing the circular economy transition: The role of resources and capabilities enablers," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1814-1837, May.
    14. Arie Y Lewin & Silvia Massini & Carine Peeters, 2020. "Absorptive capacity, socially enabling mechanisms, and the role of learning from trial and error experiments: A tribute to Dan Levinthal’s contribution to international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(9), pages 1568-1579, December.
    15. André de Abreu Saraiva Monteiro Alves & Fernando Manuel Pereira de Oliveira Carvalho, 2022. "How Dynamic Managerial Capabilities, Entrepreneurial Orientation, and Operational Capabilities Impact Microenterprises’ Global Performance," Sustainability, MDPI, vol. 15(1), pages 1-23, December.
    16. Claudio Vitari & Elisabetta Raguseo, 2016. "Big data value and financial performance: an empirical investigation [Digital data, dynamic capability and financial performance: an empirical investigation in the era of Big Data]," Post-Print halshs-01923271, HAL.
    17. Ahmad Ibrahim Aljumah & Mohammed T. Nuseir & Md. Mahmudul Alam, 2021. "Traditional marketing analytics, big data analytics and big data system quality and the success of new product development," Post-Print hal-03538161, HAL.
    18. David G. Sirmon & Michael A. Hitt, 2003. "Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms," Entrepreneurship Theory and Practice, , vol. 27(4), pages 339-358, October.
    19. Nils Grashof, 2020. "Sinking or swimming in the cluster labour pool? A firm-specific analysis of the effect of specialized labour," Jena Economics Research Papers 2020-006, Friedrich-Schiller-University Jena.
    20. Jim Andersén, 2023. "Green resource orchestration: A critical appraisal of the use of resource orchestration in environmental management research, and a research agenda for future study," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 5506-5520, December.

    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:gam:jsusta:v:16:y:2024:i:15:p:6690-:d:1450137. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.