Should entrepreneurs plan or just storm the castle? A meta-analysis on contextual factors impacting the business planning-performance relationship in small firms

Jan Brinckmann, Dietmar Grichnik, Diana Kapsa

Producció científica: Article en revista indexadaArticleAvaluat per experts

447 Cites (Scopus)

Resum

Entrepreneurship research engages in an intense debate about the value of business planning. Prior empirical findings have been fragmented and contradictory. This study contributes insights to the business planning discussion by following an evidence-based research approach. We conduct a meta-analysis on the business planning-performance relationship and specifically focus on contextual factors moderating the relationship. Results indicate that planning is beneficial, yet contextual factors such as newness of the firms and the cultural environment of firms significantly impact the relationship. Based on this evidence, we propose a concomitant and dynamic approach that combines planning and learning.

Idioma originalAnglès
Pàgines (de-a)24-40
Nombre de pàgines17
RevistaJournal of Business Venturing
Volum25
Número1
DOIs
Estat de la publicacióPublicada - de gen. 2010
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