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CHAPTER 1 • THE NATURE OF STRATEGIC MANAGEMENT 25
Notes
1. Kathy Kiely, “Officials Say Auto CEOs Must Be Specific 14. Jack Pearce and Richard Robinson, Strategic Management,
on Plans,” USA Today (November 24, 2008): 3B. 7th ed. (New York: McGraw-Hill, 2000): 8.
2. Peter Drucker, Management: Tasks, Responsibilities, and 15. Ann Langley, “The Roles of Formal Strategic Planning,”
Practices (New York: Harper & Row, 1974): 611. Long Range Planning 21, no. 3 (June 1988): 40.
3. Alfred Sloan, Jr., Adventures of the White Collar Man 16. Bernard Reimann, “Getting Value from Strategic Planning,”
(New York: Doubleday, 1941): 104. Planning Review 16, no. 3 (May–June 1988): 42.
4. Quoted in Eugene Raudsepp, “Can You Trust Your 17. G. L. Schwenk and K. Schrader, “Effects of Formal
Hunches?” Management Review 49, no. 4 Strategic Planning in Financial Performance in Small
(April 1960): 7. Firms: A Meta-Analysis,” Entrepreneurship and Practice
5. Stephen Harper, “Intuition: What Separates Executives 3, no. 17 (1993): 53–64. Also, C. C. Miller and
from Managers,” Business Horizons 31, no. 5 L. B. Cardinal, “Strategic Planning and Firm
(September–October 1988): 16. Performance: A Synthesis of More Than Two Decades
6. Ron Nelson, “How to Be a Manager,” Success of Research,” Academy of Management Journal 6, no. 27
(July–August 1985): 69. (1994): 1649–1665; Michael Peel and John Bridge,
7. Bruce Henderson, Henderson on Corporate Strategy “How Planning and Capital Budgeting Improve SME
(Boston: Abt Books, 1979): 6. Performance,” Long Range Planning 31, no. 6 (October
8. Robert Waterman, Jr., The Renewal Factor: How the Best 1998): 848–856; Julia Smith, “Strategies for Start-Ups,”
Get and Keep the Competitive Edge (New York: Bantam, Long Range Planning 31, no. 6 (October 1998):
1987). See also BusinessWeek (September 14, 1987): 100. 857–872.
Also, see Academy of Management Executive 3, no. 2 18. Gordon Greenley, “Does Strategic Planning Improve
(May 1989): 115. Company Performance?” Long Range Planning 19, no. 2
9. Jayne O’Donnell, “Shoppers Flock to Discount Stores,” (April 1986): 106.
USA Today (February 25, 2009): B1. 19. Adapted from www.mindtools.com/plreschn.html.
10. Ethan Smith, “How Old Media Can Survive in a New 20. Adapted from www.des.calstate.edu/limitations.html and
World,” Wall Street Journal (May 23, 2005): R4. www.entarga.com/stratplan/purposes.html
11. Daniel Delmar, “The Rise of the CSO,” Organization 21. Dale McConkey, “Planning in a Changing Environment,”
Design (March–April 2003): 8–10. Business Horizons (September–October 1988): 66.
12. John Pearce II and Fred David, “The Bottom Line on 22. R. T. Lenz, “Managing the Evolution of the Strategic
Corporate Mission Statements,” Academy of Management Planning Process,” Business Horizons 30, no. 1
Executive 1, no. 2 (May 1987): 109. (January–February 1987): 39.
13. Fred R. David, “How Companies Define Their Mission,” 23. Frederick Gluck, “Taking the Mystique out of Planning,”
Long Range Planning 22, no. 1 (February 1989): 91. Across the Board (July–August 1985): 59.
Current Readings
Adegbesan, J Adetunji. “On the Origins of Competitive Davis, Alan, and Eric M. Olson. “Critical Competitive Strategy
Advantage: Strategic Factor Markets and Heterogeneous Issues Every Entrepreneur Should Consider Before Going
Resources Complementarity.” Academy of Management into Business.” Business Horizons 51, no. 3 (May–June
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Amabile, Teresa M., and Mukti Khaire. “Creativity and the Dominguez, Damian, Hagen Worch, Jachen Markard, Bernhard,
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Strategy: Special Issue Introduction by the Guest Editors.” Hansen, Morten T. “When Internal Collaboration Is Bad for
Long Range Planning 41, no. 3 (June 2008): 241. Your Company.” Harvard Business Review (April 2009):
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Business Review (May 2008): 98. Joseph, John, and William Ocasio. “Rise and Fall or
Carroll, Paul B., and Chunka Mui. “Seven Ways to Fail Big.” Transformation? The Evolution of Strategic Planning at
Harvard Business Review (September 2008): 82. the General Electric Company, 1940–2006.” Long Range
Chen, Ming-Jer, and Donald C. Hambrick. “New Academic Fields Planning 41, no. 3 (June 2008): 248.
as Admittance-Seeking Social Movements: The Case of Malhotra, Deepak, Gillian, Ku, and Keith J. Murnighan. “When
Strategic Management.” The Academy of Management Winning Is Everything.” Harvard Business Review
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