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Title: A Question of Fit: The Links among Environment, Strategy Formulation, and Performance

Authors: Robert J. Harrington; David J. Lemak; Richard Reed; Kenneth W. Kendall

Addresses: Author address listing can be found in the "About the Authors" section at the end of the article.

Abstract: This study replicates and extends previous research on strategy formulation. Specifically, it examines the effect that environmental dynamism has on realized strategies that were initially intended versus those that emerged during the formulation process. We argue that firms match their strategy-formulation process with the level of dynamism, and that a fit between the balance of deliberate and emergent strategies with the environment enhances financial performance. Support for those arguments was found using a sample of firms drawn from industries that allowed us to maximize dynamism heterogeneity.

Keywords: Strategy formulation; environmental dynamism; emergent strategies; financial performance.

DOI: 10.1504/JBM.2004.141122

Journal of Business and Management, 2004 Vol.10 No.1, pp.15 - 38

Published online: 05 Sep 2024 *