Twenty years ago strategy was synonymous with formalised strategic planning. Nowadays, althoughstrategic planning systems still exist in organisations, they are not seen as the main or only vehiclethrough which strategies actually develop. It is recognised that other managerial processes play...

The measurement of performance is critical to nearly all managerial disciplines. Yet, we know little about the aggregation characteristics of the components of performance and how our notion of a quot;good performing firmquot; relates to what it is that we use as a dependent variable. In this...