战略规划、预算监督和增长乐观主义:来自澳大利亚中小企业的证据

IF 4 Q2 BUSINESS European Business Review Pub Date : 2024-04-18 DOI:10.1108/ebr-09-2023-0285
John Rice, Nigel Martin, Muhammad Mustafa Raziq, Mumtaz Ali Memon, Peter Fieger
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引用次数: 0

摘要

目的 增长乐观主义描述了企业未来的预期增长,是战略中一个重要但未被充分探索的概念。本文旨在利用澳大利亚小型企业的大量样本来评估这种增长乐观主义的规划前因。作者使用了澳大利亚统计局(ABS)在澳大利亚中小企业(SMEs)中收集的二手数据集。分析采用回归方法,包括中介路径和非中介路径,以探讨战略规划和预算规划与管理对预期未来收入的直接和间接影响。研究结果本文评估了同时具备战略规划和财务管理动态能力对预期未来收入增长(一种重要的倾向性动态能力)的影响。作者指出,这种行动和预设的配置与增长的必要条件密切相关。研究局限/启示在理论贡献方面,本文有力地支持了与效应战略相关的正式/非正式辩论中的正式观点。作者认为,适当的战略和预算规划与控制系统可以抵消组织混乱和管理者的反复无常,从而提高管理者及其员工对未来资源承诺和计划的信心。对于寻求未来销售增长的管理者来说,规划是一项重要的先行活动。财务和战略规划的存在可能会促使企业做出推动未来增长的重要投资决策。此外,更好地了解公司当前和未来的战略和财务状况,也可能证明公司管理有效,而这种情况反过来又会推动公司的增长。社会影响在社会和政策影响方面,澳大利亚统计局为调查收集的数据是有关商业实践的宝贵信息。法律要求澳大利亚企业定期报告预算计划和结果。研究表明,这些数据可以为政策措施提供信息,特别是在帮助小型和年轻企业进行前瞻性战略和预算规划的计划方面。原创性/价值据作者所知,这是第一篇研究中小企业战略和财务规划以及预期销售增长的特殊配置的论文。
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Strategic planning, budget monitoring and growth optimism: evidence from Australian SMEs

Purpose

Growth optimism, which describes the expected future growth of a firm, is an important but underexplored construct in strategy. This paper aims to assess the planning antecedents of such growth optimism by using a large Australian sample of small enterprises.

Design/methodology/approach

The authors use a secondary data set, gathered among Australian small to medium enterprises (SMEs), by the Australian Bureau of Statistics (ABS). The analysis adopts a regression approach including a mediated and a non-mediated path to explore the direct and indirect effects of strategic planning and budgetary planning and management on expected future revenues.

Findings

This paper assesses the implications of concurrent strategic planning and financial management dynamic capabilities on anticipated future revenue growth, an important predisposition dynamic capability. The authors note that this configuration of actions and predisposition aligns closely with the necessary requirements for growth. The findings suggest that firms that use strategic planning and robust budget planning and monitoring processes exhibit higher optimism about future sales growth and firms that effectively configure these planning activities with market development tend to exhibit higher growth and more growth optimism.

Research limitations/implications

In terms of theoretical contributions, the paper strongly supports the formality view in the formal/informal debates associated with effectuation strategies. The authors suggest that appropriate strategic and budgetary planning and control systems act as a counterbalance to organisational confusion and managerial capriciousness, leading to improved confidence among managers and their employees regarding future resource commitments and plans.

Practical implications

The findings of the paper are potentially important for both managers and policy makers. For managers seeking to grow their future sales, planning is shown to be an important antecedent activity. The presence of financial and strategic planning may predispose firms to make important investment decisions that drive future growth. Also, a better understanding of the firm’s current and future strategic and financial position may be evidence of effective firm management, a situation that, in turn, drives growth.

Social implications

In terms of social and policy implications, the data gathered for the survey by the ABS forms a valuable collection of information in relation to business practices. Australian firms are required by law to regularly report budget plans and outcomes. The research suggests that this data can inform policy initiatives, particularly in relation to programmes that may assist small and young firms to undertake prospective strategic and budgetary planning.

Originality/value

To the best of the authors’ knowledge, this is the first paper to investigate the particular configuration of strategic and financial planning and anticipated sales growth in the SME context.

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CiteScore
8.30
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4.80%
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34
期刊介绍: Articles should cover the key business disciplines - management, leadership, marketing, logistics, strategy, quality management, entrepreneurship, business ethics, international business, operations management, manufacturing, accounting and finance - specifically relating to experiences and reflections of interest to business and academia worldwide.
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