Most aspects of strategic planning are well known and widely documented. Virtually all large organizations use a formal strategic planning process. While the benefits from effective strategic planning are evident to most businesses, small business owners/managers often plan poorly. Many contend...

Numerous articles in academic publications as well as practitioner-oriented journals have emphasized the importance of strategic planning, not only for large firms but for small businesses as well. However, research findings regarding planning come principally from industrialized countries...