Araştırma Makalesi
BibTex RIS Kaynak Göster

The Role of Strategic Planning and Productivity in Predicting Competitive Advantage

Yıl 2024, , 83 - 91, 22.04.2024
https://doi.org/10.16951/trendbusecon.1468564

Öz

Studies have been conducted to determine the nature of the relationship between strategic planning and competitive advantage, with some studies presenting that strategic planning has an impact on the organisation's competitive advantage, while other studies present that strategic planning has no impact on competitive advantage. Therefore, this research was conducted to settle this existing inconclusive debate by including a contingency variable as a mediator of this relationship using data collected from management employees of TAZARA. The research study contributes to the literature by determining the mediating effect of productivity on the relationship between strategic planning (SP) and competitive advantage. Reliability, model fit and validity were tested using factor analysis, principal component analysis and regression analysis using Jamovi software. The results of the study show that there is a positive significant relationship between strategic planning (SP) and competitive advantage, and also between productivity and competitive advantage. Productivity was found to partially mediate the relationship between strategic planning and competitive advantage. The results of this study would help decision makers to focus more on productivity when implementing strategic planning in order to survive this tense, fierce competition of the 21st century. Replication of this study in other industries is recommended. Future studies should also include other moderating and/or mediating variables.

Kaynakça

  • Barry, B. W. (1997). Strategic planning workbook for nonprofit organizations. Amherst H. Wilder Foundation.
  • Bazina, A. (2021). Strategic planning and its impact on persistent profitability and productivity in African agriculture sector. Multi-Knowledge Electronic Comprehensive Journal for Education and Science Publications. mecsj.
  • Berhanu, N. (2019). Total Quality Management (TQM), Competitive Advantage and Ownership in Ethiopian Construction Sector, thesis, Addis Ababa University [online] http://etd.aau.edu.et/ handle/123456789/16056.
  • Boyne, G., & Gould-Williams, J. (2003). Planning and performance in Public Organizations an Empirical Analysis. Public Management Review, 5(1), 115-132.
  • Carayannis, E., & Grigoroudis, E. (2014). Linking innovation, productivity, and competitiveness: implications for policy and practice. The Journal of Technology Transfer, 39(2), 199-218.
  • Dresch, A., Collatto, D. C., & Lacerda, D. P. (2018). Theoretical understanding between competitiveness and productivity: firm level. Ingeniería y competitividad, 20(2), 69-86.
  • Falshaw, J. R., Glaister, K. W., & Tatoglu, E. (2006). Evidence on formal strategic planning and company performance. Management Decision, 44(1), 9-30.
  • Fan, K., O’Sullivan, C., Brabazon, A., and O’Neill, M. (2008). Non-linear principal component analysis of the implied volatility smile using a quantum-inspired evolutionary algorithm. In Natural computing in computational finance (pp. 89-107). Springer, Berlin, Heidelberg
  • French, S.J., Kelly, S.J. & Harrison, J.L. (2004). The Role of Strategic Planning in the Performance of Small Professional Service Firms: A Research Note, Journal of Management Development, 23(8),765-776.https://doi.org/10.1108/02621710410549611
  • George, B., Walker, R. M., & Monster, J. (2019). Does strategic planning improve organizational performance? A meta‐analysis. Public Administration Review, 79(6), 810-819.
  • Gichovi, P. M. (2019). Strategic planning and competitive advantage at family bank limited (Thesis, university of Nairobi).
  • Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Canonical correlation: A supplement to multivariate data analysis. Multivariate Data Analysis: A Global Perspective, 7th ed.; Pearson Prentice Hall Publishing: Upper Saddle River, NJ, USA.
  • Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2006). Structural equation modeling: An introduction. Multivariate data analysis. 6th Edition. New Jersey: Pearson Prentice Hall, 752-753.
  • Hilmy, A. M. (2016). Effect of total quality management practices on competitive advantage of transport and logistics firms in Mombasa County, Kenya (Thesis, University of Nairobi).
  • Innocent, I. E., & Levi, N. N. (2017). Effects of strategic planning on organizational performance (A Study of Nigerian Bottling Company, Enugu). International Journal of Economics and Business Management, 3(9), 1-12.
  • Kaleka, A., & Morgan, N. A. (2017). Which competitive advantage (s)? Competitive advantage–market performance relationships in international markets. Journal of International Marketing, 25(4), 25-49.
  • Kiiyo, M. (2019). The Role of Employee Behaviour and Organizational Structure In The Relationship Between Strategic Planning And Competitive Advantage Of Large Manufacturing Firms In Kenya (Thesis, University of Nairobi).
  • Kotler, P. (2000). Marketing Management, New Jersey: Prentice Hall.
  • Krejcie, R. V., & Morgan, D. W. (1970). Determining sample size for research activities. Educational and psychological measurement, 30(3), 607-610.
  • Landau, S., & Everitt, B. S. (2003). A handbook of statistical analyses using SPSS. Chapman and Hall/CRC.
  • Miller, S., Wilson, D., & Hickson, D. (2004). Beyond planning: Strategies for successfully implementing strategic decisions. Long range planning, 37(3), 201-218.
  • Mulyaningsih, M., Danial, R., Komariah, K., Firdausijah, R., & Yuniarti, Y. (2021). The effect of strategic planning on competitive advantages of small and medium enterprises. Management Science Letters, 11(2), 411-416.
  • Ngige, C. D. (2017). Strategic Planning and Productivity in Organizations: A Study of Selected SMEs in Anambra State. African Journal of Education, 3(4), 122.
  • Nunnally, J.D. (1978). Psychometric Theory (2nd ed), New York: McGraw-Hill.
  • Olusanya, S. O., Awotungase, S. A., & Ohadebere, E. C. (2012). Effective planning and organizational productivity: A case study of Sterling Bank Nigeria Plc. Journal of Humanities and Social Sciences, 5(5), 31-39.
  • O'Regan, N., & Ghobadian, A. (2005). The strategic planning process: a navigational tool for competitive advantage. International Journal of Process Management and Benchmarking, 1(1), 63-81.
  • Powell, T. C. (1992). Research notes and communications strategic planning as competitive advantage. Strategic management journal, 13(7), 551-558.
  • Prasad, K. D., Jha, S. K., & Prakash, A. (2015). Quality, productivity and business performance in home based brassware manufacturing units. International Journal of Productivity and Performance Management. 64(2), 270-287. https://doi.org/10.1108/IJPPM-02-2014-0029
  • Sara, I., Saputra, K. A. K., & Utama, I. W. K. J. (2021). The Effects of Strategic Planning, Human Resource and Asset Management on Economic Productivity: A Case Study in Indonesia. The Journal of Asian Finance, Economics and Business, 8(4), 381-389.
  • Terziovski, M. (2006). Quality management practices and their relationship with customer satisfaction and productivity improvement. Management Research News, 29(7), 414-424.
  • Tryson, Y. (2022). The Mediating Effect of Customer Focus on the Relationship Between Strategic Planning and Competitive Advantage in Railway Sector. Journal of Operations and Strategic Planning, 5(1), 59-81.
  • Yangailo, T. (2023a). The Mediating and Moderating Effect of Total Quality Management Practices on the Association between Strategic Planning and Competitive Advantage: The Case of Railway Sector. International Journal of Productivity and Quality Management. DOI:10.1504/IJPQM.2022.10045473
  • Yangailo, T. (2022). The Impact of Quality Results and Important Innovation as TQM Practices on Organisational Productivity: The case of Railway Sector. Proceedings on Engineering Sciences,4(3),327-336. DOI:10.24874/PES04.03.010
  • Yangailo, T. (2023b). The mediating effect of TQM practices on the relationship between strategic planning and productivity. Management Science Letters, 13(2), 136-149.
  • Yangailo, T.,Kabela,J.,& Turyatunga, H. (2023). The Impact of Total Quality Management Practices on Productivity in the Railway Sector in African Context. Proceedings on Engineering Sciences, 5(1), DOI: 10.24874/PES05.01.015

Rekabet Avantajını Tahmin Etmede Stratejik Planlama ve Verimliliğin Rolü

Yıl 2024, , 83 - 91, 22.04.2024
https://doi.org/10.16951/trendbusecon.1468564

Öz

Stratejik planlama ve rekabet avantajı arasındaki ilişkinin niteliğini belirlemeye yönelik çalışmalar yapılmış ve bazı çalışmalar stratejik planlamanın bir kuruluşun rekabet avantajı üzerinde etkisi olduğunu bulurken, diğer çalışmalar stratejik planlamanın rekabet avantajı üzerinde bir etkisi olmadığını bulmuştur. Bu nedenle, bu araştırma, TAZARA'nın yönetici çalışanlarından toplanan veriler kullanılarak bu ilişkinin aracı değişkeni olarak bir durumsallık değişkenini dahil ederek mevcut sonuçsuz tartışmayı çözmek için yapılmıştır. Araştırma, stratejik planlama (SP) ve rekabet avantajı arasındaki ilişkide verimliliğin aracılık etkisini tespit ederek literatüre katkıda bulunmaktadır. Güvenilirlik, model uyumu ve geçerlilik faktör analizi kullanılarak test edilmiştir. Temel bileşenler analizi ve regresyon analizi Jamovi yazılımı kullanılarak gerçekleştirilmiştir. Çalışmanın sonuçları stratejik planlama (SP) ile rekabet avantajı arasında ve ayrıca verimlilik ile rekabet avantajı arasında anlamlı pozitif bir ilişki olduğunu göstermektedir. Verimliliğin stratejik planlama ve rekabet avantajı arasındaki ilişkiye kısmen aracılık ettiği bulunmuştur. Bu çalışmanın sonuçları, karar vericilerin 21. yüzyılın bu gergin ve şiddetli rekabetinde ayakta kalabilmek için stratejik planlamayı uygularken verimliliğe daha fazla odaklanmalarına yardımcı olacaktır. Bu çalışmanın diğer sektörlerde de tekrarlanması tavsiye edilmektedir. Gelecekteki çalışmalar, diğer ılımlaştırıcı ve/veya aracı değişkenleri de içermelidir.

Kaynakça

  • Barry, B. W. (1997). Strategic planning workbook for nonprofit organizations. Amherst H. Wilder Foundation.
  • Bazina, A. (2021). Strategic planning and its impact on persistent profitability and productivity in African agriculture sector. Multi-Knowledge Electronic Comprehensive Journal for Education and Science Publications. mecsj.
  • Berhanu, N. (2019). Total Quality Management (TQM), Competitive Advantage and Ownership in Ethiopian Construction Sector, thesis, Addis Ababa University [online] http://etd.aau.edu.et/ handle/123456789/16056.
  • Boyne, G., & Gould-Williams, J. (2003). Planning and performance in Public Organizations an Empirical Analysis. Public Management Review, 5(1), 115-132.
  • Carayannis, E., & Grigoroudis, E. (2014). Linking innovation, productivity, and competitiveness: implications for policy and practice. The Journal of Technology Transfer, 39(2), 199-218.
  • Dresch, A., Collatto, D. C., & Lacerda, D. P. (2018). Theoretical understanding between competitiveness and productivity: firm level. Ingeniería y competitividad, 20(2), 69-86.
  • Falshaw, J. R., Glaister, K. W., & Tatoglu, E. (2006). Evidence on formal strategic planning and company performance. Management Decision, 44(1), 9-30.
  • Fan, K., O’Sullivan, C., Brabazon, A., and O’Neill, M. (2008). Non-linear principal component analysis of the implied volatility smile using a quantum-inspired evolutionary algorithm. In Natural computing in computational finance (pp. 89-107). Springer, Berlin, Heidelberg
  • French, S.J., Kelly, S.J. & Harrison, J.L. (2004). The Role of Strategic Planning in the Performance of Small Professional Service Firms: A Research Note, Journal of Management Development, 23(8),765-776.https://doi.org/10.1108/02621710410549611
  • George, B., Walker, R. M., & Monster, J. (2019). Does strategic planning improve organizational performance? A meta‐analysis. Public Administration Review, 79(6), 810-819.
  • Gichovi, P. M. (2019). Strategic planning and competitive advantage at family bank limited (Thesis, university of Nairobi).
  • Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Canonical correlation: A supplement to multivariate data analysis. Multivariate Data Analysis: A Global Perspective, 7th ed.; Pearson Prentice Hall Publishing: Upper Saddle River, NJ, USA.
  • Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2006). Structural equation modeling: An introduction. Multivariate data analysis. 6th Edition. New Jersey: Pearson Prentice Hall, 752-753.
  • Hilmy, A. M. (2016). Effect of total quality management practices on competitive advantage of transport and logistics firms in Mombasa County, Kenya (Thesis, University of Nairobi).
  • Innocent, I. E., & Levi, N. N. (2017). Effects of strategic planning on organizational performance (A Study of Nigerian Bottling Company, Enugu). International Journal of Economics and Business Management, 3(9), 1-12.
  • Kaleka, A., & Morgan, N. A. (2017). Which competitive advantage (s)? Competitive advantage–market performance relationships in international markets. Journal of International Marketing, 25(4), 25-49.
  • Kiiyo, M. (2019). The Role of Employee Behaviour and Organizational Structure In The Relationship Between Strategic Planning And Competitive Advantage Of Large Manufacturing Firms In Kenya (Thesis, University of Nairobi).
  • Kotler, P. (2000). Marketing Management, New Jersey: Prentice Hall.
  • Krejcie, R. V., & Morgan, D. W. (1970). Determining sample size for research activities. Educational and psychological measurement, 30(3), 607-610.
  • Landau, S., & Everitt, B. S. (2003). A handbook of statistical analyses using SPSS. Chapman and Hall/CRC.
  • Miller, S., Wilson, D., & Hickson, D. (2004). Beyond planning: Strategies for successfully implementing strategic decisions. Long range planning, 37(3), 201-218.
  • Mulyaningsih, M., Danial, R., Komariah, K., Firdausijah, R., & Yuniarti, Y. (2021). The effect of strategic planning on competitive advantages of small and medium enterprises. Management Science Letters, 11(2), 411-416.
  • Ngige, C. D. (2017). Strategic Planning and Productivity in Organizations: A Study of Selected SMEs in Anambra State. African Journal of Education, 3(4), 122.
  • Nunnally, J.D. (1978). Psychometric Theory (2nd ed), New York: McGraw-Hill.
  • Olusanya, S. O., Awotungase, S. A., & Ohadebere, E. C. (2012). Effective planning and organizational productivity: A case study of Sterling Bank Nigeria Plc. Journal of Humanities and Social Sciences, 5(5), 31-39.
  • O'Regan, N., & Ghobadian, A. (2005). The strategic planning process: a navigational tool for competitive advantage. International Journal of Process Management and Benchmarking, 1(1), 63-81.
  • Powell, T. C. (1992). Research notes and communications strategic planning as competitive advantage. Strategic management journal, 13(7), 551-558.
  • Prasad, K. D., Jha, S. K., & Prakash, A. (2015). Quality, productivity and business performance in home based brassware manufacturing units. International Journal of Productivity and Performance Management. 64(2), 270-287. https://doi.org/10.1108/IJPPM-02-2014-0029
  • Sara, I., Saputra, K. A. K., & Utama, I. W. K. J. (2021). The Effects of Strategic Planning, Human Resource and Asset Management on Economic Productivity: A Case Study in Indonesia. The Journal of Asian Finance, Economics and Business, 8(4), 381-389.
  • Terziovski, M. (2006). Quality management practices and their relationship with customer satisfaction and productivity improvement. Management Research News, 29(7), 414-424.
  • Tryson, Y. (2022). The Mediating Effect of Customer Focus on the Relationship Between Strategic Planning and Competitive Advantage in Railway Sector. Journal of Operations and Strategic Planning, 5(1), 59-81.
  • Yangailo, T. (2023a). The Mediating and Moderating Effect of Total Quality Management Practices on the Association between Strategic Planning and Competitive Advantage: The Case of Railway Sector. International Journal of Productivity and Quality Management. DOI:10.1504/IJPQM.2022.10045473
  • Yangailo, T. (2022). The Impact of Quality Results and Important Innovation as TQM Practices on Organisational Productivity: The case of Railway Sector. Proceedings on Engineering Sciences,4(3),327-336. DOI:10.24874/PES04.03.010
  • Yangailo, T. (2023b). The mediating effect of TQM practices on the relationship between strategic planning and productivity. Management Science Letters, 13(2), 136-149.
  • Yangailo, T.,Kabela,J.,& Turyatunga, H. (2023). The Impact of Total Quality Management Practices on Productivity in the Railway Sector in African Context. Proceedings on Engineering Sciences, 5(1), DOI: 10.24874/PES05.01.015
Toplam 35 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular İşletme
Bölüm Araştırma Makaleleri
Yazarlar

Tryson Yangailo Bu kişi benim 0000-0002-0690-9747

Erken Görünüm Tarihi 15 Nisan 2024
Yayımlanma Tarihi 22 Nisan 2024
Gönderilme Tarihi 25 Ekim 2023
Kabul Tarihi 7 Şubat 2024
Yayımlandığı Sayı Yıl 2024

Kaynak Göster

APA Yangailo, T. (2024). The Role of Strategic Planning and Productivity in Predicting Competitive Advantage. Trends in Business and Economics, 38(2), 83-91. https://doi.org/10.16951/trendbusecon.1468564

Content of this journal is licensed under a Creative Commons Attribution 4.0 International License

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