Authors : Bahman Gholami and Abdolah Khademi Moghadam
Abstract: Strategic planning is of utmost importance for the strategic management of companies. Therefore, the purpose of this study was to examine the effect of strategic planning on the financial performance of companies listed on Tehran Stock Exchange. The findings revealed that a lot of domestic and foreign companies included in the study sample had their own strategic management processes. Such processes were annual and reflected on significant organizational activities. The present study was one of the few investigations examining strategic planning process in a sample of companies in a developing economy wherein existing changes in corporate performance over time were determined in a way that they involved the use of strategic tools in a dynamic and competitive environment. The results of this study contributed to understanding the nature and strategic planning experiences in companies listed on Tehran Stock Exchange as well as the correlational potentials between corporate efforts and performance.
Bahman Gholami and Abdolah Khademi Moghadam, 2016. Investigating the Effects of Strategic Management on Financial Performance of Companies Listed on Tehran Stock Exchange. International Business Management, 10: 6233-6237.