Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/29663
Title: Strategic management process and the importance of structured formality, financial and non-financial information
Authors: Theriou, Nikolaos G.
Keywords: Business enterprises -- Greece
Managerial accounting -- Greece
Strategic planning -- Greece
Decision making -- Economic aspects
Issue Date: 2015
Publisher: University of Piraeus. International Strategic Management Association
Citation: Theriou, N. G. (2015). Strategic management process and the importance of structured formality, financial and non-financial information. European Research Studies Journal, 18(2), 3-28.
Abstract: The strategic management literature points out that there is a high multiplicity in the form and structure of the strategic management processes within organizations. By contrast, writers on management accounting tend to focus on the structure and formality of strategic activities and call for a balance of financial and non-financial information to support the two strategic processes of strategy development and strategy implementation. The purpose of this paper is to examine whether such assumptions hold in practice. The empirical part of the study draws on questionnaire responses by Greek firms. The results indicate that: 1) Greek firms are equally structured and formal for both strategic decision making processes of strategy development and implementation, 2) there is no significant difference in the use of financial and non-financial information for strategy development and 3) there is significant difference in the evaluation of financial information and non-financial information for strategy implementation.
URI: https://www.um.edu.mt/library/oar//handle/123456789/29663
Appears in Collections:European Research Studies Journal, Volume 18, Issue 2

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