An empirical research on the patterns and influencing factors of strategy formation processes
© Higher Education Press and Springer-Verlag GmbH 2008
Published: 30 July 2008
Using data collected from 126 firms, this article attempts to classify different patterns of strategy formation process and identify organizational factors influencing the processes. Based on a clustering analysis method, we identify four patterns of strategy formation processes varying in main characteristics, such as command, adaptive, vision, and external constraints, etc. We also find that a firm’s ownership type and its development stage have significant effects on strategy formation processes.