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Does business planning facilitate the development of new ventures?

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<title>Does business planning facilitate the development of new ventures?</title>
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<namePart>Delmar, Frederic</namePart>
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<namePart>Shane, Scott</namePart>
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<abstract>Many prior researchers have criticized business planning, arguing that it interferes with the efforts of firm founders to undertake more valuable actions to develop their fledling enterprises. In this paper, we change this negative view of business planning, arguing that business planning is an important precursor to action in new ventures. We examine 223 new ventures initiated in the first 9 months of 1998 by a random sample of Swedish firm founders and provide support for our hypotheses</abstract>
<note type="statement of responsibility">Federic Delmar and Scott Shane</note>
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<topic>Estrategia empresarial</topic>
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<topic>Perspectivas económicas</topic>
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<topic>Estudios estadísticos</topic>
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<topic>Planificación estratégica</topic>
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<title>Strategic management journal</title>
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<publisher>Chichester [etc.] : Wiley</publisher>
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<identifier type="local">MAP20077100307</identifier>
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<text>Vol. 25, nº 24, December 2003 ; p. 1165-1185</text>
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