01314nas a2200181   4500008004100000245011200041210006900153260000900222300001400231490000700245520064600252653001500898653003200913100001800945700001800963700002000981856013101001       2015                        eng d00aLinking the formal strategic planning process, planning flexibility, and innovativeness to firm performance0 aLinking the formal strategic planning process planning flexibili  c2015  a2000-20070 v673 aWe explore how formal strategic planning processes, adaptive capabilities, and innovativeness are associated with firm financial performance in a multi-industry sample (N = 448). Our results suggest both formal strategic planning processes and adaptive capabilities are positively associated with innovativeness. In addition, we find innovativeness fully mediates the relationships from formal strategic planning and adaptive capabilities to firm financial performance. This implies that organizations that concurrently act and react will be in a more advantageous competitive position than those unable to master this paradoxical conundrum.10aManagement10aStrategy & Entrepreneurship1 aDibrell, Clay1 aCraig, Justin1 aNeubaum, Donald  u/biblio/linking-formal-strategic-planning-process-planning-flexibility-and-innovativeness-firm