Universal Journal of Management Vol. 2(1), pp. 9 - 18
DOI: 10.13189/ujm.2014.020102
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Strategy Formalization in the Practice of Polish Companies


Przemysław Wołczek *
Strategic Management Department, Faculty of Economics Sciences, Wrocław University of Economics, Wroclaw, Poland

ABSTRACT

The article presents a part of the results of research conducted by the Strategic Management Department of the Wrocław University of Economics*. The study was conducted on a sample of 150 companies (3 separate samples [small, medium and big companies] each with N = 50 entities). The respondents group was both: joint stock companies not listed on the Warsaw Stock Exchange (WSE) and the WSE listed joint stock companies. The respondents were company managers, here defined as a CEO, Strategic Director, Managing Director or the company's Board, here understood as Company Chairman/President and Board Members. The research methods included direct questionnaire interview (PAPI – Paper and Pencil Interview). The tool used to gather information was a questionnaire which included: 84 questions in the main part, 4 questions in the recruitment part and 11 questions in the demographics part. The study was conducted from October 2011 to January 2012. In the article some aspects concerning the issue of strategy formalization is presented. This paper addresses correlation (if any) between the size of an enterprise and the level of company strategy formalization. Analyses and conclusions presented herein are aimed at testing the following research hypothesis: “It is assumed that the larger the enterprise, the more formalized is the enterprise strategy”.

KEYWORDS
Strategy, Formalization, Strategic Management, Mission, Vision

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Przemysław Wołczek , "Strategy Formalization in the Practice of Polish Companies," Universal Journal of Management, Vol. 2, No. 1, pp. 9 - 18, 2014. DOI: 10.13189/ujm.2014.020102.

(b). APA Format:
Przemysław Wołczek (2014). Strategy Formalization in the Practice of Polish Companies. Universal Journal of Management, 2(1), 9 - 18. DOI: 10.13189/ujm.2014.020102.