Strategic Planning Model and its Impact on the Development of Micro-Enterprises in the Services Sector in Mexico
DOI:
https://doi.org/10.26668/businessreview/2023.v8i5.1897Keywords:
Micro-Enterprises, Services Sector, Strategic Planning Model, Proactive ApproachAbstract
Purpose: The aim of this study is to offer the design of a strategic planning model for micro-enterprises from services economic sector in the State of Hidalgo, Mexico and measure its impact on their growth and development.
Theoretical framework: The research reviewed a variety of strategic planning models, which contributed in the design of this new model tailored to Hidalgo’s micro-enterprises from services sector, the main objective is to contribute to their growth and development. Larios (2016), refers to the strategic process sequential model as the set of activities which are conducted in a specific sequence in order to project the future of the organization and achieve their vision, Larios (2016), establishes that this model is made of three stages: designing, implementing and evaluating which is completed by adding conclusions and recommendations. On the other hand, the strategic planning model proposed by Stanton, Etzel and Walter suggests a logical sequence that combines strategic and marketing planning, establishing the specific route that the marketing department needs to follow (Chávez, 2017). A detailed description of the models reviewed during the research work is presented in the literature review section.
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Design/methodology/approach: The study applies a quantitave methodology with a non-experimental and transactional – correlational. A questionnaire with Likert scale of five points from totally agree to totally disagree, was given to managerial staff from the sample companies. The sample subject of study consists of 174 micro-enterprises from the services sector located in the State of Hidalgo, Mexico. The quantitative analysis conducted is based on inferential statistics, specifically multiple correlation analysis where the dependent variable is strategic planning and the independent variables are corporate philosophy, key internal factors, key external factors, SWOT analysis, situational diagnosis, objectives and strategic control (Hill y Jones 2015).
Findings: The research findings are that the dimensions that have a positive effect on strategic planning are; philosophy, internal factors, external factors, and strategic objectives. This was obtained after validating the multiple regression equation;
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Copyright (c) 2023 Edwin Chofo Ortega de la Cruz, Liliana de Jesús Gordillo Benavente, Carmen Guadalupe Juárez Rivera, Martha Ríos Manriquez
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