CEO Locus Of Control, Strategic Planning, Differentiation, And Small Business Performance: A Test Of A Path Analytic Model

Abstract

This study used data from 100 small business firms to examine a path analytic model of the relationships among CEO locus of control, futurity in strategy-making, structural differentiation, and economic performance. We found that the paths from CEO locus of control to structural differentiation and structural differentiation to performance were significant. We also found that when the effects were decomposed into their indirect components, the relationship between strategic futurity and performance reached significance.