The Impact of Strategic Planning and Entrepreneurial Thinking Dimensions on The Financial Performance of Companies Operating in The Basic Building Materials Sector in Egypt: An Applied Study.

Author

Hussein Ahmed Hussein Ismail
Farid Moharam Algarhy

Abstract

The study highlighted a significant correlation between strategic planning, entrepreneurial thinking, and financial performance within companies operating in Egypt’s primary building materials sector. The research posited that a positive relationship exists, suggesting that the implementation of strategic planning and the adoption of an entrepreneurial mindset would lead to improved financial performance for these companies. A quantitative approach was employed, collecting data from a sample of companies within the sector through a questionnaire. The gathered data was then analysed using various statistical methods. The findings revealed a positive correlation between strategic planning and financial performance, as well as between entrepreneurial thinking and financial performance. Moreover, the results indicated that a combined application of strategic planning and entrepreneurial thinking exerted a more pronounced impact on financial performance compared to the individual effects of each. Based on these outcomes, the study recommends that companies operating within Egypt’s primary building materials sector should adopt well-defined strategies and foster a culture of innovation and risk-taking among their employees. Additionally, the research advocates for further studies in this domain to deepen the understanding of the relationship between these variables.

Keywords: Strategic planning, entrepreneurial thinking, financial performance, Egypt

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