Does a sophisticated integration of strategic and financial planning truly enhance business performance? This research investigates the added value of a well-developed interface between **strategic planning** and the finance function, focusing on a survey of 100 hotels. The study aims to determine whether a more sophisticated approach to this interface leads to enhanced performance, measured in terms of efficiency, effectiveness, and adaptability. By examining the relationship between the sophistication of the **strategic planning**/finance interface and various performance metrics, the research provides insights into the practical benefits of aligning these two critical functions. The added value, measured by enhanced performance, is a primary objective for any enterprise, making this research particularly relevant for hotel managers and business leaders seeking to optimize their planning processes and achieve superior business outcomes. The findings have implications for organizational design and resource allocation, highlighting the importance of a strategic approach to integrating planning and finance.
Published in Management Decision, this study is highly relevant to the journal's focus on strategic decision-making and organizational performance. By exploring the interface between strategic planning and finance, the paper offers actionable insights for managers seeking to improve their organization's efficiency, effectiveness, and adaptability, aligning with the journal's core themes.