Towards a Better Understanding of the Relationship between Strategy Formulation (Vision, Mission, and Goals) and Organizational Performance
Organizations around the world focus more on performance, in particular with their stakeholders and customers’ expectations regard. Even though one of the significant determinants of organizational performance is strategy formulation, numerous researches debate for the nonappearance of research into the factors which affect the successful formulation of strategy. The main objective of this research is to examine the impact of strategy formulation on the organizational performance in the context Abu-Dhabi police department in the UAE. The present study adopts quantitative research design in its quest to achieve a credible study. As such, questionnaire was developed and used to elicit the respondents’ opinion on the effects of strategy formulation on the UAE public sector performance. 423 usable responses were analysed using Statistical Package for Social Sciences and Partial Least Squares Structural Equation Modelling-Variance Based was employed to assess the research model. Non-probability sampling technique was adopted to gather the required quantitative data. Based on the findings in relation to this objective, the study concluded that the results indicated that strategy formulation (vision, mission, and goals) has a significant and positive impact on organizational performance. Results would give insights for Abu-Dhabi police department and public sector in the UAE to improve the organizational performance focusing in strategy formulation.