Based on prior research in training and development , planning and performance, and entrepreneurship, it was predicted that formal training and development would play an important role in shaping the strategic planning process and subsequent entrepreneurial firm performance. Data from 73 founder/managers of technology oriented electronic businesses were collected and analyzed to determine the impact of T & D on firm performance. More specifically the study investigated the relationships between training and development, the perceived benefits of training and development , and the sophistication of a firm' s strategic orientation to planning . Preliminary results indicate that training and development are related to firm performance
