TY - JOUR
T1 - Perceived Environmental Dynamism, Relative Competitive Performance, and Top Management Team Heterogeneity
T2 - Examining Correlates of Upper Echelons' Advice-Seeking
AU - Heyden, Mariano L.M.
AU - van Doorn, Sebastiaan
AU - Reimer, Marko
AU - Van Den Bosch, Frans A.J.
AU - Volberda, Henk W.
PY - 2013/9/1
Y1 - 2013/9/1
N2 - Advice-seeking is one of the most basic practices in making real-life decisions and has been shown to be a predominant mode of knowledge acquisition at the upper echelons level. Chief Executive Officers (CEOs) in particular seek advice to obtain formulated judgments, opinions, and suggestions about current strategic directions and recommended alternatives for future courses of action. In this study we distinguish between intra-organizational and extra-organizational sources of advice and examine how factors at the environmental, firm, and top management team (TMT) level relate to patterns of CEO advice-seeking. We develop and test hypotheses linking perceived environmental dynamism, relative competitive firm performance, and TMT heterogeneity to CEO advice-seeking from internal and external sources and uncover asymmetric patterns. We discuss implications for upper echelons theory and strategic decision-making research.
AB - Advice-seeking is one of the most basic practices in making real-life decisions and has been shown to be a predominant mode of knowledge acquisition at the upper echelons level. Chief Executive Officers (CEOs) in particular seek advice to obtain formulated judgments, opinions, and suggestions about current strategic directions and recommended alternatives for future courses of action. In this study we distinguish between intra-organizational and extra-organizational sources of advice and examine how factors at the environmental, firm, and top management team (TMT) level relate to patterns of CEO advice-seeking. We develop and test hypotheses linking perceived environmental dynamism, relative competitive firm performance, and TMT heterogeneity to CEO advice-seeking from internal and external sources and uncover asymmetric patterns. We discuss implications for upper echelons theory and strategic decision-making research.
KW - advice-seeking
KW - environmental dynamism
KW - firm performance
KW - strategic decision-making
KW - top management teams
KW - upper echelons theory
UR - http://www.scopus.com/inward/record.url?scp=84884141149&partnerID=8YFLogxK
U2 - 10.1177/0170840612470229
DO - 10.1177/0170840612470229
M3 - Article
AN - SCOPUS:84884141149
SN - 0170-8406
VL - 34
SP - 1327
EP - 1356
JO - Organization Studies
JF - Organization Studies
IS - 9
ER -