Perceived Environmental Dynamism, Relative Competitive Performance, and Top Management Team Heterogeneity: Examining Correlates of Upper Echelons' Advice-Seeking

Mariano L.M. Heyden, Sebastiaan van Doorn, Marko Reimer, Frans A.J. Van Den Bosch, Henk W. Volberda

Research output: Contribution to journalArticle

30 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)1327-1356
Number of pages30
JournalOrganization Studies
Volume34
Issue number9
DOIs
Publication statusPublished - 1 Sep 2013
Externally publishedYes

Fingerprint

Knowledge acquisition
Decision making
Environmental dynamism
Chief executive officer
Correlates
Top management teams
Upper echelons
Performance management
Firm performance
Factors
Upper echelons theory
Strategic decision making
Hypothesis test

Cite this

@article{737f7a61b1ff4dd99c80d8b23d845dab,
title = "Perceived Environmental Dynamism, Relative Competitive Performance, and Top Management Team Heterogeneity: Examining Correlates of Upper Echelons' Advice-Seeking",
abstract = "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.",
keywords = "advice-seeking, environmental dynamism, firm performance, strategic decision-making, top management teams, upper echelons theory",
author = "Heyden, {Mariano L.M.} and {van Doorn}, Sebastiaan and Marko Reimer and {Van Den Bosch}, {Frans A.J.} and Volberda, {Henk W.}",
year = "2013",
month = "9",
day = "1",
doi = "10.1177/0170840612470229",
language = "English",
volume = "34",
pages = "1327--1356",
journal = "Organization Studies",
issn = "0170-8406",
publisher = "SAGE Publications Ltd",
number = "9",

}

Perceived Environmental Dynamism, Relative Competitive Performance, and Top Management Team Heterogeneity : Examining Correlates of Upper Echelons' Advice-Seeking. / Heyden, Mariano L.M.; van Doorn, Sebastiaan; Reimer, Marko; Van Den Bosch, Frans A.J.; Volberda, Henk W.

In: Organization Studies, Vol. 34, No. 9, 01.09.2013, p. 1327-1356.

Research output: Contribution to journalArticle

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

VL - 34

SP - 1327

EP - 1356

JO - Organization Studies

JF - Organization Studies

SN - 0170-8406

IS - 9

ER -