Top Management Team Advice Seeking and Exploratory Innovation: The Moderating Role of TMT Heterogeneity
Research on strategic decision making has considered advice‐seeking behaviour as an important top management team attribute that influences organizational outcomes. Yet, our understanding about how top management teams utilize advice to modify current strategies and pursue exploratory innovation is...
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Published in | Journal of management studies Vol. 47; no. 7; pp. 1343 - 1364 |
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Main Authors | , , , |
Format | Journal Article |
Language | English |
Published |
Oxford, UK
Blackwell Publishing Ltd
01.11.2010
Wiley Blackwell |
Series | Journal of Management Studies |
Subjects | |
Online Access | Get full text |
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Summary: | Research on strategic decision making has considered advice‐seeking behaviour as an important top management team attribute that influences organizational outcomes. Yet, our understanding about how top management teams utilize advice to modify current strategies and pursue exploratory innovation is still unclear. To uncover the importance of advice seeking, we delineate between external and internal advice seeking and investigate their impact on exploratory innovation. We also argue that top management team heterogeneity moderates the impact of advice seeking on exploratory innovation. Findings indicated that both external and internal advice seeking are important determinants of a firm's exploratory innovation. In addition, we observed that top management team heterogeneity facilitates firms to act upon internal advice by combining different perspectives and developing new products and services. Interestingly, heterogeneous top management teams appeared to be less effective to leverage external advice and pursue exploratory innovation. |
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Bibliography: | ArticleID:JOMS919 istex:EA23C85D43E8A9D6811AC52CA88E2DCDD9DF80B4 ark:/67375/WNG-QJJT7NNG-5 ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 |
ISSN: | 0022-2380 1467-6486 |
DOI: | 10.1111/j.1467-6486.2010.00919.x |