TOP MANAGEMENT TEAM DEMOGRAPHY AND CORPORATE STRATEGIC CHANGE

被引:551
作者
WIERSEMA, MF [1 ]
BANTEL, KA [1 ]
机构
[1] WAYNE STATE UNIV,SCH BUSINESS,DETROIT,MI 48202
关键词
D O I
10.2307/256474
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study examined the relationship between the demography of top management teams and corporate strategic change, measured as absolute change in diversification level, within a sample of Fortune 500 companies. Controlling for prior firm performance, organizational size, top team size, and industry structure, we found that the firms most likely to undergo changes in corporate strategy had top management teams characterized by lower average age, shorter organizational tenure, higher team tenure, higher educational level, higher educational specialization heterogeneity, and higher academic training in the sciences than other teams. The results suggest that top managers' cognitive perspectives, as reflected in a team's demographic characteristics, are linked to the team's propensity to change corporate strategy.
引用
收藏
页码:91 / 121
页数:31
相关论文
共 108 条
[61]   SIZE AND STRUCTURE OF ORGANIZATIONS - CAUSAL ANALYSIS [J].
MEYER, MW .
AMERICAN SOCIOLOGICAL REVIEW, 1972, 37 (04) :434-&
[62]   DIVERSIFICATION POSTURE AND TOP MANAGEMENT TEAM CHARACTERISTICS [J].
MICHEL, JG ;
HAMBRICK, DC .
ACADEMY OF MANAGEMENT JOURNAL, 1992, 35 (01) :9-37
[64]  
Mintzberg, 1979, STRUCTURING ORG
[65]  
Montgomery C. A., 1979, DIVERSIFICATION MARK
[66]   TOP MANAGEMENT GROUP HETEROGENEITY AND FIRM PERFORMANCE [J].
MURRAY, AI .
STRATEGIC MANAGEMENT JOURNAL, 1989, 10 :125-141
[67]  
Nelson R. R., 1982, EVOL THEOR
[68]   THE TOP MANAGEMENT TEAM AND CORPORATE PERFORMANCE [J].
NORBURN, D ;
BIRLEY, S .
STRATEGIC MANAGEMENT JOURNAL, 1988, 9 (03) :225-237
[69]  
Normann R., 1977, MANAGEMENT GROWTH
[70]  
O'Reilly C., 1989, EXECUTIVE TEAM DEMOG