TOP MANAGEMENT TEAM DEMOGRAPHY AND CORPORATE STRATEGIC CHANGE

• 成果类型: Article
• 署名作者: WIERSEMA, MF; BANTEL, KA
• 署名单位: Wayne State University
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/256474
• 发表日期: 1992
• 页码: 91-121
• 关键词: ORGANIZATIONAL DEMOGRAPHY; ENTROPY MEASURE; performance; diversification; AGE; turnover; firm; COMMUNICATION; innovations; environment

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.