STALE IN THE SADDLE - CEO TENURE AND THE MATCH BETWEEN ORGANIZATION AND ENVIRONMENT

• 成果类型: Article
• 署名作者: MILLER, D
• 署名单位: McGill University; University of Alberta
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.37.1.34
• 发表日期: 1991
• 页码: 34-52
• 关键词: Leadership; ORGANIZATIONAL ADAPTATION; FIT BETWEEN ORGANIZATION AND ENVIRONMENT; CEO TENURE

摘要

It has often been argued that an organization's strategy and structure must be tailored or matched to the challenges posed by its environment. Our research shows that this match is less likely to be achieved by long-tenured CEO's than by their counterparts with less tenure. It also suggests that the failure to match strategy and environment hurts financial performance. More specifically, CEO tenure related inversely to the prescribed match between organization and environment, especially in uncertain settings and where ownership was concentrated. The match between environment and strategy was in turn positively related to financial performance.