How career variety promotes the adaptability of managers: a theoretical model

This paper presents a theoretical model showing how managerial adaptability develops from career variety over the span of the person’s career. By building on the literature of career theory, adult learning and development, and career adjustment, we oVer a new conceptualization of managerial adaptability by identifying its behavioral, cognitive, and socio-emotional dimensions, discuss how these competencies can develop from the variety of managers’ cumulative career experiences, and propose several individual and career-related factors that moderates the relationship between managerial career variety and adaptability

The choice of insider or outsider top executives in acquired companies

There is considerable debate amongst academics and practitioners over whether top executives of acquired or merged companies should stay or go, post-deal, as studies exploring the link with organisational performance show mixed results. This may in part be due to such studies failing to recognise that there are a number of distinct post-acquisition strategies which may require the deployment of different types of top executive. This paper addresses this limitation by bringing together the longstanding Insider/Outsider debate with a post-acquisition integration framework, in order to investigate whether there is a link between top management type and post-acquisition integration strategy. Using a dual methodology of survey and cases drawing on UK M&A data, clear associations are found between top executive type and particular post-acquisition styles. Underlying these patterns, the value-creating/value-capturing distinction of the Resource-Based View appears to have a greater influence over top executive deployment than do issues of Organisational Fit. This suggests strategic intentions have ascendancy over organisational constraints in the selection of top executives for managing post-acquisition integration

Top management team faultlines and firm performance: examining the CEO-TMT interface

Prior research indicates that the relationship between top management team (TMT) faultlines and firm performance is equivocal. We shed new light on this topic by highlighting the moderating role of the CEO–TMT interface. Analyzing data from large international firms over the period 2005–2009 (347 firm-year combinations), we find that the performance effect of knowledge-based TMT faultlines is significantly altered when the leader of the TMT (i.e., the CEO): (a) socio-demographically resembles incumbent executives, (b) possesses a diverse career background, and (c) shares common socialization experience with other TMT members. Overall, our research reveals that different dimensions of the CEO-TMT interface play a pivotal role in determining the performance effects of knowledge-based TMT subgroups. Implications for upper echelons theory, team diversity, and strategic leadership research are discussed

Frequent CEO Turnover and Firm Performance: The Resilience Effect of Workforce Diversity

© 2020, Springer Nature B.V. CEO turnover (or succession) is a critical event in an organization that influences organizational processes and performance. The objective of this study is to investigate whether workforce diversity (i.e., age, gender, and education-level diversity) might have a resilience effect on firm performance under the frequency of CEO turnover. Based on a sample of 409 Korean firms from 2010 to 2015, our results show that firms with more frequent CEO turnover have a lower firm performance. However, firms with more gender and education-level diversity could buffer the disruptive effect of frequent CEO turnover on firm performance to offer a benefit to the organization. Our theory and findings suggest that effectively managing diverse workforce can be a resilience factor in an uncertain organizational environment because diverse workforce has complementary skills and behaviors that can cope better with uncertainty and signals social inclusion of an organization, thus fostering a long-term exchange relationship. These findings contribute to the literature on CEO turnover (or succession) and diversity

Information asymmetries in the hiring process and the risk of new leader dismissal: insights from English premier league soccer organizations

Why are some new leaders dismissed quicker than others? Adopting agency theory logic we examine how different succession contexts shape boards’ information asymmetries about a potential candidate’s competencies in the hiring process, which influences the propensity of making poor hiring decisions and hence the risk of new leader dismissal. Employing duration analysis on a sample of 164 newly appointed leaders in the English premier league (1996 –2014), we find that the risk of new leader dismissal is: (i) greater when the predecessor leader’s exit was initiated by them rather than by the board; (ii) greater when following a longer tenured predecessor; and (iii) lower for outside successions as compared to inside successions

Family Business Restructuring:A Review and Research Agenda

Although business restructuring occurs frequently and it is important for the prosperity of family firms across generations, research on family firms has largely evolved separately from research on business restructuring. This is a missed opportunity, since the two domains are complementary, and understanding the context, process, content, and outcome dimensions is relevant to both research streams. We address this by examining the intersection between research on business restructuring and family firms to improve our knowledge of each area and inform future research. To achieve this goal, we review and organize research across different dimensions to create an integrative framework. Building on current research, we focus on 88 studies at the intersection of family firm and business restructuring research to develop a model that identifies research needs and suggests directions for future research

Yönetici yedekleme planı bir örgütün değişim kapasitesini nasıl azaltabilir? kuramsal bir model (How can executive succession planning reduce the adaptive capacity of an organization: a theoretical model)

Bu çalışmada yönetici yedekleme planının bir örgütün değişim kapasitesini nasıl azaltabileceğini gösteren kuramsal bir model geliştirilmiştir. Savunulan ana teze göre, üst düzey yönetici seçimi ve gelişiminde egemen olan “uyum” yaklaşımı ve var olan çeşitli sosyopolitik güçler, yönetici takımının benzeşikliğini (homojenliğini) arttırma ve yöneticilerin kariyer deneyimlerindeki çeşitliliği ve bilgi işleme yetkinliklerini azaltma eğilimi göstermektedir. Bu da, üst yönetim takımının bilgi, yetenek ve bakış açısı genişliğinde sınırlamalara neden olmakta, ve sonuç olarak, örgütlerin değişim kapasitesini azaltarak özellikle dinamik çevrelere uyum sağlamada başarısızlıklara yol açmaktadır. Ayrıca çalışmada, geliştirilen model ve önermelerin Türkiye’de yapılacak olan araştırmalar ve yönetimsel uygulamalar için önemi tartışılmaktadır

Türkiye'deki işletme gruplarında çeşitlendirme stratejilerinin evrimi

Bu çalışma Türkiye’deki işletme gruplarının çeşitlendirme stratejilerinin evrimini kavramsal bir çerçeve dâhilinde açıklamayı hedeflemektedir. Makalede ilk önce çeşitlendirme stratejileri üzerine var olan yazın değerlendirilmekte ve gelişmiş ekonomilerdeki çalışmalardan yola çıkarak geliştirilen kuramların neden gelişmekte olan ülkelerdeki örgütlerin çeşitlendirme stratejilerini açıklamada yetersiz kaldığı tartışılmaktadır. Daha sonra, Türkiye’deki işletme gruplarının stratejilerinin evrimi, var olan kuramlardan ve sınırlı da olsa Türkiye’de bu konuda şimdiye kadar yapılan çalışmalardan yararlanarak açıklanmaya çalışılmaktadır. Çalışmada küresel ekonomiyle bütünleşme sürecinde “çok odaklı” bir çeşitlendirme stratejisine geçmeye başladığı gözlemlenen işletme gruplarının odaklanma süreçleri üzerine kuram geliştirme yönünde ilk adımlar atılması ve gelecekteki görgül çalışmalar için bir zemin hazırlanması hedeflenmektedir