How and When TMT Strategic Consensus Impacts Product Innovation in Hi-Tech Ventures

Liqun Wei; Yan Ling; Yuli Zhang

doi:10.5465/AMBPP.2017.14621abstract

How and When TMT Strategic Consensus Impacts Product Innovation in Hi-Tech Ventures

Liqun Wei, Yan Ling, Yuli Zhang

Department of Management, Marketing and Information Systems

Research output: Chapter in book/report/conference proceeding › Conference proceeding › peer-review

Abstract

Strategic consensus has been found to significantly facilitate economic performance of established organizations. Yet, it remains much less clear whether strategic consensus is of equally positive value to high- tech ventures where the paradox between strategic flexibility and consistency tends to be more salient. Drawing on a sample of 92 high-tech ventures from China with a lagged multiple respondents design, this study examines the mechanism through which strategic consensus among founding top management team (TMT) members impacts product innovation, a performance indicator of high importance for high- tech entrepreneurial firms. Specifically, we propose and find support for the mediating role of team decision speed and the moderating effect of structural specialization among team members in the relationship between TMT strategic consensus and the ventures’ lagged product innovation. Contributing to both consensus and entrepreneurship literature, this research helps to unpack the consequences of strategic consensus in an entrepreneurial setting.

Original language	English
Title of host publication	Academy of Management Proceedings 2017
Editors	Sonia Taneja
Publisher	Academy of Management
DOIs	https://doi.org/10.5465/AMBPP.2017.14621abstract
Publication status	Published - 1 Aug 2017
Event	77th Annual Meeting of the Academy of Management, AOM 2017: At The Interface - Atlanta, United States Duration: 4 Aug 2017 → 9 Aug 2017 https://aom.org/events/annual-meeting/past-annual-meetings/2017-at-the-interface (Conference website) https://journals.aom.org/toc/amproc/2017/1 (Conference proceedings)

Publication series

Name	Academy of Management Proceedings
Number	1
Volume	2017
ISSN (Print)	0065-0668
ISSN (Electronic)	2151-6561

Conference

Conference	77th Annual Meeting of the Academy of Management, AOM 2017
Country/Territory	United States
City	Atlanta
Period	4/08/17 → 9/08/17
Internet address	https://aom.org/events/annual-meeting/past-annual-meetings/2017-at-the-interface (Conference website) https://journals.aom.org/toc/amproc/2017/1 (Conference proceedings)

User-Defined Keywords

product innovation
strategic consensus
top management team

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.5465/AMBPP.2017.14621abstract

Cite this

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title = "How and When TMT Strategic Consensus Impacts Product Innovation in Hi-Tech Ventures",

abstract = "Strategic consensus has been found to significantly facilitate economic performance of established organizations. Yet, it remains much less clear whether strategic consensus is of equally positive value to high- tech ventures where the paradox between strategic flexibility and consistency tends to be more salient. Drawing on a sample of 92 high-tech ventures from China with a lagged multiple respondents design, this study examines the mechanism through which strategic consensus among founding top management team (TMT) members impacts product innovation, a performance indicator of high importance for high- tech entrepreneurial firms. Specifically, we propose and find support for the mediating role of team decision speed and the moderating effect of structural specialization among team members in the relationship between TMT strategic consensus and the ventures{\textquoteright} lagged product innovation. Contributing to both consensus and entrepreneurship literature, this research helps to unpack the consequences of strategic consensus in an entrepreneurial setting.",

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note = "77th Annual Meeting of the Academy of Management, AOM 2017 : At The Interface ; Conference date: 04-08-2017 Through 09-08-2017",

url = "https://aom.org/events/annual-meeting/past-annual-meetings/2017-at-the-interface, https://journals.aom.org/toc/amproc/2017/1",

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Wei, L, Ling, Y & Zhang, Y 2017, How and When TMT Strategic Consensus Impacts Product Innovation in Hi-Tech Ventures. in S Taneja (ed.), Academy of Management Proceedings 2017. Academy of Management Proceedings, no. 1, vol. 2017, Academy of Management, 77th Annual Meeting of the Academy of Management, AOM 2017, Atlanta, United States, 4/08/17. https://doi.org/10.5465/AMBPP.2017.14621abstract

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AB - Strategic consensus has been found to significantly facilitate economic performance of established organizations. Yet, it remains much less clear whether strategic consensus is of equally positive value to high- tech ventures where the paradox between strategic flexibility and consistency tends to be more salient. Drawing on a sample of 92 high-tech ventures from China with a lagged multiple respondents design, this study examines the mechanism through which strategic consensus among founding top management team (TMT) members impacts product innovation, a performance indicator of high importance for high- tech entrepreneurial firms. Specifically, we propose and find support for the mediating role of team decision speed and the moderating effect of structural specialization among team members in the relationship between TMT strategic consensus and the ventures’ lagged product innovation. Contributing to both consensus and entrepreneurship literature, this research helps to unpack the consequences of strategic consensus in an entrepreneurial setting.

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How and When TMT Strategic Consensus Impacts Product Innovation in Hi-Tech Ventures

Abstract

Publication series

Conference

User-Defined Keywords

UN SDGs

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