How ideological diversity within top management teams influences strategic dynamism

Yungu Kang, M. K. Chin, David H. Zhu

Research output: Chapter in book/report/conference proceedingConference contributionpeer-review

Abstract

Although many studies have examined the impact of the demographic diversity of top management teams (TMTs) on strategic outcomes, little theoretical or empirical work has investigated the influence of TMTs’ ideological diversity on strategic decisions. Because ideologies held by top executives influence not only their goals but also their decision-making processes, we develop the construct of TMT ideological diversity to explain how it increases strategic dynamism. In addition, we suggest that the positive effect of TMT ideological diversity on strategic dynamism is weaker when the CEO is more conservative, when the TMT is more diverse in demographic characteristics, and when management has more discretion. Using political donation records of U.S. top executives to capture their liberal versus conservative values, we find considerable support for our predictions.
Original languageEnglish
Title of host publicationAcademy of Management Annual Meeting Proceedings 2021
EditorsSonia Taneja
PublisherAcademy of Management
DOIs
Publication statusPublished - 1 Aug 2021
Event81st Annual Meeting of the Academy of Management, AOM 2021: Bringing the Manager Back in Management -
Duration: 30 Jul 20213 Aug 2021
https://aom.org/events/annual-meeting/past-annual-meetings/2021-bringing-the-manager-back-in-management (Conference website)
https://journals.aom.org/toc/amproc/2021/1 (Conference proceedings)

Publication series

NameAcademy of Management Proceedings
PublisherAcademy of Management
Number1
Volume2021
ISSN (Print)0065-0668
ISSN (Electronic)2151-6561

Conference

Conference81st Annual Meeting of the Academy of Management, AOM 2021
Period30/07/213/08/21
Internet address

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