The Impact of Strategic Consensus on Product Innovation in Entrepreneurial Firms

Liqun WEI, Franz Kellermanns, Yan Ling, Yuli Zhang

Research output: Contribution to conferencePaperpeer-review

Abstract

Strategic consensus has been found to facilitate positive outcomes in established organizations. It remains unclear, however, whether strategic consensus is of equally positive value to high-tech ventures where the paradox between the needs of resource accumulation and opportunity recognition is more salient. Drawing on a sample of 92 high-tech ventures and using a lagged and multiple-respondent design, this study examines the impact of strategic consensus among founding top management team (TMT) members on product innovation. We find an inverted-U relationship between founding TMT consensus and product innovation. We also find that the diversity in founding TMT members’ industry tenure diversity moderates this relationship. By contributing to both consensus and entrepreneurship literatures, this research helps to unpack the consequences of strategic consensus in an entrepreneurial setting.

Conference

ConferenceStrategic Management Society (SMS) 41st Annual Conference
Country/TerritoryCanada
CityToronto
Period18/09/2121/09/21
Internet address

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