THE RELATIONSHIP BETWEEN TOP MANAGEMENT TEAM INNOVATION ORIENTATION AND FIRM GROWTH: THE MEDIATING ROLE OF FIRM INNOVATIVENESS

2015 ◽  
Vol 19 (01) ◽  
pp. 1550005 ◽  
Author(s):  
NILS D. KRAICZY ◽  
ANDREAS HACK ◽  
FRANZ W. KELLERMANNS
Keyword(s):  
Firm Growth ◽  
Top Management Team ◽  
Organizational Outcomes ◽  
Management Team ◽  
Top Management ◽  
Upper Echelon ◽  
Team Innovation ◽  
Firm Innovativeness ◽  
Team Characteristics ◽  
The Relationship

Upper echelon theory and research on innovation have considered top management teams and their behaviour and characteristics as important factors that positively influence innovativeness and organizational outcomes. Yet, innovation research has mostly focused on individual new product projects, and their performance and impact on firm performance. Recent research has started to apply a more holistic view in terms of innovation, by considering firm-wide innovation instead of single new products. Upper echelon research has concentrated on direct relationships between top management team characteristics and organizational outcomes. But recent research calls for mediating effects of the relationship between top management team characteristics and organizational outcomes. Hence, this study introduces firm innovativeness as a mediator between top management team innovation orientation and firm growth. Focusing on small and medium-sized firms, which often represent highly innovative firms, results show that firm innovativeness fully mediates the relationship between top management team innovation orientation and firm growth. Implications and future research are discussed.

scholarly journals Top Management Team Characteristics, Competitive Environment and Strategy Implementation

2020 ◽  
Vol 15 (7) ◽  
pp. 147
Author(s):  
Wasike Shadrack Mayende ◽  
Owino Odhiambo Joseph
Keyword(s):  
Top Management Team ◽  
Business Environment ◽  
Strategy Implementation ◽  
Management Team ◽  
Competitive Environment ◽  
Top Management ◽  
Product Term ◽  
Team Characteristics ◽  
The Relationship ◽  
Marketing Agency

Competing favorably in the market requires finding a perfect fit between a firm’s resources and the business environment. Strategy is the stewardship by top management that aligns organizational resources and capabilities to the environment with the ultimate goal of achieving superior and sustainable performance. The current study was designed to determine the influence of competitive environment on the relationship between top management team characteristics and strategy implementation. The study adopted the descriptive cross-sectional survey design. Data was obtained by administering structured questionnaire mailed to top managers in tea factory companies in Kenya. The moderation test was carried out using the product term of the standardized scores for top management team characteristics and competitive environment respectively. Data was processed through regression analysis. While we demonstrate that top management team characteristics had significant influence on strategy implementation, the results of moderation tests were not statistically significant. Consequently, our hypothesized moderating influence of competitive environment on the relationship between top management team characteristics and strategy implementation was not supported. Our findings raise theoretical questions on whether competitive environment is more relevant during strategy formulation process or execution stage. We conclude that companies implementing strategy in stable competitive environment have predictable implementation of planned strategy. We further conclude that external insulation from competition by umbrella marketing agency reduces the influence of factors within the competitive environment on the relationship between top management team characteristics and strategy implementation. However, the temporary insulation of the firm from competition exposes it to competitive disadvantage in the event that the marketing agency is destabilized by forces both from within and external to it.

scholarly journals INTERNAL AND EXTERNAL TOP MANAGEMENT TEAM (TMT) NETWORKING FOR ADVANCING FIRM INNOVATIVENESS

2018 ◽  
Vol 18 (1) ◽  
pp. 311-325
Author(s):  
Sri Sarah Maznah Mohd Salleh ◽  
Muhammad Fareed ◽  
Rushami Zien Yusoff ◽  
Rohaizah Saad
Keyword(s):  
Top Management Team ◽  
Management Team ◽  
Top Management ◽  
Firm Innovativeness

Influence of top management team vision and work team characteristics on innovation

2006 ◽  
Vol 9 (2) ◽  
pp. 179-201 ◽  
Author(s):  
Camelo‐Ordaz Carmen ◽  
Fernández‐Alles María de la Luz ◽  
Martínez‐Fierro Salustiano
Keyword(s):  
Top Management Team ◽  
Management Team ◽  
Work Team ◽  
Top Management ◽  
Team Characteristics
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