Sidhu, JS orcid.org/0000-0001-9773-7559, Heyden, MLM, Volberda, HW et al. (1 more author) (2020) Experience maketh the mind? Top management teams’ experiential background and cognitive search for adaptive solutions. Industrial and Corporate Change, 29 (2). pp. 333-350. ISSN 0960-6491
Abstract
The adaptive strategies of firms depend on executives’ forward-looking cognitive search. We examine how cognitive search is affected by the formative experiences of the executives making up a firm’s top management team (TMT). Drawing on research on adaptive search, cognition, and the upper echelons, we examine the extent to which educational level, diversity of functional expertise, and the length of industry tenure of TMT members will be associated with whether cognitive search centers more on proximal or on distal solutions. Analysis of 10 years of panel-data from US companies shows that whereas a TMT’s educational level does not seem to affect cognitive search, diversity of functional expertise does so, as predicted, and industry tenure does so in a manner we had not fully anticipated. Additional analysis also shows that whether cognitive search is proximal or distal is associated with whether firms enter into related or unrelated new product-markets. The article discusses the implications of these findings.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | (c) 2019, The Author(s). Published by Oxford University Press on behalf of Associazione ICC. All rights reserved. This is an author produced version of a paper published in Industrial and Corporate Change. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) > Management Division Strategy and Organisation (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 12 Aug 2019 14:53 |
Last Modified: | 29 Mar 2023 01:22 |
Status: | Published |
Publisher: | Oxford University Press |
Identification Number: | 10.1093/icc/dtz041 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:149356 |