Top Management Team Advice Seeking and Exploratory Innovation: The Moderating Role of TMT Heterogeneity
VU University Amsterdam - Department of Management and Organisation
Justin J. P. Jansen
Rotterdam School of Management
Frans A. J. Van Den Bosch
Erasmus University Rotterdam (EUR) - Department of Strategic Management and Entrepreneurship; Erasmus Research Institute of Management (ERIM)
H. W. Volberda
Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM); Erasmus Research Institute of Management (ERIM)
May 7, 2008
This study examines the top management team's internal and external advice seeking behavior in affecting exploratory innovation, i.e. innovation aimed at new markets or based on radically new technologies. Additionally, hypotheses are developed in which the impact of TMT advice seeking on exploratory innovation is moderated by the team's functional and background heterogeneity. For heterogeneous top management teams the potential for realizing exploratory innovation lies within the team rather than as a result of external advice seeking. The use of internal advice however, is positively moderated by the TMT heterogeneity and can further boost the exploratory innovation of the firm.
Number of Pages in PDF File: 32
Keywords: Advice seeking, exploratory innovation, heterogeneity, top management teams
JEL Classification: M00, M10, M19working papers series
Date posted: January 15, 2008 ; Last revised: May 11, 2011
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